Abstracts

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A framework for demand point and solution space aggregation analysis for location models

Article Abstract:

By minimizing some location objective function subject to upper bounds on other location constraints many location problems can be formulated. A method to solve a relaxation and a restriction of the aggregated problem to obtain lower and upper bounds on the optimal value of the actual problem is explained.

Research and Development in the Social Sciences and Humanities, Management & Information Science, Management Science, Industrial locations, Industrial location

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Simple probability models for project contracting

Article Abstract:

Price setting process through sealed bids mechanism for subcontracts of project activities is analyzed. A parsimonious stochastic model is used to compare expected price bids for three types of subcontracts, fixed price, cost plus, and menu contracts.

United States, Management dynamics, Management consulting services, Pricing Policy, Contract Administration, Management, Usage, Pricing, Contracts, Company business management, Subcontracting, Stochastic processes, Contract management, Product price

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