Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 9 results ...

Al-Sobiei, O S, Arditi, D and Polat, G (2005) Predicting the risk of contractor default in Saudi Arabia utilizing artificial neural network (ANN) and genetic algorithm (GA) techniques. Construction Management and Economics, 23(04), 423-30.

Couto, J P and Teixeira, J C (2005) Using linear model for learning curve effect on highrise floor construction. Construction Management and Economics, 23(04), 355-64.

Dainty, A R J, Ison, S G and Briscoe, G H (2005) The construction labour market skills crisis: the perspective of small-medium-sized firms. Construction Management and Economics, 23(04), 387-98.

Hassanein, A and Moselhi, O (2005) Accelerating linear projects. Construction Management and Economics, 23(04), 377-85.

Liu, S L, Wang, S Y and Lai, K K (2005) A general multivariate analysis approach for determining bid mark-up strategy. Construction Management and Economics, 23(04), 347-53.

  • Type: Journal Article
  • Keywords: bid mark-up strategy; multivariate analysis; maximum likelihood estimation; sealed bid auctions; construction contract
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619042000190216
  • Abstract:

    In choosing a bidding strategy, the original multivariate approach cannot handle a more general and usual bidding situation when the mean value of the bid price for the strategic bidder is not zero. This problem is solved by extending the original approach, assuming that the cost estimate is normally distributed with a non-zero mean value. The new obtained formula for the probability of winning and the expected profit for the generalized approach are proved to be not influenced by the contract datum parameters and are suitable for determining the optimal mark-up strategy for a future construction contract. A supplementary model is proposed and combined with the original model to determine relevant parameters in the bid distribution and to justify the previously originally obtained estimation formula. Finally, the real data in the original approach is used to demonstrate the new multivariate analysis approach.

Min, W and Pheng, L S (2005) Economic order quantity (EOQ) versus just-in-time (JIT) purchasing: an alternative analysis in the ready-mixed concrete industry. Construction Management and Economics, 23(04), 409-22.

Ndekugri, I and Russell, V (2005) Insolvency and resolution of construction contract disputes by adjudication in the UK construction industry. Construction Management and Economics, 23(04), 399-408.

Rahman, M M and Kumaraswamy, M M (2005) Assembling integrated project teams for joint risk management. Construction Management and Economics, 23(04), 365-75.

Xenidis, Y and Angelides, D (2005) The financial risks in build-operate-transfer projects. Construction Management and Economics, 23(04), 431-41.