Work

The Adoption of a Big Data Approach Using Machine Learning to Predict Bidding Behavior in Procurement Management for a Construction Project

Year: 2023

Type: article

Abstract: Big Data Technologies is one of the disruptive technologies that influence every business, including the construction industry. The Thai government is attempting to use machine learning technique from part of analytic by Big Data Technologies to forecast costs for public building projects. However, it was never developed, and They did not implement it with traditional data. In this study, traditional data is processed to predict the behavior of Thai government construction projects by using a machine learning model. Additionally, the data was collected from the government procurement system in 2019. There are eight input data including departmental groupings, project types, procurement methods, length, winning price over standard price, even criteria were examined, including winning price over budget and standard price above budget. Additionally, a range of classification techniques, including an artificial neural network (ANN), Decision tree (DC), K-nearest neighbor (KNN), were used in this study (ANN). According to the results, ANN has the greatest predicting accuracy with 78.9 percent after hyperparameter tuning. The study confirms that data from the Thai Government Procurement System can be usefully investigated using machine learning techniques from Big Data technologies.

Source: Sustainability

DOI: 10.3390/su151712836

Authors: Wuttipong Kusonkhum, Korb Srinavin, Tanayut Chaitongrat

Institutions: North Eastern University, Khon Kaen University, Mahasarakham University

Language: English

Topic: Public Procurement and Policy

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,447