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Bidding Strategy to Support Decision-Making Based on Comprehensive Information in Construction Projects

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Open access
Authors
Liang, R.
Sheng, Z.
Xu, F.
Wu, Changzhi
Date
2016
Type
Journal Article

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Liang, R. and Sheng, Z. and Xu, F. and Wu, C. 2016. Bidding Strategy to Support Decision-Making Based on Comprehensive Information in Construction Projects. Discrete Dynamics in Nature and Society. Article ID 4643630.
Source Title
Discrete Dynamics in nature and Society
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School
Department of Construction Management
Remarks

This open access article is distributed under the Creative Commons license http://creativecommons.org/licenses/by/4.0/

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Abstract

© 2016 Ru Liang et al. This paper develops a unified method to support contractor for bidding selection in construction projects. A cross-functional contractor with 28 candidate units distributed in the three departments (construction units, design units, and suppliers) is used as an example. This problem is first formulated as a 0-1 quadratic programming problem through optimizing individual performance and collaborative performance of the candidate units based on individual information and collaborative information. Then, a multiobjective evolutionary algorithm is designed to solve this problem and a bidding selection problem for a major bridge project is used to demonstrate our proposed method. The results show that the decision-maker (DM) obtains a better contractor if he pays more attention to collaborative performance.