An Insight into an Innovative Group-Trading Model for E-Markets Using the Scenario of a Travel Agent

Modern Advances in Applied Intelligence

“…After BDI study in the ocean transportation field [1,[24][25][26][27][28][29][30][31][32][33][34], it is noted that most of them discussed the correlation analysis of shipping price variation; however, not many paid attention to the BDI prediction problem. These related studies mainly applied regression model and traditional time series model.…”

“…The system flow chart of the model is shown in Fig. 2 and was illustrated in one of my papers [29]. A brief description for the six stages in the process is as follows: 1) Initiating -In this stage, a core broker setups a proposal for a group-trading project, settle the project with some providers and lists the project on the CBS website.…”

“…There are several assumptions used in the CBM [29]. The model manages the orders on a First Comes First Serves (FCFS) basis.…”

“…Other than FCFS, another option is to use the Shapley value, which is decided by the original amount ordered by each customer. An agreement may also be reached amongst the customers on the distribution over the conflicting issues through a multiple stage negotiation process [31].…”