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ERIC Number: ED102731
Record Type: RIE
Publication Date: 1972-Oct
Pages: 17
Abstractor: N/A
Reference Count: 0
On the Probability of Winning in Competitive Bidding Theory. Paper No. 379.
Brown, Keith C.
Estimating the probability that a proposed bid will win is obviously a central problem in competitive bidding theory. Unfortunately, a method for doing this, which originated with Friedman and which continues to be expounded in the literature, is logically incorrect. This paper points out the deficiency in that formulation. (Author/MLF)
Secretary of the Institute Paper Series, Krannert Graduate School of Industrial Administration, Purdue University, West Lafayette, Indiana 47907 (Paper No. 379, Free)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Purdue Univ., Lafayette, IN. Herman C. Krannert Graduate School of Industrial Administration.