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A robust methodology for estimating the value of service reliability improvements is presented. Although econometric models for estimating value of service (interruption costs) have been established and widely accepted, analysts often resort to applying relatively crude interruption cost...
Persistent link: https://www.econbiz.de/10009437330
Projects are commonly over budget and behind schedule, to some extent because uncertainties are not accounted for in cost and schedule estimates. Research and practice is now addressing this problem, often by using Monte Carlo methods to simulate the effect of variances in work package costs and...
Persistent link: https://www.econbiz.de/10009450640
Privately Financed Infrastructure (PFI) projects are characterized by huge and irreversible investments and are faced with various risks. Project performance risks, such as project completion time and costs, affect the project value significantly, particularly in project development phase. This...
Persistent link: https://www.econbiz.de/10009450690
Die Komplexit?t ist mehr in jeder Hinsicht und darf nicht "simplifziert" werden. Das Ziel dieser empirischen Studie ist eine Antwort auf die Fragen zu finden, ob die objektiv-rationale Komplexit?tsbew?ltigung im Multiprojektmanagement an ihre Grenzen st??t und, daraus abgeleitet, wie...
Persistent link: https://www.econbiz.de/10009482330
Engineering and Applied Sciences … rule in an iterative auction is to suppress strategic behavior by bidders and promote simple, continual, meaningful bidding … notion of strong activity rules, which allow simple, consistent bidding strategies while precluding all behaviors that cannot …
Persistent link: https://www.econbiz.de/10009431900
A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to …
Persistent link: https://www.econbiz.de/10009437646
possible value in strategic bidding; providing an indication of mistakes in bids; determining a justifiable amount of bid … provides overwhelming evidence in favor of the dominance of inherent variability in bidding. …
Persistent link: https://www.econbiz.de/10009437814
Bidding is a very competitive process in the construction industry; eachcompetitor’s business is based on winning or … historicaldata for a certain year for bidding on certain type of projects, the unit prices may beadjusted for size, time and location …, but the basis for bidding on projects of similar typesis the same. Statistical tools can be used to model the underlying …
Persistent link: https://www.econbiz.de/10009465197
group of pre-qualified suppliers, there is a lack of understanding of the impact of dynamic bidding process on procurement … outcomes and bidding behavior. To extend the knowledge of this important issue, in this thesis, we explore empirically the … bidding behavior and examine the effect of incumbent status on bidding. First, we collect detailed auction and contract …
Persistent link: https://www.econbiz.de/10009475951
With notably few exceptions, bidding models contain probability distributions with parameters that are assumed to be …
Persistent link: https://www.econbiz.de/10009483256