Foundations for automated trading — its the information that matters

  • Authors:
  • John Debenham

  • Affiliations:
  • Faculty of IT, University of Technology, Sydney, Australia

  • Venue:
  • DEXA'05 Proceedings of the 16th international conference on Database and Expert Systems Applications
  • Year:
  • 2005

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Abstract

Business relationships, and the sense of trust that they embody, provides an environment in which trade may be conducted with confidence. Trading involves the maintenance of effective relationships, and refers to the process of: need identification, partner selection, offer-exchange, contract negotiation, and contract execution. So we use the term in a sense that includes the business of e-procurement. Of particular interest are: the selection of trading partners, the development of trading relationships, and the negotiation and execution of contracts in the context of a relationship.