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  • 标题:Modeling bidding decision in engineering field with incomplete information: A static game–based approach
  • 本地全文:下载
  • 作者:Zhi-xing Huang
  • 期刊名称:Advances in Mechanical Engineering
  • 印刷版ISSN:1687-8140
  • 电子版ISSN:1687-8140
  • 出版年度:2016
  • 卷号:8
  • 期号:1
  • DOI:10.1177/1687814015624830
  • 语种:English
  • 出版社:Sage Publications Ltd.
  • 摘要:Corporate investment decision about engineering projects is a key issue for project management. This article aims to study the process of bidding decision-making in engineering field under the condition of incomplete information and investigating the influence of bidders’ game behaviors on investment decision. With reasonable assumed scenes, this article uses an approach to describe the decision process for bidding. The approach is based on the static game theory. With the proposed model, the effectiveness of game participants and the objective function are put forward, and the characteristics of price quotation and the best strategies of bidders under the equilibrium condition are discussed. The results can give a better understanding of investment decision in engineering management and are helpful for tenderees to avoid excessive competition among bidders.
  • 关键词:Transport engineering; investment decision; game theory; incomplete information; project management
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