A multicriteria risk-based dss for bidding using mixed integer programming

Abstract

This work presents a Decision Support System to provide help in bidding processes. This phase of the project is characterised by a high level of uncertainty and it involves a huge expense in the preparation of the proposal and important mobilization of resources. In industrial practice, bids are usually evaluated on the basis of multiple criteria; this algorithm evaluates candidates according to different criteria configurations. A risk-based approach has been incorporated in the procedure in order to minimise an objective function that involves the mitigation actions of risks. Mitigation actions can own a discrete or continuous nature.