Research on Risk Quantification of Comprehensive Unit Price Based on Fuzzy Theory

An-na Dai () and Ling Yan
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An-na Dai: Tianjin University of Technology
Ling Yan: Tianjin University of Technology

A chapter in Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, 2013, pp 621-630 from Springer

Abstract: Abstract The cost of risk of comprehensive unit price of bidding control price is usually determined by the comprehensive risk factors of competent authorities without considering the bidders’ ability to undertake the risks. Comparing three kinds of Risk Quantification models, this paper points out that the comprehensive risk parameter model based on the fuzzy theory is the best way to evaluate the cost of risks. Meanwhile, on the basis of considering the characteristics of a hypothetical illustrative example, this paper provides optimized model by combining risks with the rate of profit, which will improve the veracity of bidding control price.

Keywords: Bidding control price; Comprehensive unit price; Fuzzy theory; Risk (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40072-8_62

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DOI: 10.1007/978-3-642-40072-8_62

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