Simulation for Business Engineering of Electronic Markets

Simulation for Business Engineering of Electronic Markets

Marijn Janssen (Delft University of Technology, The Netherlands) and Henk G. Sol (Delft University of Technology, The Netherlands)
Copyright: © 2002 |Pages: 7
DOI: 10.4018/978-1-931777-09-4.ch015
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Abstract

Developments in Information and Communication Technology (ICT) enable information systems to intermediate between sellers and buyers in electronic markets (e-markets). A business engineering methodology can be of help to design and develop e-markets by providing insight into current market and potential e-market structures, matching mechanisms and processes, and by evaluating the implications of e-markets. In this chapter, a first concept of an interactive, discrete-event, agent-based simulation approach for the analyses and design of e-markets is presented and evaluated.

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