Abstract

VALENCIA RODRIGUEZ, Susana María; ACEVEDO PRINS, Natalia  and  ROJAS LOPEZ, Miguel David. USING A LOGIT MODEL TO PREDICT PLURALITY OF BIDDERS IN PUBLIC TENDERS. Rev. ing. univ. Medellín [online]. 2023, vol.22, n.42, a2.  Epub Aug 20, 2024. ISSN 1692-3324.  https://doi.org/10.22395/rium.v22n42a2.

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.

Keywords : Logit model; business process; public bidding; financial indicator; plurality of suppliers.

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