The Decision for the Optimal Price in Competitive Bidding: The Case of a Korean Construction Company.
Abstract
During recent years, there has been a surprisingly large amount of bidding for overseas projects, especially in the middle east area. This boom has contributed to the economic development of Korea. But unfortunately, the theoretical and practical studies of these fields are still unsatisfactorily developed. Also the recognition of the scientific factors in the pricing problems by the decision makers is not complete. So, to be successful in this field, management must concentrate their efforts on improving the management system. The purposes of this thesis are; first, to provide a method of determining an optimal competitive bid by a scientific approach, and second, bidding to provide a total system including effectiveness, competitiveness and efficiency. The model presented here can certainly be a powerful and effective tool for competitiveness. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1983
- Accession Number
- ADA140556
Entities
People
- Y. Y. Cha
Organizations
- Naval Postgraduate School