Utility Function Evaluation on Economic Variables-Construction Bidding Portfolios for Contractor Project Management
Chih-Hsien Lin, Yao-Kuang Chen
Available Online December 2016.
- https://doi.org/10.2991/icemse-16.2016.13How to use a DOI?
- Bidding strategy, economic analysis, utility function
- The work of contractors mainly comes from bidding strategy, they take this as the main process of the construction project life cycle. And also, it is the most important part to be discussed in the construction management field. This case study considers the economic environment changes, objectively uses the economic analysis of financial management and further subjectively evaluates the utility function to get the optimal return rate and the bid price at the maximum expected utility increasing under interest rate, inflation rate, reinvestment rate and other economic environment variables, to help decision-makers can make the most suitable and competitive bidding decision.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Chih-Hsien Lin AU - Yao-Kuang Chen PY - 2016/12 DA - 2016/12 TI - Utility Function Evaluation on Economic Variables-Construction Bidding Portfolios for Contractor Project Management BT - 2016 International Conference on Education, Management Science and Economics PB - Atlantis Press SP - 56 EP - 59 SN - 2352-5398 UR - https://doi.org/10.2991/icemse-16.2016.13 DO - https://doi.org/10.2991/icemse-16.2016.13 ID - Lin2016/12 ER -