Bidding Models Analysis on Ship Repair Projects (Friedman and Ackoff & Sasieni Models)

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  • Aditya Maharani Politeknik Perkapalan Negeri Surabaya
  • Fitri Hardiyati PPNS
  • Ali Subagyo PPNS
Keywords: tender, bidding strategy, probability of winning, expected profit, mark up

Abstract

The existence of a ship project carried out with a tender system by the LPSE allows all shipyard industries to bid on the project, this causes the chances of winning to become smaller, the determination of the tender price greatly determines the size of the profit that can be obtained and the percentage of the possibility of winning the project in a shipping industry. Therefore, the strategy of determining the bid price is very important. The statistical method used is multi discrete distribution, and multi normal distribution, while the bidding model uses Friedman (1956) and Ackoff & Sasieni (1968) models.

The results obtained the best bid price strategy to win an auction or tender is the model that produces the lowest optimum mark-up, namely the Friedman model with multi normal distribution, while for Ackoff & Sasieni it produces a higher bid than the Friedman model except in certain company conditions.

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Published
2021-07-31
How to Cite
Maharani, A., Hardiyati, F., & Subagyo, A. (2021). Bidding Models Analysis on Ship Repair Projects (Friedman and Ackoff & Sasieni Models). Tibuana, 4(02), 104-109. https://doi.org/10.36456/tibuana.4.02.4011.104-109
Section
Articles