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Title:
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THE GAINS OF ONTOLOGIES IN ELECTRONIC AUCTIONS |
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Author(s):
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Juha Puustjärvi |
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ISBN:
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972-8924-16-X |
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Editors:
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Pedro Isaías, Maggie McPherson and Frank Bannister |
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Year:
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2006 |
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Edition:
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2 |
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Keywords:
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Electronic auctions, Ontologies, B2B |
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Type:
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Poster/Demonstration |
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First Page:
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361 |
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Last Page:
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364 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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Electronic auctions systems are virtual places that reside somewhere in the Internet. They are supposed to bring together
businesses in the Web. Through electronic auctions buyers and sellers are able to interact with each other inside an
architecture that is easy to use and maintain. By introducing appropriate ontologies and business process models it is
possible to replace buyers or sellers or both by software modules, i.e., introduce software programs that place bids on
behalf of the user. The greatest benefits of this kind of automation lie in cost reduction for buyers and sellers. In addition
it shortens the time required for carrying auctions. In this article we present the role of ontologies in the electronic auction
system that we are developing. |
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