Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement

The work is aimed at solving the actual problem of estimating the optimal offer price with participation in tenders on electronic platforms. The proposed approach is based on the use of the Monte Carlo method for simulation in order not only to adequately assess the cost of the proposed project, but...

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Autor principal: A. N. Kislyakov
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019
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Acceso en línea:https://doaj.org/article/16f8c82082b04cafa07d720f584a6b78
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spelling oai:doaj.org-article:16f8c82082b04cafa07d720f584a6b782021-11-12T10:46:10ZSimulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement1726-11391816-859010.22394/1726-1139-2019-5-53-62https://doaj.org/article/16f8c82082b04cafa07d720f584a6b782019-07-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1106https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The work is aimed at solving the actual problem of estimating the optimal offer price with participation in tenders on electronic platforms. The proposed approach is based on the use of the Monte Carlo method for simulation in order not only to adequately assess the cost of the proposed project, but also to predict the demand for the project under different conditions, as well as to simulate the behavior and intentions of the auction participants. The constructed model allows us to study the pricing mechanism on electronic trading platforms. With the help of the presented simulation methods, the estimation of the optimal price of the contract proposal depending on the number of competitors and the contract value, as well as the intentions of the competitors’ participation in the auction, the simulation results are presented.A. N. KislyakovNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlestate and municipal ordersimulation modelingmonte carlo methodPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 5, Pp 53-62 (2019)
institution DOAJ
collection DOAJ
language EN
RU
topic state and municipal order
simulation modeling
monte carlo method
Political institutions and public administration (General)
JF20-2112
spellingShingle state and municipal order
simulation modeling
monte carlo method
Political institutions and public administration (General)
JF20-2112
A. N. Kislyakov
Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
description The work is aimed at solving the actual problem of estimating the optimal offer price with participation in tenders on electronic platforms. The proposed approach is based on the use of the Monte Carlo method for simulation in order not only to adequately assess the cost of the proposed project, but also to predict the demand for the project under different conditions, as well as to simulate the behavior and intentions of the auction participants. The constructed model allows us to study the pricing mechanism on electronic trading platforms. With the help of the presented simulation methods, the estimation of the optimal price of the contract proposal depending on the number of competitors and the contract value, as well as the intentions of the competitors’ participation in the auction, the simulation results are presented.
format article
author A. N. Kislyakov
author_facet A. N. Kislyakov
author_sort A. N. Kislyakov
title Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
title_short Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
title_full Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
title_fullStr Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
title_full_unstemmed Simulation of Optimum Offer Prices in the Contract System in State and Municipal Procurement
title_sort simulation of optimum offer prices in the contract system in state and municipal procurement
publisher North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate 2019
url https://doaj.org/article/16f8c82082b04cafa07d720f584a6b78
work_keys_str_mv AT ankislyakov simulationofoptimumofferpricesinthecontractsysteminstateandmunicipalprocurement
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