BIDDER: A Computer Program for a Contractor Selection Problem using the Hungarian Method.
PICATINNY ARSENAL DOVER N J
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The computer program BIDDER was developed to optimally select contractors for a given production item from all interested manufacturers. The program assumes that the total quantity required is known. Manufacturers are asked to submit bids on the unit price for manufacturing fixed quantities of the item. In BIDDER the number of contractors to be selected is given. An efficient algorithm was developed to determine the various combinations of the fixed quantities for the required number of bids that can exactly meet the total requirements of the item. For each combination, the well-known Hungarian Algorithm is used to determine the assignment of quantities to manufacturers that will minimize the total cost or maximize the profit. Author
- Operations Research
- Computer Programming and Software