With regard to all invitation for public transport of bidding project,Monte Carlo simulation is conducted to in a multi—competitor bid.Probability distributions of cost and quoted price for all competitors are used in the sireu|ation.The profit distribution,wining probability and the optimum bid ale obtained via the simulation software encoded by the writer to assist bid decision—making.
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references
Gattoma J.ne Cower Handbook of Logistics and Distribution Management[M].Great Britain:Cower PublishingCompany,1990.