Proceedings of the 2016 International Conference on Education, Management Science and Economics

Utility Function Evaluation on Economic Variables-Construction Bidding Portfolios for Contractor Project Management

Authors
Chih-Hsien Lin, Yao-Kuang Chen
Corresponding Author
Chih-Hsien Lin
Available Online December 2016.
DOI
https://doi.org/10.2991/icemse-16.2016.13How to use a DOI?
Keywords
Bidding strategy, economic analysis, utility function
Abstract
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.

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Proceedings
2016 International Conference on Education, Management Science and Economics
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
December 2016
ISBN
978-94-6252-275-6
ISSN
2352-5398
DOI
https://doi.org/10.2991/icemse-16.2016.13How to use a DOI?
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  -