A multi‐criteria model for bidding evaluation

Purpose – The purpose of this paper is to provide a multi‐criteria bidding evaluation model based on Istanbul 2010 PR selection problem to strike a balance among conflicting criteria and to aggregate opinions held by a group of decision makers.Design/methodology/approach – In the study, analytic hierarchy process (AHP) methodology was used to settle the conflict properly. The evaluation criteria were transformed into a hierarchical form and their relative weights were calculated and synthesized for the final ranking of the bidders. Then a linear interpolation‐based spreadsheet model was combined with findings of the AHP to fairly select best bidders.Findings – The paper demonstrates that the hierarchical structure of the AHP methodology can successfully resolve the conflict among evaluation criteria and measure relative importance of the criteria by taking into account the preference of the decision makers. Moreover, a linear interpolation methodology can evaluate quoted bid prices fairly and can help to ...

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