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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Yen, J. Hu, J. Bui, T.X. |
| Copyright Year | 2000 |
| Description | Author affiliation: Dept. of Syst. Eng. & Eng. Manage., Chinese Univ. of Hong Kong, Shatin, Hong Kong (Yen, J.) |
| Abstract | We propose an intelligent clearinghouse, an electronic marketplace with computer-mediated negotiation that is supported with both data and textual information about the dynamic markets. Most existing electronic market systems support relatively stable markets: traders are not allowed to revise their bids and offers once they are entered to the system. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as the market evolves or when more information becomes available to them. Traders in dynamic markets may suffer significant losses if they fail to execute transactions promptly or cannot utilize all the available information. We developed a prototype Virtual Property Agency to study the usefulness of such an approach. The system was developed with agent technologies, where information, particularly the text files, about the market will be automatically collected by a search engine from the selected Web sites for users to design their negotiation strategies. This system also supports multi-criteria negotiation and allows the users to enter the ranking of attributes to create a utility function. The system aims to improve the transparency and efficiency of the real estate market. It enables traders to compromise their original utilities to avoid transaction failures. The paper also describes the foundation of the intelligent clearinghouse system and its trading mechanism, which includes a short discussion about its order matching method and negotiation support capabilities. |
| File Size | 92476 |
| File Format | |
| ISBN | 0769504930 |
| DOI | 10.1109/HICSS.2000.926633 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2000-01-07 |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Consumer electronics Data engineering Intelligent systems Systems engineering and theory Research and development management Computer science Management information systems Educational institutions Virtual prototyping Search engines |
| Content Type | Text |
| Resource Type | Article |
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