Construct · 1 fields · 1 citations

Friedman bidding model: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
Friedmanbidding model1 CONSTRUCTFriedman bidding modelFRIEDMAN · CONSTRUCTION

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Construction management

model that sets a bid markup to maximize expected profit given the probability of beating competitors estimated from their past bids.

In construction management, Friedman bidding model refers to model that sets a bid markup to maximize expected profit given the probability of beating competitors estimated from their past bids. This meaning comes from Friedman (1956) in Operations Research.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how Friedman bidding model sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

construction2 fields · 3 citationsjingle · one word, two carriersmodel3 fields · 3 citationsjingle · one word, three constructsoperation1 fields · 1 citationsanchor · a standalone construct

References

  1. Friedman, L. (1956). A Competitive-Bidding Strategy. Operations Research, 4(1), 104-112. https://doi.org/10.1287/opre.4.1.104

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct