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| Determining the Minimum Bid Price for
Projects Involving Analysis from Multiple Locations Author: Mohammad M. Amini and Gaylon Greer Start Page: 265 Abstract: This paper presents a
mathematical model and a solution methodology for determining the minimum fee, the best
project duration time, and the optimal number of analysts for projects that involve travel
to multiple sites or subcontracts with analysts from geographically dispersed locations.
Computational experiments with the solution algorithm on twenty-seven randomly generated
projects show that (a) the solution methodology efficiently provides an optimal solution,
and (b) it provides decisionmakers with alternative next best plans through ex post
sensitivity analysis. |
