A Grey Decision Model Used in Bidding for Equipment Purchase

Bidding has long been used as a method for allocating and procuring goods and services. An acurrate and comprehensive evaluation of bidders is the key to make the bidding a successful one for tenderee. However, evaluation of bidders is a tough work and the result of evaluation is always affected by the evaluator’s understanding of the standards set for evaluation, and the evaluator’s expertise, experience and preferrence. We make an effort to find a method for selecting bidders as accurately as possible. A grey decision model is presented, and an example is illustrated to make the practioners know how to use the model.