1. A Study of Project Bidding Decision Based on Analytical Hierarchy Process Method
- Author
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Heng-liang Wu, Guo-feng Wen, and Wei-wei Zhang
- Subjects
Competition (economics) ,Analytical hierarchy process method ,Operations research ,Construction bidding ,Management science ,business.industry ,Computer science ,Analytic hierarchy process ,Bidding ,Project management ,business ,Decision model - Abstract
Bidding is a critical activity for most of contractors in face of intense competition. Thus, it is necessary to develop a practical bidding decision method. This paper presents a bidding decision model based on the analytical hierarchy process (AHP) method. As an illustration, a practical example of a construction company is cited, which demonstrates the application of this method and shows how this method can provide the decision makers with convincing and reliable results.
- Published
- 2010
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