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Full-Text Articles in Engineering
An Agent-Based Model To Study Competitive Construction Bidding And The Winner's Curse, Amr Elsayegh, Cihan H. Dagli, Islam H. El-Adaway
An Agent-Based Model To Study Competitive Construction Bidding And The Winner's Curse, Amr Elsayegh, Cihan H. Dagli, Islam H. El-Adaway
Engineering Management and Systems Engineering Faculty Research & Creative Works
Reverse auction theory is the basis for competitive construction bidding process. The lowest bid method is utilized for selecting contractors in public projects. The winning contractor having the lowest bid value could be cursed when the submitted bid value results in negative profits. This is caused by many factors such as the contractor's estimation accuracy and markup. This is addressed in this paper by providing a model simulating the construction competitive bidding and the occurrence of the winner's curse. To this end, the authors show the extent to which the winner's curse affects the status of contracting companies. The objectives …
A System-Of-Systems Model To Simulate The Complex Emergent Behavior Of Vehicle Traffic On An Urban Transportation Infrastructure Network, Rayan Assaad, Cihan H. Dagli, Islam H. El-Adaway
A System-Of-Systems Model To Simulate The Complex Emergent Behavior Of Vehicle Traffic On An Urban Transportation Infrastructure Network, Rayan Assaad, Cihan H. Dagli, Islam H. El-Adaway
Engineering Management and Systems Engineering Faculty Research & Creative Works
Transportation agencies face escalating challenges in forecasting the traffic demand. Traditional prediction methods focused on individual transportation sectors and failed to study the inter-dependencies between the different transportation systems. Hence, there is a need for more advanced and holistic modeling techniques. To this end, this paper models and analyses an urban transportation system-of-systems incorporating seven various systems: population and GDP, CO2 emission, gasoline price and total vehicle trips, traffic demand, public and private transportation, transportation investment, and traffic congestion. Accordingly, this research simulates transportation networks as a collection of task-oriented systems that combine their resources to form a complex …