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논문 기본 정보

자료유형
학술저널
저자정보
Sunghyuk Park (University of Reading) Sangyong Kim (University of Reading)
저널정보
대한건축학회 ARCHITECTURAL RESEARCH ARCHITECTURAL RESEARCH Vol.13 No.3
발행연도
2011.9
수록면
49 - 56 (8page)

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초록· 키워드

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Competitive bidding in construction is concerned with contractors making strategic decisions in respect of determination of bid price if contractors opt to bid. This study presents a strategy model for deciding optimum tender price with reflecting appropriate profit in competitive bidding using Bayesian regression analysis (BRA). The purpose of the developed model is to help contractors to secure suitable profitability by predicting the actual profit based on key variables. They may affect construction cost at bidding phase, ultimately which help contractors to secure high quality output. The model was tested empirically by application to a bidding dataset collected from a large South Korea contractor. BRA allows contractors to estimate more accurate actual profit by reflecting not only objective information but also subjective experiences and judgments. Consequently, the model can contribute to improvement of decision-making process for setting an optimum tender price.

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Abstract
1. INTRODUCTION
2. RESEARCH BACKGOUND
3. METHODOLOGY
4. DATA COLLECTION AND ANALYSIS
5. SIMULATION
6. SUMMARY AND CONCLUSION
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