Evaluations of a core broking model from the viewpoint of online group trading

P. Sun, M. Odetayo, R. Iqbal, A. James

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

    3 Citations (Scopus)

    Abstract

    A new Core Broking Model (CBM) is proposed to resolve group trading problems in e-markets. The aim of this paper is to evaluate the new model from the viewpoint of online group trading. A simulation system for the evaluations of new model was used to generate test data and to produce outputs from the core and the CBM. The results show that the CBM is superior to the core in distributed computing, computational complexity, and incentive compatibility when applied in e-markets. They demonstrate that the CBM can attract customers and deal with online group trading problems effectively in a large coalition. An extensive evaluation of the CBM has been made and shows that the additional techniques in the CBM have all successfully produced the desired result.

    Original languageEnglish
    Title of host publication2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012
    PublisherIEEE Computer Society
    Pages1964-1968
    Number of pages5
    ISBN (Print)9781467329453
    DOIs
    Publication statusPublished - 2012
    Event2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012 - Hong Kong, China
    Duration: 10 Dec 201213 Dec 2012

    Conference

    Conference2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012
    CountryChina
    CityHong Kong
    Period10/12/1213/12/12

    Keywords

    • Coalition
    • Core
    • E-Market
    • Evaluation
    • Stability

    ASJC Scopus subject areas

    • Business, Management and Accounting (miscellaneous)
    • Industrial and Manufacturing Engineering
    • Safety, Risk, Reliability and Quality

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  • Cite this

    Sun, P., Odetayo, M., Iqbal, R., & James, A. (2012). Evaluations of a core broking model from the viewpoint of online group trading. In 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012 (pp. 1964-1968). [6838089] IEEE Computer Society. https://doi.org/10.1109/IEEM.2012.6838089