In the afternoon, in the conference room of Feng Cheng Corporation, all nine board members were present.
After the board meeting began, Chairman Shen Jianjun and the other eight directors saw three different offers.
Cui Jin, the vice president of Fengcheng Group and the general manager of Fengcheng Construction Co., Ltd., refuted Qin Yang's proposal just by looking at the price.
He said angrily," The bid of 1.518 billion is too high. It's impossible to win the bid. The Strategic Planning Department actually came up with such an outrageous plan. It's child's play. What are they doing?”
Jiang Shangwen, the independent director in charge of the financial audit, looked at the signature of the proposal and sneered,"This Qin Yang's professional level is really too amateur. I don't know if he hopes that the company will win the bid or that another company will win the bid. Hehe, I even suspect that he was sent by another company as a spy.”
Shen Qing's expression was very ugly as she asked,""Will the other two proposals definitely win the bid?”
Cui Jin shook his head." That's not true. The other two offers are relatively safer."”
Shen Qing snorted coldly." It's very stable. It's so stable that there's no merit or fault. Even professionals like Director Cui and Director Jiang can't find any fault with it."”
The other directors saw that Shen Qing and the other two directors had different opinions at the beginning of the meeting and had a fierce dispute, so they temporarily gave up on expressing their opinions and watched the development of the situation.
"But 1.518 billion is too extreme. It's only 12 million away from the control price. The chances of winning are extremely low. Don't you think so, CEO Shen?”
Cui Jin refused to compromise.
The atmosphere of the meeting was tense.
Ningzhou's bidding project would draw an f value at the opening of the bid, and then the bidding control price x (1-f) would be used to obtain the bid evaluation benchmark price.
The closer the bid was to the benchmark price, the higher the score.
However, the F value had a fixed range. In Qin Yang's plan, the estimated F value was very low, which was why he came up with a high bid of 1.518 billion.
However, generally speaking, the probability of an f-value should be in the middle. The probability of a high f-value and a low f-value was very low.
Therefore, the prices of the various companies would also tend to be in the middle.
Shen Qing also shook her head and said,"No, if we use this offer, our chances of winning the bid are not low. Instead, it will be higher."”
As soon as she said that, all the directors, including Chairman Shen Jianjun, looked at Shen Qing.
A few of the board members revealed incredulous expressions.
He did not understand why the more biased the bid was, the higher the chances of winning the bid.
It was completely against common sense.
Shen Qing also noticed everyone's expressions. She looked calm and continued,
"You haven't had the time to look at Qin Yang's proposal. I've looked at it this morning and asked Qin Yang for advice. I can tell you the details of the proposal.”
"Director Cui and Director Jiang, one of you has been in charge of the construction of Feng City for more than ten years, and the other is a professor of financial management. You should know that whether it's the extraction of the F value or the bidding company's offer, it's a normal distribution.”
"The extraction of the f value is a fixed normal distribution, but the bidding price of the bidding company is not a fixed normal distribution.”
"In the report, Qin Yang calculated in detail the different normal distribution curves formed by the number of participating companies and drew them into a graph.”
"The more companies participating in the bidding for a project, the flatter the bidding distribution curve. The fewer companies bidding, the steeper the bidding distribution curve.”
"This is caused by human psychological factors. When there are many bidding companies, the chances of each company winning the bid will become lower. Therefore, some companies will give more radical and risky bids in the hope of increasing the chances of winning the bid.”
"But when the number of bidders is small, they tend to quote a more conservative price, so that they are less likely to be eliminated.”
"The three proposals only have four competitors. If we also quote a stable price, our chances of winning the bid will remain at around one-fifth.”
"However, Qin Yang's plan has made a detailed estimation. The probability of the F value falling into the high and low positions is about a quarter, and the probability of falling into the middle position is about a half.”
"Therefore, if we quote a higher or lower price, the chances of winning the bid will increase to a quarter.”
"However, the report also stated that with the same probability, if the bid is higher, our profit after winning the bid will be nearly 90 million more than the lower bid, and 58 million more than the middle price.”
"Since the probability is high and the profit is high, why don't we bid a high price?”
Shen Qing explained the contents of Qin Yang's proposal in one breath.
After listening to Shen Qing's speech, the participants all revealed thoughtful expressions.
The people present who could obtain their current achievements were not ordinary people. With a little thought, they understood what Shen Qing said.
Those who did not understand were also flipping through Qin Yang's report in detail, checking the data and charts inside.
As a finance professional, Jiang Shangwen was the first to finish reading the proposal.
He laughed at himself." This proposal is quite brilliant. As a professor at the School of Economics and Management of Ningzhou University, I actually fell into a misunderstanding. I rejected this offer based on common sense. It's really embarrassing."”
"The data of the proposal is very detailed, and the calculations are very meticulous. What's even more commendable is that he actually analyzed the psychological behavior of each company during the bidding according to the number of bidding companies, and made different bidding price distribution curves.”
"May I ask President Shen, which school did this Qin Yang graduate from?”
Hearing Jiang Shangwen asking about Qin Yang, Shen Qing replied,""Qin Yang graduated from Ningzhou University.”
Jiang Shangwen's face was instantly stunned as he said in surprise,""You graduated from our school? If he could come up with such a plan, he must have done very well in school. Why haven't I heard of his name?”
Shen Qing's expression was a little strange. She suppressed her laughter and said,"Qin Yang isn't a student of the School of Economics and Management. He's from the School of Humanities and History's philosophy department.”
As soon as he said that, the stunned expression on Jiang Shangwen's face turned into shock.
Such a high-level bidding plan required extremely strong financial management, economics, and statistics knowledge. He naturally thought that Qin Yang was a student of the School of Economics and Management.
However, he did not expect Qin Yang to be a student of the philosophy department.
This was simply unimaginable.
Jiang Shangwen had already realized his mistake and affirmed Qin Yang's report.
Vice President Cui Jin also expressed his stance." As the general manager of Fengcheng Construction, I made an arbitrary conclusion without looking at the bidding plan. I made an error of experience. This is my dereliction of duty. I hereby apologize to the chairman and the board members.”
Chairman Shen Jianjun, who was sitting in the main seat, saw this situation and said with a smile,"It's too serious to apologize. People will have their first impressions. When I heard the offer just now, to be honest, I was a little angry, but the doctor told me to keep my mind calm, so I didn't get angry.”
"Alright, everyone, take a look at the other two proposals. After you're done, we'll vote.”
The directors carefully looked through the other two proposals.
The other two proposals were quite reasonable. If they had not seen Qin Yang's proposal, they would agree with it and think that it made sense.
However, after carefully reading Qin Yang's amazing plan, these two plans seemed too mediocre. There was nothing good to say about them, and they were like chicken ribs.
After all the directors had seen it, Shen Jianjun, the chairman and chairman of the board meeting, said,"Everyone has seen the three proposals. Let's start voting.”
"Those who agree with the first proposal, raise your hand.”
Swoosh, swoosh, swoosh!
Everyone raised their arms.
Stay up late to write during the Chinese New Year. Please support me with flowers and comments.
I basically divided the chapters into a complete event, so the number of words in the chapters will be more. I hope everyone will like it.
This book comes from：m.funovel.com。