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Orangia highways (A)

Author: Péter Esö; Peter Klibanoff; Karl Schmedders; Graeme Hunter, Dr.
Publisher: London : Kellogg School of Management, 2006.
Series: SAGE Knowledge., Cases.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In part A of this case, highway procurement auctions are analyzed from the perspective of the buyer-auctioneer. The case provides the results of a regression in which the ratio of the project's price to its estimated cost is regressed on a number of project attributes (including estimated costs, duration, and number of bidders). Students are asked to establish basic facts regarding this estimated relationship  Read more...
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Details

Genre/Form: Case studies
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Péter Esö; Peter Klibanoff; Karl Schmedders; Graeme Hunter, Dr.
ISBN: 9781526449665 1526449668
OCLC Number: 1023552502
Notes: Originally published in Esö, P., Klibanoff, P., Schmedders, K., & Hunter, G. (2006). Orangia highways (A). 5-106-007(A). Evanston, IL: Kellogg School of Management at Northwestern University.
Description: 1 online resource.
Series Title: SAGE Knowledge., Cases.
Responsibility: Péter Esö, Peter Klibanoff, Karl Schmedders, Graeme Hunter.

Abstract:

In part A of this case, highway procurement auctions are analyzed from the perspective of the buyer-auctioneer. The case provides the results of a regression in which the ratio of the project's price to its estimated cost is regressed on a number of project attributes (including estimated costs, duration, and number of bidders). Students are asked to establish basic facts regarding this estimated relationship (significance of variables, confidence intervals for changes, etc.) and set up and estimate a regression model to predict the winning bid based on project attributes, and compute the probability that the actual winning price will be below the estimated cost.

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