University of Twente Student Theses


Characteristics of the EMAT-superformula

Lettink, S.A. (2016) Characteristics of the EMAT-superformula.

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Abstract:The EMAT-superformula is currently being used at the Dutch Tax and Customs Administration to evaluate tender offers. The main benefit of this method is that scoring of the combination of price and quality can be done according to one’s own preference instead of relative to other bids. However, the EMAT-superformula has several drawbacks concerning the sensitivity for price uncertainty. Additionally, the complexity of the EMAT-superformula causes this tender evaluation method to be less transparent than simpler methods. In order to eliminate the drawbacks while maintaining the positive aspects, an alternative method is proposed. This method is a variant of the quality-to-price method. A quality to price method subtracts the monetary value of the quality from the price of the bids. This method enables the buying agency to better value quality, while also being minimally influenced by price uncertainty. Additionally the quality-to-price method is simpler, causing this method to be more transparent than the EMAT-superformula.
Item Type:Essay (Bachelor)
Dutch Tax and Customs Administration, Apeldoorn, NL
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics, 85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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