Genetic local search in an automated contracting environment

• Main Authors: Alvarez, Ma. Fe R., Bulos, Remedios De Dios
• Format: text
• Published: Animo Repository 2003
• Subjects: Letting of contracts—Evaluation—Automation; Computer Sciences
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/454
• Institution: De La Salle University

In automated contracting, bid evaluation is a complex process because the task of finding the optimal set of bids requires the consideration of several factors such as time constraints, risk estimates and price. There have been attempts in the recent past (such as the use of simulated-annealing) to...