University of Twente Student Theses


Selecting an award mechanism - A support system for buyers

Tijhuis, A (2017) Selecting an award mechanism - A support system for buyers.

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Abstract:This study is based on procurement processes and focuses on seven award mechanisms: NX Utility Index, Weighted Factor Method, Value Based Awarding, Low Bid Scoring Formula, Log formula, Value for money 50/50 index and Rank on scores in survey. Buyers need to make a choice between the different award mechanisms, which is a crucial element of their procurement process since it will determine which supplier will be contracted. Therefore, support for buyers to make a well-considered choice between the different award mechanisms is provided within this study.
Item Type:Essay (Bachelor)
Negometrix BV, Utrecht, The Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:31 mathematics, 85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
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