Intelligent clearinghouse

Electronic marketplace with computer-mediated negotiation supports

Jerome Yen, Ho Geun Lee, Tung Bui

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 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 languageEnglish
Title of host publicationInformation Systems - Collaboration Systems and Technology
EditorsRalph H. Sprague, Jay F. Nunamaker
PublisherIEEE Computer Society
Pages219-227
Number of pages9
ISBN (Electronic)0818673249
DOIs
Publication statusPublished - 1996 Jan 1
Event29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States
Duration: 1996 Jan 31996 Jan 6

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume3
ISSN (Print)1530-1605

Conference

Conference29th Hawaii International Conference on System Sciences, HICSS 1996
CountryUnited States
CityWailea
Period96/1/396/1/6

Fingerprint

Intelligent systems

All Science Journal Classification (ASJC) codes

  • Engineering(all)

Cite this

Yen, J., Lee, H. G., & Bui, T. (1996). Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. In R. H. Sprague, & J. F. Nunamaker (Eds.), Information Systems - Collaboration Systems and Technology (pp. 219-227). [493193] (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 3). IEEE Computer Society. https://doi.org/10.1109/HICSS.1996.493193
Yen, Jerome ; Lee, Ho Geun ; Bui, Tung. / Intelligent clearinghouse : Electronic marketplace with computer-mediated negotiation supports. Information Systems - Collaboration Systems and Technology. editor / Ralph H. Sprague ; Jay F. Nunamaker. IEEE Computer Society, 1996. pp. 219-227 (Proceedings of the Annual Hawaii International Conference on System Sciences).
@inproceedings{0bf52577952b4c4bb5f7653b8bcbb57f,
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",
year = "1996",
month = "1",
day = "1",
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 = "Sprague, {Ralph H.} and Nunamaker, {Jay F.}",
booktitle = "Information Systems - Collaboration Systems and Technology",
address = "United States",

}

Yen, J, Lee, HG & Bui, T 1996, Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. in RH Sprague & JF Nunamaker (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. / Ralph H. Sprague; Jay F. Nunamaker. 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 proceedingConference contribution

TY - GEN

T1 - Intelligent clearinghouse

T2 - Electronic marketplace with computer-mediated negotiation supports

AU - Yen, Jerome

AU - Lee, Ho Geun

AU - Bui, Tung

PY - 1996/1/1

Y1 - 1996/1/1

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.

UR - http://www.scopus.com/inward/record.url?scp=0042535665&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0042535665&partnerID=8YFLogxK

U2 - 10.1109/HICSS.1996.493193

DO - 10.1109/HICSS.1996.493193

M3 - Conference contribution

T3 - Proceedings of the Annual Hawaii International Conference on System Sciences

SP - 219

EP - 227

BT - Information Systems - Collaboration Systems and Technology

A2 - Sprague, Ralph H.

A2 - Nunamaker, Jay F.

PB - IEEE Computer Society

ER -

Yen J, Lee HG, Bui T. Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. In Sprague RH, Nunamaker JF, 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). https://doi.org/10.1109/HICSS.1996.493193