countries deal in this market. Marine fuels vary in quality and type‚ and they represent 30 to 50 percent of total operating expenses of oceangoing vessels. Traditional trading is complex‚ inefficient‚ and expensive. Trading in marine fuels is done by auctions and negotiations. Thus‚ an electronic solution has the potential for substantial savings if the e-commerce platform can be cost-effective and scalable. Furthermore‚ it must allow for negotiations on attributes other than price‚ and it needs to have
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Verenigde Bloemenveiling Aalsmeer (VBA) (United Flower Auctions)‚ Aalsmeer‚ Holland VBA is the largest flower auction operation in the world comprises two main parts. The first is the sellers’ area known as the ’auction section’ where flowers are received‚ held in cooled storage areas and auctioned. The second is the ’buyers’ section’ where around 300 buyers‚ exporters and wholesalers rent space to prepare flowers for shipment. Trucks leave Aalsmeer every working day with destinations (including
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In this paper‚ we outline the process by which companies are brought to market in an initial public offering. Our goals here are to delineate the specific steps that are required in an IPO‚ to demonstrate the complex inter-relationships between the advising‚ marketing‚ pricing‚ and trading functions of the IPO process‚ and to highlight the role played by the underwriter in a public offering. When a company wishes to make a public offering‚ its first step is to select an investment bank to advise
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Online Auction System Use Case and Misuse Case Diagrams Mounika Challagundla‚ Graduate Student Dr. Natarajan Meghanathan‚ Associate Professor Department of Computer Science Jackson State University‚ Jackson‚ MS 39217‚ USA use case description • Registration: Anyone who want to participate in auction first they have to register to the system. • Login: The user will provide login details in order to access anything. • Post items: Once registered as a seller‚ the seller can start posting his
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Business Economy. Montgomery‚ AL: Bank of America Securities Equity Research. Beam‚ C. & Segev‚ A. (1998). Auctions on the Internet: A Field Study. Working Paper 98-WP1032‚ UC Berkeley. Beam‚ C. & Segev‚ A. (2000). Automated Negotiations: A Survey of the State of the Art. Working Paper‚ UC Berkeley. Available http://haas.berkeley.edu/~citm/nego-proj.htm Citrin‚ J Cramton‚ P. (1998). Ascending Auctions. European Economic Review‚ 42(3)‚ 745-756. E-Commerce: The Third Wave. (1999) Westborough‚ MA: EC Cubed
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quite common due to the fact that the competition in business has grown. Also‚ economic recession has led to the strategic concept of acquiring and merging businesses. eBay is an online American company which specializes in online shopping and auction and it is one of the market leaders in the Industry. eBay has strategically acquired companies so as to expand its market. In the initial days‚ the focus was more on developing the company. In the recent times‚ it acquired stakes in Skype (Online
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58 percent. In May 2001 eBay controlled 64.3% of the online auction revenue share far beyond its main competitor uBid.com‚ which‚ has emerged at that time gaining a market share of 14.7 percent. The three next largest competitors are‚ Egghead.com with 4.0 percent‚ Yahoo Auctions with 2.4 percent and Amazon Auctions with only 2.0 percent online market share. Represented less than 10 percent of the revenue share in the online auction market in mid 2001. Competitors of eBay are traditional and inefficient
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Procurement at Betapharm Corp. (A) Notes George Brannigan‚ Vice President Doug Burke‚ Director of eSourcing - Betapharm recently implemented the Emptoris ePass system‚ which facilitates eProcurement activities and‚ specifically‚ reverse auctions Industry Information - Pharmaceutical sales experienced average growth in the low teens between 1996 and 2003‚ single-digit growth was expected over the next few years - Betapharm outperformed the industry - Industry benefited from increased demand
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Data Mining-Driven Analysis and Decomposition in Agent Supply Chain Management Networks Kyriakos C. Chatzidimitriou1‚ Andreas L. Symeonidis1‚2 and Pericles A. Mitkas1‚2 1 Department of Electrical and Computer Engineering Aristotle University of Thessaloniki‚ GR541 24‚ Thessaloniki‚ Greece 2 Intelligent Systems and Software Engineering Laboratory Informatics and Telematics Institute/CERTH‚ 57001‚ Thessaloniki‚ Greece {kyrcha‚asymeon}@issel.ee.auth.gr‚ mitkas@auth.gr Abstract In complex
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many different procurement markets in the world. Public sectors often use the system of auctions in order to ensure competition within these markets. Buyers announce their need of a specific good and the date of auction whereby the supplier with the smallest bid gains the contract. Suppliers need a lot of information beforehand in order to be able to react quickly to their competitors’ bids. The system of auctions however often encourages the formation of illegal cartels and price agreements. In the
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