Bidding Strategy to Support Decision‐Making Based on Comprehensive Information in Construction Projects

Ru Liang, Zhaohan Sheng, Feng Xu and Changzhi Wu

Discrete Dynamics in Nature and Society, 2016, vol. 2016, issue 1

Abstract: This paper develops a unified method to support contractor for bidding selection in construction projects. A cross‐functional contractor with 28 candidate units distributed in the three departments (construction units, design units, and suppliers) is used as an example. This problem is first formulated as a 0‐1 quadratic programming problem through optimizing individual performance and collaborative performance of the candidate units based on individual information and collaborative information. Then, a multiobjective evolutionary algorithm is designed to solve this problem and a bidding selection problem for a major bridge project is used to demonstrate our proposed method. The results show that the decision‐maker (DM) obtains a better contractor if he pays more attention to collaborative performance.

Date: 2016
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https://doi.org/10.1155/2016/4643630

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jnddns:v:2016:y:2016:i:1:n:4643630

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