Research Reports from the Department of Operations
Document Type
Report
Publication Date
1-1-1964
Abstract
The R and D contract award and bidding decision process is studied from the points of view of bidders and customers. Competitive bidding models are developed which incorporate such factors as probability of contract award, level of resource utilization, and expected return. Conditions and methods for estimating the probability of contract award are presented. Competitive bidding strategies for the cases of known and unknown numbers of bidders and single and multi-proposal situations are investigated. [Likely published circa 1964.]
Keywords
Operations research, Letting of contracts, Contracts, Resource allocation, Mathematical models, Decision making, Probabilities
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 20
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Dean, Burton V., "Contract Award and Bidding Strategies" (1964). Research Reports from the Department of Operations. 101.
https://commons.case.edu/wsom-ops-reports/101