Accession Number : AD0452673

Title :   A DYNAMIC PROGRAMMING APPROACH TO BID EVALUATION IN PROCUREMENT,

Descriptive Note : Memorandum rept.

Corporate Author : ARMY BALLISTIC RESEARCH LAB ABERDEEN PROVING GROUND MD

Personal Author(s) : Sacco, William J.

Report Date : SEP 1964

Pagination or Media Count : 15

Abstract : A dynamic programming solution is given for a bid evaluation problem involving n vendors. The model includes set-up costs, multi-level bids, and certain shipping costs. (Author)

Descriptors :   (*DYNAMIC PROGRAMMING, PROCUREMENT), (*PROCUREMENT, AMMUNITION), COSTS.

Distribution Statement : APPROVED FOR PUBLIC RELEASE