US domestic barter: an empirical investigation

Cresti, Barbara

doi:10.1080/00036840500193559

Cited by 13 publications

(16 citation statements)

References 11 publications

(4 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…An exception is the work of Cresti, which examines theoretical economic rationale for development of the barter industry in industrialized countries [6], as well as investigating the macroeconomic variables influencing the industry in the United States [7]. But there exists no formal literature describing the barter trade exchange industry on an operational level.…”

Section: Barter Trade Exchange Modelmentioning

confidence: 99%

Balanced matching of buyers and sellers in e-marketplaces

Haddawy

Rujikeadkumjorn

Dhananaiyapergse

et al. 2004

Proceedings of the 6th International Conference on Electronic Commerce - ICEC '04

View full text Add to dashboard Cite

In this paper, we describe the operation of barter trade exchanges by identifying key techniques used by trade brokers to stimulate trade and satisfy member needs, and present algorithms to automate some of these techniques. In particular, we develop algorithms that emulate the practice of trade brokers by matching buyers and sellers in such a way that trade volume is maximized while the balance of trade is maintained as much as possible. We show that the buyer/seller matching and trade balance problems can be decoupled, permitting efficient solution as well as numerous options for matching strategies.We model the trade balance problem as a minimum cost circulation problem (MCC) on a network. When the products have uniform cost or when the products can be traded in fractional units, we solve the problem exactly. Otherwise, we present a novel stochastic rounding algorithm that takes the fractional optimal solution to the trade balance problem and produces a valid integer solution. We then make use of a greedy heuristic that attempts to match buyers and sellers so that the average number of suppliers that a buyer must use to satisfy a given product need is minimized.We present results on the empirical evaluation of our algorithms on test problems and simulations. Experiments show that our algorithm (MCC + stochastic rounding) runs in a fraction of the time of a commercial mixed integer programming (MIP) package while producing solutions that are always within 0.7% of the MIP solution. We evaluate the effectiveness of our algorithm on maintaining balance and on stimulating trade using two different simulation techniques, both based on transaction history data from a trade exchange. The simulation results support the barter trade exchange rule of thumb that maximizing single-period trade volume while maintaining balance of trade helps to maximize trade volume over the long run.

show abstract

Section: Barter Trade Exchange Modelmentioning

confidence: 99%

Balanced matching of buyers and sellers in e-marketplaces

Haddawy

Rujikeadkumjorn

Dhananaiyapergse

et al. 2004

Proceedings of the 6th International Conference on Electronic Commerce - ICEC '04

View full text Add to dashboard Cite

show abstract

“…In times of crisis, a strong correlation exists between barter trades and business cycles, caused by the amount of barter transactions. Marvasti and Smyth (2011) and Cresti (2003) carried out studies in the U.S. region focusing on behaviour in barter exchanges between commercial barter and corporate barter. Both of these barter types are positively correlated with business inventories.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Methodology For The Selection Of Compensation Trade Tools In SMEs

Milichovský

Koleňák

2014

Danube

View full text Add to dashboard Cite

The main aim of this paper is to determine which factors of business tools are important in Czech companies. To find these factors, theoretical information from the area of trade tools and data from primary research (obtained via questionnaire) were used. These data are applied by a statistical evaluation of selected indicators which could help determine the significance of the indicators in the area being monitored. Activities concerning the management of company finances are also partially incorporated, as due to their close cohesion with business, they cannot be excluded from the field of turnaround management. The business tools described in the paper see excellent usage not only during times of crisis but also in periods of prosperity, when their application provides companies with unique competitive advantages as a way of increasing GDP. The results of the paper confirm the necessity for compensation tools in the business environment and provide the significance level of the compensation tools used. Accurate usage could create an advantage in a global market characterised by high competition.

show abstract

“…Marvasti and Smyth (2011) and Cresti (2003) realised studies in U.S. region, where they have focused on behaviour in barter exchanges between commercial barter and corporate barter. Both of these barter types are positively correlated with business inventories.…”

Section: Introductionmentioning

confidence: 99%

Development of Creative Thinking in Connection with Compensation Trades

Koleňák¹,

Milichovský²

2015

Acta Univ. Agric. Silvic. Mendelianae Brun.

View full text Add to dashboard Cite

Current business environment in world perspective brings diff erent impact on possible development. During economic crisis in last couple of years world economic growth has getting slower, market shares are rapidly falling down. That situation could create new dimension of competition because of large competitors' intensity on the market due to developed logistics and information technologies. Based on the theoretical data there are applied statistical methods, which should be achieved of main aim of the paper. The main aim of the article is defi ning possible trend of using business tools as a way, how is practicable get out of economic crisis. For this reason there was used questionnaire survey, focused on small and medium companies during economic crisis (between 2009 and 2013). Observed business tools have quite excellent usage not only in the time of crisis, but also in prosperity times, when the companies provide unique competitive advantages. During tracked periods there were advance of gained knowledge about compensation tools by various learning methods.

show abstract

US domestic barter: an empirical investigation

Cited by 13 publications

References 11 publications

Balanced matching of buyers and sellers in e-marketplaces

Balanced matching of buyers and sellers in e-marketplaces

Methodology For The Selection Of Compensation Trade Tools In SMEs

Development of Creative Thinking in Connection with Compensation Trades

Contact Info

Product

Resources

About