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Probabilistic-Possibilistic Approach to the Optimal Selection of a Contractor
Yugoslav journal of operations research, Tome 6 (1996) no. 1, p. 129
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This paper deals with the problem of the optimal choice among building contractor firms tendering for a construction project . The probability and possibility of such firms completing a project in a given period of time is considered. The completion of a job is treated as a fuzzy event The procedure for ascertaining the expected time for the completion of a project at the expected cost of the project is based upon the probability and possibility theory. The selection of a contractor is made upon the minimal expected cost criterion. Following these assumptions a computer program has been created. The example in the paper illustrates the program.
Keywords: Fuzzy sets, possibility theory , bidding competition, selection of a contractor 
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     author = {\v{Z}ivojin Pra\v{s}\v{c}evi\'c and Sonja Petrovi\'c - Lazarevi\'c},
     title = {Probabilistic-Possibilistic {Approach} to the {Optimal} {Selection} of a {Contractor}},
     journal = {Yugoslav journal of operations research},
     pages = {129 },
     year = {1996},
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     language = {en},
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Živojin Praščević; Sonja Petrović - Lazarević. Probabilistic-Possibilistic Approach to the Optimal Selection of a Contractor. Yugoslav journal of operations research, Tome 6 (1996) no. 1, p. 129 . http://geodesic.mathdoc.fr/item/YJOR_1996_6_1_a10/