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GENERAL |
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RESEARCH AREAS |
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MISCELLANEOUS |
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Electronic Trading (SITI)
The SITI Electronic Trading project participates in the Etrading Europe consortium:
See also our EU FP6
Expression of Interest (EoI) (annex 3).
Vision
Our vision is to make Swedish industry and society world leaders in
e-commerce by
- fully exploiting the best mechanisms for e-trading
- leading the development, commercialization, and use of innovative
and profitable e-trading applications
Emerging standards for e-commerce communications have given us an
efficient infrastructure for e-sourcing, e-procurement, and
e-trading.
The profitability and value to society of e-commerce can be
dramatically increased by fully exploiting advanced methods of
e-trading such as new auction types and automated trading.
For example, combinations bidding allows trading partners to express
real interests, leading to mutual gains in negotiated
deals. Industrial pilot projects in major industries show savings of
5-10% that cannot be achieved by conventional e-auctions.
Automated trading enables fast and cost-efficient markets in more
fine-grained goods, such as electricity and network capacity. It can
also apply sophisticated optimisation methods, e.g., for procuring
the best combinations of goods on multiple markets.
Researchers
- Arne Andersson, Prof. (project leader; principal investigator, combinatorial auctions)
- Sverker Janson, Ph.D. (principal investigator, agent-based systems)
- Erik Aurell, Ph.D., Docent (principal investigator, automatic markets)
- Joakim Eriksson, M.Sc. (Ph.D. student)
- Niclas Finne, M.Sc. (Ph.D. student)
- Lars Rasmusson, M.Sc. (Ph.D. student)
- Jim Holmström, M.Sc. (Ph.D. student)
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