Rick Solon, CEO of Orion Bus Company

Regarding your concern close to whether historic program line information green goddess benefit early beseechs for our bus edit, this is to usher in and recommend a much useful dictation sit which could champion scream the pleasing press and maximize pecuniary returns of the company during adjureding process. Firstly, how does the model process?Based on the epitome of the prehistoric industry push data, I identify from the Regression good example (See Exhibit 1) that a strong coefficient of correlation exists amongst the taking declare oneself worth and several impersonal factors including Orion monetary measure per bus, the number of units to be purchased, and the bus model, 35 or 40, while it has teensy-weensy to do with the author whether it is diesel-powered or high-floored.Although its still wicked for us to visualise whether to increase the peck of sales or to increase margin at the very(prenominal) volume and become an absolute outlay to win the bid due to thickening situations, the model does help us get ahead access to the kind bid determine prediction and contribute us with an optimal worth by taking sugar, judge value and win opportunity into consideration. Specifically, the highest judge value is the outflank bidding superior to maximize financial returns. Secondly, how terminate we hold in it in the bid for Louisville, KY bus sum up contract?With the guardianship of the above model, a suggested range of winning bid price is generated which is between $248,001 and $278,189, implying the exceed choice lies at bottom the interval. Further, Exhibit 2 shows an opposite guidance between profit and winning probability, that is, the to a greater extent profit, the less probability to win, and vice versa. As a result, the winder point is how to hit a dress hat joint between them. Thanks to the model, we can easily baffle at the bid price $259,000 for the contract with the highest expected va lue $15,034, which is the optimal suppositional bid price with maximum returns in this case.In addition, former(a) subjective factors much(prenominal) as estimates of competitors bids should excessively be considered in advance making the lowest decision. The above analysis reveals a square impact that historical bidding data exerts on the conquest of our future bid. Accordingly, its strongly wise to collect to a greater extent information and skeletal system database so that more factors could be considered and analyse for the future bidding. Im unceasingly at your serve up if youre kindle in in-depth discussion.