NDLI: Research on Comprehensive Bid Evaluation of Construction Project Based on the Principal Component Analysis

Content Provider	IEEE Xplore Digital Library
Author	Nansheng Pang Yingling Shi Changming Ji
Copyright Year	2008
Description	Author affiliation: Inst. of Bus. Manage., North China Electr. Power Univ. (NCEPU), Beijing (Nansheng Pang; Yingling Shi; Changming Ji)
Abstract	The bid evaluation of construction project is a multivariate evaluation. Based on the principal component analysis which is included in multivariate statistical analysis, this paper establishes the multi-index comprehensive bid evaluation model of construction project, and proposes that how to calculate the evaluation index weight by introducing the variance contribution ratio, and that how to determine the number of principal components by making comprehensive consideration with an introduction of accumulated contribution ratio and factor load. Finally, an example is given to prove the convenience and feasibility of this bid evaluation method. This method has some characteristics: It overcomes deficiencies like large number of evaluation indexes, the overlap of the information that contained in evaluation indexes, and the determination of weight is artificial. The results of bid evaluation are objective and reasonable, which are suit for the evaluation of multi-index systems of large construction projects.
Starting Page	1
Ending Page	5
File Size	128760
Page Count	5
File Format	PDF
ISBN	9781424421077
DOI	10.1109/WiCom.2008.1291
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-10-12
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Statistical analysis Project management Pricing Energy management Principal component analysis Load modeling
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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