851 B
851 B
id, aliases, tags
| id | aliases | tags | |
|---|---|---|---|
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Strategy
The field of strategy is concerned with the optimal solutions of problematic scenarios.
Decision Theory
Decision theory concerns
internal problemsno competitioninternal optimization
Game Theory
Game theory concerns decisions made in competition with other intelligent actors.
Predictions of competitor behavior in bids and market movements are made with a game-theoretic lens.
Auction Theory
Auction theory is a subset of game theory that specifically addresses the competitive bid format typical of construction project award.
In Construction Contracting
Executives inform Risk Tolerance, Risk Tolerance informs Minimum Estimate Certainty
Bid Strategy
Project cost certainty