Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports

Jerome Yen; Ho Geun Lee; Tung Bui

doi:10.1109/HICSS.1996.493193

Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports

Jerome Yen, Ho Geun Lee, Tung Bui

Department of Business Administration

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

8 Citations (Scopus)

Abstract

We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.

Original language	English
Title of host publication	Information Systems - Collaboration Systems and Technology
Editors	Jay F. Nunamaker, Ralph H. Sprague
Publisher	IEEE Computer Society
Pages	219-227
Number of pages	9
ISBN (Electronic)	0818673249
DOIs	https://doi.org/10.1109/HICSS.1996.493193
Publication status	Published - 1996
Event	29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States Duration: 1996 Jan 3 → 1996 Jan 6

Publication series

Name	Proceedings of the Annual Hawaii International Conference on System Sciences
Volume	3
ISSN (Print)	1530-1605

Conference

Conference	29th Hawaii International Conference on System Sciences, HICSS 1996
Country/Territory	United States
City	Wailea
Period	96/1/3 → 96/1/6

Bibliographical note

Publisher Copyright:
© 1996 IEEE.

All Science Journal Classification (ASJC) codes

Engineering(all)

Access to Document

10.1109/HICSS.1996.493193

Cite this

Yen, J., Lee, H. G., & Bui, T. (1996). Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. In J. F. Nunamaker, & R. H. Sprague (Eds.), Information Systems - Collaboration Systems and Technology (pp. 219-227). Article 493193 (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 3). IEEE Computer Society. https://doi.org/10.1109/HICSS.1996.493193

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title = "Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports",

abstract = "We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.",

author = "Jerome Yen and Lee, {Ho Geun} and Tung Bui",

note = "Publisher Copyright: {\textcopyright} 1996 IEEE.; 29th Hawaii International Conference on System Sciences, HICSS 1996 ; Conference date: 03-01-1996 Through 06-01-1996",

year = "1996",

doi = "10.1109/HICSS.1996.493193",

language = "English",

series = "Proceedings of the Annual Hawaii International Conference on System Sciences",

publisher = "IEEE Computer Society",

pages = "219--227",

editor = "Nunamaker, {Jay F.} and Sprague, {Ralph H.}",

booktitle = "Information Systems - Collaboration Systems and Technology",

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Yen, J, Lee, HG & Bui, T 1996, Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. in JF Nunamaker & RH Sprague (eds), Information Systems - Collaboration Systems and Technology., 493193, Proceedings of the Annual Hawaii International Conference on System Sciences, vol. 3, IEEE Computer Society, pp. 219-227, 29th Hawaii International Conference on System Sciences, HICSS 1996, Wailea, United States, 96/1/3. https://doi.org/10.1109/HICSS.1996.493193

Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. / Yen, Jerome; Lee, Ho Geun; Bui, Tung.
Information Systems - Collaboration Systems and Technology. ed. / Jay F. Nunamaker; Ralph H. Sprague. IEEE Computer Society, 1996. p. 219-227 493193 (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 3).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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AU - Bui, Tung

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N2 - We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.

AB - We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.

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M3 - Conference contribution

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SP - 219

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BT - Information Systems - Collaboration Systems and Technology

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ER -

Yen J, Lee HG, Bui T. Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. In Nunamaker JF, Sprague RH, editors, Information Systems - Collaboration Systems and Technology. IEEE Computer Society. 1996. p. 219-227. 493193. (Proceedings of the Annual Hawaii International Conference on System Sciences). doi: 10.1109/HICSS.1996.493193

Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports

Abstract

Publication series

Conference

Bibliographical note

All Science Journal Classification (ASJC) codes

Access to Document

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Cite this