Journal of Guangdong University of Technology ›› 2010, Vol. 27 ›› Issue (1): 90-93.

• Comprehensive Studies • Previous Articles     Next Articles

Simulation in Bid Decision-making of Public Transport Bidding Project

  

  1. Faculty ofCivil Engineering and Transportation，Guangdong University ofTechnology，Guangzhou 510006，China
  • Online:2010-03-25 Published:2010-03-25

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Abstract: With regard to all invitation for public transport of bidding project，Monte Carlo simulation is conducted to in a multi—competitor bid．Probability distributions of cost and quoted price for all competitors are used in the sireu|ation．The profit distribution，wining probability and the optimum bid ale obtained via the simulation software encoded by the writer to assist bid decision—making．

Key words: transport；inviting public bidding and bit；Monte Carlo simulation

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