Modeling software bidding risks

We discuss a method of developing a software bidding model that allows users to visualize the uncertainty involved in pricing decisions and make appropriate bid/no bid decisions. We present a generic bidding model developed using the modeling method. The model elements were identified after a review...

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Bibliographic Details
Published in:IEEE transactions on software engineering 2003-06, Vol.29 (6), p.542-554
Main Authors: Kitchenham, B., Pickard, L.M., Linkman, S., Jones, P.W.
Format: Article
Language:English
Subjects:
Bids
Computer industry
Computer programs
Computer Society
Contingent fees
Costs
Decisions
Estimates
Mathematical models
Monte Carlo simulation
Portfolio management
Portfolios
Pricing
Project management
Risk
Risk management
Software
Software development management
Software engineering
Software industry
Studies
Uncertainty
Values
Visualization
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Description
Summary:We discuss a method of developing a software bidding model that allows users to visualize the uncertainty involved in pricing decisions and make appropriate bid/no bid decisions. We present a generic bidding model developed using the modeling method. The model elements were identified after a review of bidding research in software and other industries. We describe the method we developed to validate our model and report the main results of our model validation, including the results of applying the model to four bidding scenarios.
ISSN:0098-5589
1939-3520
DOI:10.1109/TSE.2003.1205181