Accession Number : ADA140556

Title :   The Decision for the Optimal Price in Competitive Bidding: The Case of a Korean Construction Company.

Descriptive Note : Master's thesis,


Personal Author(s) : Cha,Y Y

PDF Url : ADA140556

Report Date : Dec 1983

Pagination or Media Count : 65

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)

Descriptors :   *Management planning and control, *Economic analysis, *Contract administration, *Korea, *International relations, Company level organizations, Construction, Cost analysis, Price index, Cost models, Decision making, Optimization, Middle East, Overseas, Theses

Subject Categories : Administration and Management
      Economics and Cost Analysis
      Government and Political Science

Distribution Statement : APPROVED FOR PUBLIC RELEASE