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Orion Bus Industries Contract Bidding Strategy Case Solution

Solution Id Length Case Author Case Publisher
1648 301 Words (3 Pages) Peter C Bell, Paul Royal, Jay Hamilton Ivey Publishing : 903E05
This solution includes: A Word File A Word File and An Excel File An Excel File

The historical data of cost, quantity and features (35’, 40’, HF, Diesel) can be used to increase the increase the margins of the company by choosing a bid price which is optimum. 


Case Analysis for Orion Bus Industries Contract Bidding Strategy

The regression analysis is used to come up with the bid price of 14 high-floor, 40' diesel powered buses at a manufacturing cost of $265,500 per bus. The Y- variable or the output of regression equation is the bid price. This is also called the dependent variable. There are multiple X-variables or the independent variables. The independent variables include cost, quantity, if 40', if 35', if the high floor and if diesel. These variables are used in the regression analysis which gives the regression equation as:

Bid Price = 20475.95 + Orion Cost Per bus x 1.047 + Quantity x -523.278+If 40' x 14148.8 + if 35' x 15430.09 + If diesel x -3963.75

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