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AUTOMATIC GENERATION OF A SCENARIO USED TO OPTIMIZE A BID AWARD SCHEDULE

  • US 20100268651A1
  • Filed: 04/20/2009
  • Published: 10/21/2010
  • Est. Priority Date: 04/20/2009
  • Status: Abandoned Application
First Claim
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1. A method for automatically generating at least one scenario used to optimize a bid:

  • award schedule, comprising;

    a buyer specifying that a mathematical model includes at least one flexibility element;

    a sourcing event management system using the results of a sourcing event to evaluate the mathematical model which results in an initial bid award value;

    the buyer specifying a value for the mathematical model flexibility element;

    the sourcing event management system using the specified flexibility element value to calculate a special mathematical model variable; and

    the sourcing event management system evaluating the mathematical model subject to the special mathematical model variable to identify at least one scenario that will improve the initial bid award value.

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