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Article: Multiple-objective bidding strategy using goal programming technique

TitleMultiple-objective bidding strategy using goal programming technique
Authors
KeywordsCompetitive strategy
Construction industry
Contracts
Objectives
Tendering
Issue Date2008
PublisherEmerald Group Publishing Ltd. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/md/md.jsp
Citation
Management Decision, 2008, v. 46 n. 4, p. 656-672 How to Cite?
AbstractPurpose - This paper aims to provide a solution that allows a contractor to present its maximum competitiveness in meeting the multiple objectives defined by a project client in bidding for a contract. Design/methodology/approach - By applying goal programming (GP) technique, this paper presents an alternative quantitative method for assisting a contractor to find out its own most competitive strategy in bidding for construction contracts where multiple selection criteria are adopted. A goal programming optimal bidding strategy (GP-OBS) model is introduced to help a contractor generate an optimal resources allocation solution. A hypothetical example is used to show the procedures of using the model GP-OBS. Findings - This paper demonstrates that the GP technique can help contractors in producing an optimal bidding strategy which enables the contractor to present his/her maximum competitiveness in implementing project multiple objectives. Originality/value - The solution from the model helps contractors to decide the optimal level of resources to be consumed within the resource limitations. The model GP-OBS provides a new approach in assessing contractor overall competitiveness.
Persistent Identifierhttp://hdl.handle.net/10722/91957
ISSN
2015 Impact Factor: 1.134
2015 SCImago Journal Rankings: 0.909
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTan, Yen_HK
dc.contributor.authorShen, Len_HK
dc.contributor.authorLu, Wen_HK
dc.contributor.authorShen, Qen_HK
dc.date.accessioned2010-09-17T10:31:43Z-
dc.date.available2010-09-17T10:31:43Z-
dc.date.issued2008en_HK
dc.identifier.citationManagement Decision, 2008, v. 46 n. 4, p. 656-672en_HK
dc.identifier.issn0025-1747en_HK
dc.identifier.urihttp://hdl.handle.net/10722/91957-
dc.description.abstractPurpose - This paper aims to provide a solution that allows a contractor to present its maximum competitiveness in meeting the multiple objectives defined by a project client in bidding for a contract. Design/methodology/approach - By applying goal programming (GP) technique, this paper presents an alternative quantitative method for assisting a contractor to find out its own most competitive strategy in bidding for construction contracts where multiple selection criteria are adopted. A goal programming optimal bidding strategy (GP-OBS) model is introduced to help a contractor generate an optimal resources allocation solution. A hypothetical example is used to show the procedures of using the model GP-OBS. Findings - This paper demonstrates that the GP technique can help contractors in producing an optimal bidding strategy which enables the contractor to present his/her maximum competitiveness in implementing project multiple objectives. Originality/value - The solution from the model helps contractors to decide the optimal level of resources to be consumed within the resource limitations. The model GP-OBS provides a new approach in assessing contractor overall competitiveness.en_HK
dc.languageengen_HK
dc.publisherEmerald Group Publishing Ltd. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/md/md.jspen_HK
dc.relation.ispartofManagement Decisionen_HK
dc.subjectCompetitive strategyen_HK
dc.subjectConstruction industryen_HK
dc.subjectContractsen_HK
dc.subjectObjectivesen_HK
dc.subjectTenderingen_HK
dc.titleMultiple-objective bidding strategy using goal programming techniqueen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0025-1747&volume=46&issue=4&spage=656&epage=672&date=2008&atitle=Multiple-objective+bidding+strategy+using+goal+programming+technique-
dc.identifier.emailLu, W:wilsonlu@hku.hken_HK
dc.identifier.authorityLu, W=rp01362en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/00251740810865111en_HK
dc.identifier.scopuseid_2-s2.0-43149089130en_HK
dc.identifier.hkuros167714-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-43149089130&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume46en_HK
dc.identifier.issue4en_HK
dc.identifier.spage656en_HK
dc.identifier.epage672en_HK
dc.identifier.isiWOS:000258552900019-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridTan, Y=24173519000en_HK
dc.identifier.scopusauthoridShen, L=7401704702en_HK
dc.identifier.scopusauthoridLu, W=24173836000en_HK
dc.identifier.scopusauthoridShen, Q=7402933134en_HK
dc.identifier.citeulike2803241-

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