Risk-Sensitive Competitive Bidding Model and Impact of Risk Aversion and Cost Uncertainty on Optimum Bid
Author:
Affiliation:
1. Professor, Dept. of Civil and Environmental Engineering, Univ. of Michigan, 2000 G.G. Brown Bldg., Ann Arbor, MI 48109-2125. ORCID: .
Publisher
American Society of Civil Engineers (ASCE)
Subject
Strategy and Management,Industrial relations,Building and Construction,Civil and Structural Engineering
Link
http://ascelibrary.org/doi/pdf/10.1061/%28ASCE%29CO.1943-7862.0002244
Reference36 articles.
1. Competitive Bidding: The Probability of Winning
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4. Friedman and Gates—Another Look
5. Delquié P. 1986. “Statistical exploration of ‘certainty effects’ on utility assessments.” Accessed October 19 2021. https://mit.primo.exlibrisgroup.com/permalink/01MIT_INST/ejdckj/alma990002746610106761.
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