Application of Optimization to Select Contractors to Develop Strategies and Policies for the Development of Transport Infrastructure

Mathematics

Chia-Nan Wang¹  Tien-Muoi Le¹  Han-Khanh Nguyen² 

[1] Department of Industrial Engineering and Management, National Kaohsiung University of Sciences and Technology, Chien Kung Campus, 415 Chien Kung Road, Kaohsiung 807, Taiwan;Faculty of Economics, Thu Dau Mot University, Number 6, Tran Van On Street, Phu Hoa Ward, Thu Dau Mot City 820000, Binh Duong Province, VietNam;

关键词: transport infrastructure;    develop strategies;    optimal algorithms;    business performance;   

DOI  :  10.3390/math7010098

来源: DOAJ

【 摘 要 】

Many factors influence the efficiency and quality of transport works. In particular, consultants and construction contractors of these works play important roles, and critical factors directly affect the quality of traffic works. If the quality of consultancy and construction is good, the project will reduce the total investment; if the contractor is good, the completion time of the new project is guaranteed, thus reducing construction costs. The longer the construction time is, the higher the cost of the project. In this study, the authors used optimal algorithms to evaluate past, present, and future contractors’ technical, technological, and performance effectiveness. Research results show that bidders are divided into three groups: highly effective bidders, stable contractors, and inefficient groups. Research results for this subject will help the government, regulatory agencies, and investors select good contractors as the basis for developing strategies and policies for the development of transport infrastructure.

【 授权许可】

Unknown