Analysts' Manual for the Multiple-Bid Evaluation Model for Procurement Planning and Placement.
Abstract
This report documents the Multiple-Bid Evaluation Model (MBEM) as adapted and used by the JCAP Production and Mobilization Planning Division. The model uses dynamic programming to conduct bid analyses for selection of a combination of suppliers to be awarded portions of a total contract. These analyses include the finding of least cost and next least cost solutions for the total requirement and for fractions of the total requirement. In the case of procuring a single item for a single buy period, the model can also find least and next least costs for each possible number of suppliers. This additional analysis enables management to evaluate the costs of using additional suppliers in order to have a broader production base. The model consists of four independent computer programs for the following situations: (1) a single buy period and a single type item; (2) two buy periods, or two items for one buy period; (3) three buy periods, or three items for one buy period; and (4) a version of Program 1 which finds least cost and next least cost solutions for each possible number of bidders to be selected. This volume contains: MBEM mathematical formulations and the computational methods used; Flowcharts for each program; and Computer listings complete with comments and identification of variables.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1977
- Accession Number
- ADA046586
Entities
People
- George B. Robinson
- John B. Todaro