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Chua, D K H, Li, D Z and Chan, W T (2001) Case-Based Reasoning Approach in Bid Decision Making. Journal of Construction Engineering and Management, 127(01), 35–45.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)0733-9364(2001)127:1(35)
- Abstract:
Since contractors' bidding behaviors are affected by numerous factors related both to the specific features of the project and dynamically changed situations, bidding decision problems are highly unstructured. No clear rules can be found in delivering a bidding decision. In this problem domain, decisions are commonly made based upon intuition and past experience. Case-based reasoning (CBR) is a subbranch of artificial intelligence. It solves new problems by matching against similar problems that have been encountered and resolved in the past. It is a useful tool in dealing with complex and unstructured problems, which are difficult if not impossible to be theoretically modeled. This paper presents a case-based reasoning bidding system that helps contractors with the dynamic information varying with the specific features of the job and the new situation. In this system, bid cases are represented by sets of attributes derived from a preliminary survey of several experienced bidders, focusing, respectively, on two reasoning subgoals: (1) Risk; and (2) competition. Through the system, similar cases can be retrieved to assess the possible level of competition and risk margin. A hypothetical example is explained and evaluated to demonstrate the feasibility of the method. The effectiveness of this system is tested by a Monte Carlo simulation in comparison to the conventional statistical method.
El-Rayes, K and Moselhi, O (2001) Optimizing Resource Utilization for Repetitive Construction Projects. Journal of Construction Engineering and Management, 127(01), 18–27.
Gambatese, J A and James, D E (2001) Dust Suppression Using Truck-Mounted Water Spray System. Journal of Construction Engineering and Management, 127(01), 53–59.
Jaafari, A, Manivong, K K and Chaaya, M (2001) VIRCON: Interactive System for Teaching Construction Management. Journal of Construction Engineering and Management, 127(01), 66–75.
Jaselskis, E J, Han, H C, Grigas, J, Tan, L and Fahrion, D (2001) Status of Roller Mountable Microwave Asphalt Pavement Density Sensor. Journal of Construction Engineering and Management, 127(01), 46–52.
Peña-Mora, F and Li, M (2001) Dynamic Planning and Control Methodology for Design/Build Fast-Track Construction Projects. Journal of Construction Engineering and Management, 127(01), 1–17.
Senouci, A B and Adeli, H (2001) Resource Scheduling Using Neural Dynamics Model of Adeli and Park. Journal of Construction Engineering and Management, 127(01), 28–34.
Shen, L Y, Wu, G W C and Ng, C S K (2001) Risk Assessment for Construction Joint Ventures in China. Journal of Construction Engineering and Management, 127(01), 76–81.
Shi, J J, Cheung, S O and Arditi, D (2001) Construction Delay Computation Method. Journal of Construction Engineering and Management, 127(01), 60–65.
Torbica, & M and Stroh, R C (2001) Customer Satisfaction in Home Building. Journal of Construction Engineering and Management, 127(01), 82–86.