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Designing a newe-business model for a commercial real estate enterprise: a case study

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A new e-business model for implementing complex business transactions via the Internet has been created. The model involves search, negotiation, and legal closing, and its implementation, as described here, is able to: quantitatively evaluate preferences of potential customers (tenants and landlords), and define permissible search areas and allowable ranges for bargaining; search all publicly available databases and generate a statistical model of the current market situation and future tendencies as they relate to the customer's preferences; and organise interactive multi-party negotiations pertaining to the information received, and formulate suggestions that will establish the basis for a compromise.
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Keywords: Data Handling; Entrepreneurialism; Optimization Techniques; Real Estate; Service Industries; Service Operations

Document Type: Research Article

Publication date: 01 February 2004

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