The financial industry is in midst of a fundamental transformation. Changes in customer behavior and the impact of information technology are believed to change the financial industry from hierarchical to market-based structures. Although electronic markets in the financial services industry are well known in B2B processes such as e.g. stock exchanges, only little research has been undertaken T...

Several researchers have predicted a significant growth trajectory for Businessto-Business (B2B) applications of E Commerce. Over the last five years, a variety of market mechanisms have emerged to address various issues pertaining to B2B E Commerce. However, there is a general lack of understanding among the researchers and practitioners on two key issues: What are the key characteristics of t...

Ontologies are crucial in B2B electronic commerce in general and in the Virtual Enterprise scenario in particular, enabling the mutual understanding between multiple business participants. This paper considers the development of a specific ontology in the home automation business area, illustrated in the Virtual Enterprise formation process. The ontology developed for the home automation (domot...

In the current paper, we examine the effect of a B2B spot market on the strategic behavior and the performance of a reseller who continues to use the traditional channel while participating in a B2B spot market. We analyze the case in which a risk-neutral reseller faces an additive or multiplicative demand function and identify sufficient conditions under which the optimal order quantity and re...

B2B e-marketplaces drastically alter the structure of buyer-seller relationships. To study the equilibrium of a buyer-seller exchange network before and after the emergence of emarketplaces, we develop a multiple-person noncooperative game, where rational firms select optimal interfirm connections and the network is endogenously formed and evolved. We examine when previous buyer-seller relation...

In recent years, there has been increasing work where intelligent software agents have been used to support electronic commerce and other Internet-based transactions. This use of agents also called Agent-Mediated Electronic Commerce, has mostly been seen in areas such as service discovery and knowledge management , automated negotiation and pricing, auctioning and transactional reasoning , and ...

Electronic markets in recent decades contribute remarkably in business transactions. Many organizations consider traditional ways of trade non-economical and therefore they do trade only through electronic markets. There are different categorizations of electronic markets functions. In one classification, functions of electronic markets are categorized into classes as information, transactions,...

Nowadays, Business-to-Business (B2B) has become one the most important forms for e-commerce implementations that allows organizations (both partners and competitors) to cooperate in terms of building virtual corporations to satisfy customer and market needs. Almost all B2B applications have special requirements regarding to ability to be changed dynamically and flexibly due to market ever-chang...

New technological innovations have made it possible for new intermediaries to create value in business processes that involve the procurement of manufacturing and services supplies. Associated with these innovations is the emergence of business-to-business (B2B) electronic markets. These act as digital intermediaries that aim to reduce the transaction costs and mitigate the risks inherent in pr...

His research interests focus on the intersection of supply chains and information systems, supplier management, market structures and relationships when electronic transactions are of concern, and on the role of knowledge in this context. ABSTRACT: The past few years have seen an explosion in the number of e-marketplaces , including a variety of electronic exchanges in the B2B arena, but many o...