A genetic local search approach to the bid evaluation problem in an automated contracting environment

• Main Author: Alvarez, Maria Fe R.
• Format: text
• Language: English
• Published: Animo Repository 2002
• Subjects: Genetic algorithms; Combinatorial optimization; Contracts; Letting of; Construction industry > Automation; Databases and Information Systems
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/2920
• Institution: De La Salle University

In automated contracting, bid evaluation is a difficult task because finding the optimal set of bids which can be composed into a feasible plan requires taking into account time constraints and risk estimates in addition to price. A simulated annealing-based approach has been implemented to deal wit...