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Bogus, S M, Molenaar, K R and Diekmann, J E (2006) Strategies for overlapping dependent design activities. Construction Management and Economics, 24(08), 829-37.

Grosskopf, K R and Kibert, C J (2006) Economic incentive framework for sustainable energy use in US residential construction. Construction Management and Economics, 24(08), 839-46.

Lewis, T M and Hosein, R (2006) An estimation of the size of the hidden labour force in construction in Trinidad and Tobago. Construction Management and Economics, 24(08), 805-15.

Mattar, M H and Cheah, C Y J (2006) Valuing large engineering projects under uncertainty: private risk effects and real options. Construction Management and Economics, 24(08), 847-60.

Poh, Y P and Tah, J H M (2006) Integrated duration-cost influence network for modelling risk impacts on construction tasks. Construction Management and Economics, 24(08), 861-8.

Raidén, A B, Dainty, A R J and Neale, R H (2006) Balancing employee needs, project requirements and organisational priorities in team deployment. Construction Management and Economics, 24(08), 883-95.

Sacks, R and Harel, M (2006) An economic game theory model of subcontractor resource allocation behaviour. Construction Management and Economics, 24(08), 869-81.

Skitmore, M and Runeson, G (2006) Bidding models: testing the stationarity assumption. Construction Management and Economics, 24(08), 791-803.

  • Type: Journal Article
  • Keywords: Bidding; behaviour; parameters; cusum method; deficit statistic
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190600680432
  • Abstract:

    With notably few exceptions, bidding models contain probability distributions with parameters that are assumed to be fixed, or stationary, over time. Some methods of testing the tenability of this assumption are examined and applied to eight datasets. Of particular interest is the statistical significance of two types of periodicity: (1) that bidders gradually reduce their bids prior to winning a contract; and (2) that bidders have periods in which they are more competitive and periods in which they are less competitive. To test (1), McCaffer and Pettitt’s (1976) cusum method is used and shown to have a limited interpretation in this context. McCaffer’s ‘deficit’ statistic is then used in conjunction with a one‐way analysis of variance (ANOVA) and shows (1) to be untenable for the samples involved. To test (2), the deficit statistic is again used with an ANOVA to examine all possible sub‐series of bids.

Zhang, S B and Liu, A M M (2006) Organisational culture profiles of construction enterprises in China. Construction Management and Economics, 24(08), 817-28.