The procurement process is one of the most important phases in any project life cycle, particularly when it comes to selecting right contractor for job. Awarding contract best bid proposal a critical step ensure greatest value. BIM has been recognized as not only geometric modelling buildings, but also, facilitates different stages management construction projects. purpose this paper study impa...

Conventional wisdom in baseball circles holds that a seven-game playoff series is fairer than a five-game series. In an earlier paper, E. Lee May, Jr. showed that, treating each game as an independent event, a seven-game series is not significantly fairer. In this paper, we take a different approach, taking homefield advantage into account. That is, we consider a given series to consist of two ...

The classical Ellsberg experiment presents individuals with a choice problem in which the probability of winning a prize is unknown (ambiguous). In this paper we study how individuals make choices between gambles in which the ambiguity is in di↵erent dimensions: the winning probability, the amount of the prize and the payment date, and many combinations. While the decision-theoretic models acco...

The gaining returns in line with risks is always a major concern for market play-ers. This study compared the selection of stock portfolios based on the strategy of buying and retaining winning stocks and the purchase strategy based on the level of investment risks. In this study, the two-step optimization algorithms NSGA-II and SPEA-II were used to optimize the stock portfolios. In order to de...

This article tests whether points in tennis are independent and/or identically distributed (iid). We model the probability of winning a point on service and show that points are neither independent nor identically distributed: winning the previous point has a positive effect on winning the current point, and at ‘important’ points it is more difficult for the server to win the point than at less...

The tradition of tossing a coin to decide who bats first in a cricket match introduces a randomly-assigned advantage to one team that is unique in sporting contests. In this paper we develop previous work on this issue by examining the impact of the toss on outcomes of day-night one day international games. We estimate conditional logit models of outcomes using data from every day-night interna...

We consider two-player stochastic games over real-time probabilistic processes where the winning objective is specified by a timed automaton. The goal of player is to play in such a way that the play (a timed word) is accepted by the timed automaton with probability one. Player ^ aims at the opposite. We prove that whenever player has a winning strategy, then she also has a strategy that can be...

Two players compete in a contest where the first player to win a specified number of points wins the game, and the first player to win a specified number of games wins the set. This paper proves two generalized inequalities, each independent of the probability of winning a point, concerning the better player’s chances of winning. Counterexamples are given for two additional conjectured inequali...

We study the effect of financial disclosure on the selection of politicians, exploiting the staggering of Indian state assembly elections to identify the effect of disclosure laws. We document a 13 percentage point increase in exit of winning candidates post-disclosure, indicating that disclosure has a large effect on politician self-selection. This selection coincides with higher probability o...