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, 1-15

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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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:4643630

DOI: 10.1155/2016/4643630

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