2014
EMSS 2014 Proceeding
A multi-agent model of typical competitive bidding process in construction
Authors: Ronald Ekyalimpa, Simaan AbouRizk
Abstract
At some point in the lifetime of a construction contractor company, it has to engage in a competitive bidding process as a means of acquiring work. The competitiveness of its bid ultimately determines whether or not it is awarded the project. However, prior to this, the company has to make a decision on whether or not to bid on the project. Making this decision is usually challenging, even for experienced practitioners. Moreover, generating a competitive bid is a non-trivial process. These challenges are attributed to the stochasticity and dynamics that surround the bidding process in the construction industry. A Multi-Agent Model is proposed in this paper that emulates the typical bidding process and environment. A design for the model is first presented then details on how it was implemented with AnyLogic simulation system are explained. An experiment is run to demonstrate how the model can be used.
I3M Scientific Sponsors
I3M Industrial Sponsors
I3M Media Sponsors
