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A Literature Review on Methods for Supplier Selection Akin to Awarding on Value

Schmidt, L. (2014) A Literature Review on Methods for Supplier Selection Akin to Awarding on Value.

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Abstract:The following paper examines the presence of Awarding on Value (AoV) in the literature and if there exist comparable approaches to AoV. This is a price correction mechanism for bid evaluation in a Most Economically Advantageous Tender (MEAT) perspective. Results are based on a literature review for which scientific articles have been found via the search engines Scopus and Science Direct by using the search terms “Awarding on Value”, “Most Economically Advantageous Tender”, and “multi-criteria decision-making”. The final sample of reviewed articles contains 55 articles. The literature review identified no awarding method akin to AoV, however adaptions of AoV were found. Furthermore, it became clear that there is a demand for AoV in the literature (e.g. Procurement Guidelines of the World Bank) and beyond authors are positive about the method. The added value of this paper is that is shows up linkages of AoV and helps to increase the awareness of the approach.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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