Brief Report
Dec 1977
Gates' Bidding Model—A Monte Carlo Experiment?
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VIEW THE REPLYPublication: Journal of the Construction Division
Volume 103, Issue 4
Abstract
Recently, Gates described several simulation experiments in an attempt to demonstrate the superiority of Gates. model over Friedman.s model to determine the probability of winning a construction contract letting. This note explains why Gates. paper misrepresents Friedman.s model; does not display a sound comprehension of the basic tenets f probability; misinterprets the results from an unnecessary simulation; and wrongly pronounces the validity of Gates. model. The reader is assumed to have read Gates. paper, as references to equations and tables in it shall be made.
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Published In
Journal of the Construction Division
Volume 103 • Issue 4 • December 1977
Pages: 647 - 651
Copyright
© 1977 American Society of Civil Engineers.
History
Published in print: Dec 1977
Published online: Feb 11, 2021
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Authors
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Michael Fuerst
Constr. Engrg., Research Lab., Champaign, Ill.
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