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Development of a Cost Price Model to Support Bid Price Estimation

Benneker, Bram G. (2021) Development of a Cost Price Model to Support Bid Price Estimation.

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Abstract:SCS Logistics is a freight forwarder that focuses on transport and logistics that deviates from the ‘day to day’ logistics. The market in which SCS Logistics operates is very competitive. An appropriate bid price and the speed with which the bid price is issued are therefore essential for winning customers. Currently, the employees of SCS Logistics have no guidance and support when they have to determine the bid prices. This is because there is no standard procedure. To solve this problem, this research focuses on developing a cost price model that offers guidance in determining the bid prices. Based on the purchase prices calculated by this cost price model, the employees can create a bid price. We first mapped out the current and desired situation. After the desired situation was known, the research focused on the cost price model for calculating the purchase price. In order to determine the purchase price, we mapped out the cost drivers. Next we used three different cost estimation techniques to develop the cost price model. The case-based reasoning process is chosen as the framework for the cost price model and is reinforced with the methods regression analysis and expert systems. In order to make the cost price model usable for the employees, we implemented the model in a user-friendly tool. We programmed the tool using Microsoft Excel and Visual Basic for Applications. The cost price model with the corresponding tool is the final result of this thesis.
Item Type:Essay (Bachelor)
Clients:
SCS Logistics, Ootmarsum, Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:30 exact sciences in general, 31 mathematics, 50 technical science in general, 55 traffic technology, transport technology, 58 process technology, 83 economics, 85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
Link to this item:http://purl.utwente.nl/essays/87763
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