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Specification and Execution of Composite Trading Activities

Si, Yain-Whar, Edmond, David, Dumas, Marlon, & ter Hofstede, Arthur H.M. (2007) Specification and Execution of Composite Trading Activities. Electronic Commerce Research, 7(3-4), pp. 221-263.

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Abstract

With the growing number of trading opportunities available online, software tools designed to act on behalf of human traders are increasingly being used to automate trading activities. The next logical step in this evolution is the automation of composite trading activities designed to fulfill complex user goals and requirements. In this paper, we describe a model for specifying composite trading activities involving concurrent and interrelated negotiations with multiple parties and heterogeneous protocols. The model supports the specification of several types of constraints, such as the number of required successful negotiations, the limit price for the items to be traded, and the temporal constraints imposed by all trading parties. In order to guide the execution of the trading activities, we describe a novel planning and execution model for composite trading activities which is designed to maximize the expected utility of the user.

Impact and interest:

4 citations in Scopus
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Full-text downloads:

103 since deposited on 23 Sep 2008
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ID Code: 14928
Item Type: Journal Article
Keywords: electronic commerce, automated negotiation, automated bidding
DOI: 10.1007/s10660-007-9005-6
ISSN: 1572-9362
Subjects: Australian and New Zealand Standard Research Classification > INFORMATION AND COMPUTING SCIENCES (080000) > INFORMATION SYSTEMS (080600) > Information Systems Development Methodologies (080608)
Divisions: Past > QUT Faculties & Divisions > Faculty of Science and Technology
Copyright Owner: Copyright 2007 Springer
Copyright Statement: The original publication is available at SpringerLink http://www.springerlink.com
Deposited On: 23 Sep 2008
Last Modified: 29 Feb 2012 23:33

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