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Chan, W, Chua, D K H and Kannan, G (1996) Construction Resource Scheduling with Genetic Algorithms . Journal of Construction Engineering and Management, 122(02), 125–32.

Dozzi, S P, AbouRizk, S M and Schroeder, S L (1996) Utility-Theory Model for Bid Markup Decisions . Journal of Construction Engineering and Management, 122(02), 119–24.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1996)122:2(119)
  • Abstract:
    A utility theory model, which is one of three generic methods for bid markup determination, is developed using 21 criteria in the bidding decision. The majority of the criteria are evaluated subjectively by a decision maker, and numerical quantification and evaluation is typically difficult for such criteria. Previous works of Saaty, Lifson and Shaifer, and Ahmad and Minkarah are used to develop a simplified approach using straight-line utility functions to resolve such difficulty. This bidding model accommodates the variation of different decision makers' attitude in the weighting of criteria, and thus the model can be customized to different preferences and bias of risk. Considering the subjectivity of the process, the writers consider the accuracy of this approach to be acceptable for the use of utility theory as one of the decision making tools that are available to assist the construction contractor in determination of bid(s) markup during bid preparation.

Elazouni, A M and Basha, I M (1996) Evaluating the Performance of Construction Equipment Operators in Egypt . Journal of Construction Engineering and Management, 122(02), 109–14.

Everett, J G and Frank, P B (1996) Costs of Accidents and Injuries to the Construction Industry . Journal of Construction Engineering and Management, 122(02), 158–64.

Everett, J G and Saito, H (1996) Construction Automation: Demands and Satisfiers in the United States and Japan . Journal of Construction Engineering and Management, 122(02), 147–51.

Farmer, I W (1996) Performance of Chain Trenchers in Mixed Ground . Journal of Construction Engineering and Management, 122(02), 115–8.

Hinze, J and Bren, D (1996) Analysis of Fatalities and Injuries Due to Powerline Contacts . Journal of Construction Engineering and Management, 122(02), 177–82.

Hinze, J and Nelson, A (1996) Enhancing Performance of Soundless Chemical Demolition Agents . Journal of Construction Engineering and Management, 122(02), 193–5.

Navon, R, Rubinovitz, Y and Coffler, M (1996) Fully Automated Rebar CAD/CAM System: Economic Evaluation and Field Implementation . Journal of Construction Engineering and Management, 122(02), 101–8.

Paek, J H and Ock, J H (1996) Innovative Building Construction Technique: Modified Up/Down Method . Journal of Construction Engineering and Management, 122(02), 141–6.

Pocock, J B, Hyun, C T, Liu, L Y and Kim, M K (1996) Relationship between Project Interaction and Performance Indicators . Journal of Construction Engineering and Management, 122(02), 165–76.

Russell, J S and Zhai, H (1996) Predicting Contractor Failure Using Stochastic Dynamics of Economic and Financial Variables . Journal of Construction Engineering and Management, 122(02), 183–91.

Warszawski, A (1996) Strategic Planning in Construction Companies . Journal of Construction Engineering and Management, 122(02), 133–40.

Wolters, R S and Burleson, R C (1996) Merit Shop Recruitment and Selection Practices in Alabama . Journal of Construction Engineering and Management, 122(02), 152–7.