Date of Award:
5-1973
Document Type:
Thesis
Degree Name:
Master of Business Administration (MBA)
Department:
Management
Department name when degree awarded
Business Administration
Committee Chair(s)
Gene Kartchner
Committee
Gene Kartchner
Committee
Allen Kartchner
Abstract
The purpose of this paper is to demonstrate a model for competitive bidding. The model is based upon a thorough knowledge of the competitors. The model is designed to optimize a solution, given the desired profit and the minimum probability of success. Various cases are considered showing how the quantitative and qualitative nature of the competitors' bidding history may influence the final optimized solution.
In order to optimize a solution, a reduction in total manhours is usually needed. The reduction in manhours increases the risk of a cost overrun upon job completion. The magnitude of the risk, as well as the final optimized solution, was shown to be a function of the type of contract to be negotiated.
Recommended Citation
Kerzner, Harold, "Operations Research Model for Competitive Bidding" (1973). All Graduate Theses and Dissertations, Spring 1920 to Summer 2023. 9004.
https://digitalcommons.usu.edu/etd/9004
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