Managerial Judgement in a Competitive Bidding Model
作者:
GrinyerPeter H.,
WhittakerJohn D.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1973)
卷期:
Volume 24,
issue 2
页码: 181-191
ISSN:0160-5682
年代: 1973
DOI:10.1057/jors.1973.36
出版商: Taylor&Francis
数据来源: Taylor
摘要:
AbstractThe basic Friedman model is extended to allow for bias in cost estimates and the use of management judgement on market trends. The estimated mean bid is used as a parameter. Simulation, using data from four construction companies, is used to evaluate the performance of the resulting model. A sensitivity analysis is used to determine the required accuracy for the management estimate. A brief account is given of the introduction of the model as a practical tool of top management in a major construction firm.
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