USING A LOGIT MODEL TO PREDICT PLURALITY OF BIDDERS IN PUBLIC TENDERS

State contracting is a relevant issue for society’s participants, because  through this mechanism State resources are invested, seeking the fulfillment  of development plan objectives, which in turn are synonymous with  collective progress. Thus, a brief theoretical explanation is given of the  enab...

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Veröffentlicht in:Revista ingenierías (Medellín, Colombia) Colombia), 2023-06, Vol.22 (42), p.1-15
Hauptverfasser: Valencia Rodríguez, Susana María, Acevedo Prins, Natalia, Rojas-López, Miguel David
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container_title Revista ingenierías (Medellín, Colombia)
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creator Valencia Rodríguez, Susana María
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Rojas-López, Miguel David
description State contracting is a relevant issue for society’s participants, because  through this mechanism State resources are invested, seeking the fulfillment  of development plan objectives, which in turn are synonymous with  collective progress. Thus, a brief theoretical explanation is given of the  enabling requirements of financial capacity that are demanded in  the specifications, with the aim of having clarity of the expected behavior  in the proposed statistical model. Subsequently, the description of the  methodology used in the research and the theoretical approach that supports  the development of the proposed regression models are presented, the  validation tests carried out are presented, and the model with which  the probability of a plurality of suppliers is predicted according to the  enabling requirements of financial capacity is presented.   
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title USING A LOGIT MODEL TO PREDICT PLURALITY OF BIDDERS IN PUBLIC TENDERS
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