Designing a newe-business model for a commercial real estate enterprise: a case study
Author: Stavrovski, Boris
Source: Online Information Review, Volume 28, Number 2, 2004 , pp. 110-119(10)
Publisher: Emerald Group Publishing Limited
Abstract: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.
Document Type: Research Article
Publication date: February 1, 2004