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Study On The Application Of Game Theory In Compound Bidding Price Decision-Making

Posted on:2009-07-17Degree:MasterType:Thesis
Country:ChinaCandidate:C H XuFull Text:PDF
GTID:2189360272470360Subject:Civil Engineering Management
Abstract/Summary:PDF Full Text Request
At present, the construction market competition has become increasingly standardized and the competition among construction enterprises has become more and more fierce, the risk of the project contracting is more and more high,and the profits is more and more thin. Construction companies if want to be survival and develop in the competition must determine the most competitive offer in the bidding process. If Price is too high, it is necessary to lose the opportunity of tender; On the other hands, the too low bid is likely to lose the profit.Game Theory (GameTheory), also known as decision-making is the main decision-making in the interaction between the main parties how to carry out the decision-making and decision-making theory of balance. Different from other theoretical, game theory stressed that the main parties in decision-making strategy of interdependence, that is, any one of the main decision-making must take into account other player's strategy basis to determine their own optimal strategy. the essence of Game theory is that a rational decision-makers must consider the other player's reaction on the basis of the best to choose their own course of action. The so-called balance of all participants in the Bureau of the optimal portfolio strategy, the result of a balanced result, it may not be the Bureau of the parties and to maximize the overall interests of, but it has been in the information and knowledge to the conditions An inevitable result, any change in the balance are willing to make themselves a worse outcome.Based on the background above, from theoretical and practical aspects, and form a tender decision-making methods in Game theory. First of all, from the tender offer procedure, the article introduced the content of resilience detailed list valuation, expounded import role of resilience detailed list valuation in our country. Second, it analyzed the risk of the tender offer, and use the method of fuzzy comprehensive evaluation, calculate the rate of risk compensation.Third, it introduced the idea of Game Theory, analyze some of application of Game Theory, and explain some phenomenons of project bid with Game Theory.At last, it established a modle of engineering tender offer and, through empirical analysis to verify the feasibility and accuracy of the model.
Keywords/Search Tags:Game Theory, tender offer, risk profit rate, compound bid
PDF Full Text Request
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