A spherical fuzzy objective weighting framework for factors affecting bidding decisions for construction projects: A case study of Taiwan

In response to the intensely competitive bidding environment in Taiwan's construction industry, this study innovates with a spherical fuzzy extension of the modified CRITIC method (SFmCRITIC), a pioneering approach crafted to refine the decision-making process. The research centers on the pivotal role of accurately weighting various significant factors, such as financial stability, market insight, and specialized expertise, to optimize bid success rates. The SFmCRITIC method stands out by quantitatively incorporating the uncertainty and subjectivity typically encountered in bid evaluation. The findings from this methodological application demonstrate a clear hierarchy of influencing factors, offering a nuanced view of strategic priorities for construction firms. This hierarchical understanding not only aids firms in targeted resource distribution and strategic development but also holds promise for adaptation in diverse industry contexts beyond Taiwan, potentially revolutionizing bidding strategies at a global scale.

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Publication Details

Journal
Heliyon
Published
2024-08-01
DOI
https://doi.org/10.1016/j.heliyon.2024.e36420
Citations
3
Primary Topic
Multi-Criteria Decision Making
Type
article
Field-Weighted Citation Impact
1.47

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article

A spherical fuzzy objective weighting framework for factors affecting bidding decisions for construction projects: A case study of Taiwan

Yih-Tzoo Chen, Thi-Hien Dao, I. Chiu
3 citations
Heliyon
Multi-Criteria Decision Making
1.47
article

A spherical fuzzy objective weighting framework for factors affecting bidding decisions for construction projects: A case study of Taiwan

Yih-Tzoo Chen, Thi-Hien Dao, I. Chiu
article en
3 citations

Abstract

In response to the intensely competitive bidding environment in Taiwan's construction industry, this study innovates with a spherical fuzzy extension of the modified CRITIC method (SFmCRITIC), a pioneering approach crafted to refine the decision-making process. The research centers on the pivotal role of accurately weighting various significant factors, such as financial stability, market insight, and specialized expertise, to optimize bid success rates. The SFmCRITIC method stands out by quantitatively incorporating the uncertainty and subjectivity typically encountered in bid evaluation. The findings from this methodological application demonstrate a clear hierarchy of influencing factors, offering a nuanced view of strategic priorities for construction firms. This hierarchical understanding not only aids firms in targeted resource distribution and strategic development but also holds promise for adaptation in diverse industry contexts beyond Taiwan, potentially revolutionizing bidding strategies at a global scale.

HeliyonVol. 10(16)
National Kaohsiung First University of Science and Technology (TW), National Kaohsiung University of Science and Technology (TW)
National Kaohsiung University of Science and Technology
Openalex Percentile: Top 16%
Multi-Criteria Decision Making
1.47
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