TenSeM: a multicriteria and multidecision-makers' model in tender evaluation

Jakrapong Pongpeng and John Liston

Construction Management and Economics, 2003, vol. 21, issue 1, 21-30

Abstract: In tender evaluation, there appears to be a lack of a realistic working models capable of simultaneously (1) compiling multiple decision-makers' inputs, (2) incorporating risk and uncertainty, and (3) offering computer interaction that makes a model flexible to any change in situation. Thus, the research has developed a more realistic working model including the necessary capabilities mentioned. The vital theory behind the model was a combination of a utility function and a social welfare function. The model was divided into two main steps (step1: evaluating contractor ability and step2: evaluating tenders) consisting of three main processes: (1) the contractor ability criteria selection process; (2) the contractor ability criteria balancing/measuring process; and (3) bid price and contractor ability balancing/measuring process. The model incorporated computer interaction in which Microsoft Excel performed calculation tasks while Visual Basic for Application (VBA) was coded for user interaction. To obtain a realistic working product, the model was tested for user friendliness, verification, sensitivity analysis, and validation. The test has shown that the multicriteria and multidecision-makers' model, TenSeM, is a rational and realistic approach in solving a tender evaluation problem.

Keywords: Multicriteria; Multidecision-makers; Interactive Model; Tender Evaluation; Social Welfare Function (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/0144619032000065090 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:conmgt:v:21:y:2003:i:1:p:21-30

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCME20

DOI: 10.1080/0144619032000065090

Access Statistics for this article

Construction Management and Economics is currently edited by Will Hughes

More articles in Construction Management and Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().