Liu, S. L.; Wang, S. Y.; Lai, K. K. - In: Construction Management and Economics 23 (2005) 4, pp. 347-353
In choosing a bidding strategy, the original multivariate approach cannot handle a more general and usual bidding situation when the mean value of the bid price for the strategic bidder is not zero. This problem is solved by extending the original approach, assuming that the cost estimate is...