A core broking model for E-markets

Pen Choug Sun, Michael Odetayo, Rahat Iqbal, Anne James

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

1 Citation (Scopus)

Abstract

Coalitions, which allow traders to form teams, can sometimes accomplish tasks more efficiently than individuals. The core has become a popular solution concept in economic applications for researchers in Computer Science, because it provides a way to find stable sets. However, its problems hinder researchers from applying it to a real world market. This paper proposes a new Core Broking Model (CBM), which is based on the core and adopts some other solution concepts to resolve group trading problems in emarkets. It involves bundle selling of composite services from several service providers, offering amount discounts in group buying in the e-marketplace. The CBM successfully creates a win-win-win situation for customers, providers and brokers in e-markets. The comparison between the results of the new model and the core shows that the CBM is superior to the core when applied in e-markets. The results of the simulation presented in this paper demonstrate that the CBM can attract customers and deal with online group trading problems in a large coalition. An extensive evaluation of the CBM has been made and shows that it is effective and efficient.

Original languageEnglish
Title of host publicationProceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012
PublisherIEEE
Pages249-256
Number of pages8
ISBN (Print)9780769548104
DOIs
Publication statusPublished - 2012
Event4th International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012 - Sanya, China
Duration: 10 Oct 201212 Oct 2012

Conference

Conference4th International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012
CountryChina
CitySanya
Period10/10/1212/10/12

Fingerprint

Computer science
Sales
Economics
Composite materials

Keywords

  • Coalition
  • Core
  • E-Market
  • Shapley Value
  • Stability

ASJC Scopus subject areas

  • Software

Cite this

Sun, P. C., Odetayo, M., Iqbal, R., & James, A. (2012). A core broking model for E-markets. In Proceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012 (pp. 249-256). [6384976] IEEE. https://doi.org/10.1109/CyberC.2012.49

A core broking model for E-markets. / Sun, Pen Choug; Odetayo, Michael; Iqbal, Rahat; James, Anne.

Proceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012. IEEE, 2012. p. 249-256 6384976.

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

Sun, PC, Odetayo, M, Iqbal, R & James, A 2012, A core broking model for E-markets. in Proceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012., 6384976, IEEE, pp. 249-256, 4th International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012, Sanya, China, 10/10/12. https://doi.org/10.1109/CyberC.2012.49
Sun PC, Odetayo M, Iqbal R, James A. A core broking model for E-markets. In Proceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012. IEEE. 2012. p. 249-256. 6384976 https://doi.org/10.1109/CyberC.2012.49
Sun, Pen Choug ; Odetayo, Michael ; Iqbal, Rahat ; James, Anne. / A core broking model for E-markets. Proceedings of the 2012 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery, CyberC 2012. IEEE, 2012. pp. 249-256
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