Abstract
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) |
|---|---|
| Pages (from-to) | 499-505 |
| Number of pages | 7 |
| Journal | Journal of the Construction Division |
| Volume | 106 |
| Issue number | 4 |
| State | Published - Jan 1 1980 |
| Externally published | Yes |
ASJC Scopus subject areas
- Environmental Science(all)
- Engineering(all)
- Earth and Planetary Sciences(all)
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Cite this
Sugrue, P. (1980). AN OPTIMUM BID APPROXIMATION MODEL. Journal of the Construction Division, 106(4), 499-505.