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The iso-Score Curve Graph. A new tool for competitive bidding

Ballesteros-Pérez, P., González-Cruz, M. C., Pastor-Ferrando, J. P. and Fernández-Diego, M. (2012) The iso-Score Curve Graph. A new tool for competitive bidding. Automation in Construction, 22. pp. 481-490. ISSN 0926-5805

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To link to this item DOI: 10.1016/j.autcon.2011.11.007

Abstract/Summary

The present work describes a new tool that helps bidders improve their competitive bidding strategies. This new tool consists of an easy-to-use graphical tool that allows the use of more complex decision analysis tools in the field of Competitive Bidding. The graphic tool described here tries to move away from previous bidding models which attempt to describe the result of an auction or a tender process by means of studying each possible bidder with probability density functions. As an illustration, the tool is applied to three practical cases. Theoretical and practical conclusions on the great potential breadth of application of the tool are also presented.

Item Type:Article
Refereed:Yes
Divisions:No Reading authors. Back catalogue items
Faculty of Science > School of the Built Environment > Construction Management and Engineering > Business Innovation in Construction
ID Code:51056
Publisher:Elsevier

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