A competitive bidding model is presented which enables the practitioner to approximate an optimum bid with little computational effort. Elementary calculus is used to derive a simplified mathematical expression which yields and accurate approximation of the solution to a bidding problem.
|Original language||English (US)|
|Number of pages||7|
|Journal||Journal of the Construction Division|
|State||Published - Jan 1 1980|
ASJC Scopus subject areas
- Environmental Science(all)
- Earth and Planetary Sciences(all)