• Title/Summary/Keyword: Electronic trading

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Application of Differential Evolution to Dynamic Economic Dispatch Problem with Transmission Losses under Various Bidding Strategies in Electricity Markets

  • Rampriya, B.;Mahadevan, K.;Kannan, S.
    • Journal of Electrical Engineering and Technology
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    • v.7 no.5
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    • pp.681-688
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    • 2012
  • This paper presents the application of Differential Evolution (DE) algorithm to obtain a solution for Bid Based Dynamic Economic Dispatch (BBDED) problem including the transmission losses and to maximize the social profit in a deregulated power system. The IEEE-30 bus test system with six generators, two customers and two trading periods are considered under various bidding strategies in a day-ahead electricity market. By matching the bids received from supplying and distributing entities, the Independent System Operator (ISO) maximize the social profit, (with the choices available). The simulation results of DE are compared with the results of Particle swarm optimization (PSO). The results demonstrate the potential of DE algorithm and show its effectiveness to solve BBDED.

A Study on the Introduction and Implications of the Bank Payment Obligation under SWIFT's Trade Services Utility (글로벌 전자무역에서 SWIFT의 TSU BPO의 도입과 과제)

  • Chae, Jin-Ik
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.49
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    • pp.409-434
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    • 2011
  • SWIFT has designed Trade Services Utility(TSU) to meet the new paradigm of electronic trade. The Trade Services Utility is a matching and workflow application that sits on the SWIFT network. The TSU is designed to help banks offer advanced supply chain services to their corporate customers who are involved in open account trading. Nowadays, the Bank payment obligation(BPO) can optionally be included in a baseline by mutual consent. The BPO is an irrevocable and conditional obligation of an obligor bank(buyers bank) to pay a specified amount to seller's bank according to an established baseline of a single TSU transaction. Therefore, SWIFT enables its customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations. Whereas, Banks can use the core functionality of the Trade Services Utility to offer competitive services that complement existing services. But SWIFT need to come up with the measures of activating the TSU BPO. So, this paper is to introduce TSU BPO and check the measures for the activation of the TSU BPO under the electronic trade environment.

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SUPPORTING USERS IN ELECTRONIC BUSINESS-TO-BUSINESS MARKETS

  • Roberto Okada;Akihiro Fujii;Tuyoshi Ohtani
    • Proceedings of the Korean Society for Emotion and Sensibility Conference
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    • 2000.04a
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    • pp.337-341
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    • 2000
  • In recent years, electronic commerce (EC) business has shown a tremendous growth, which put additional cognitive and time-consuming loads on the human users. Intelligent software agents are one key technology to support users doing real EC-business.We propose an Agent-based Business-to-Business(B2B) Marketplace on Internet, where constituent members cooperate or compete in order to get the best possible deals, with the aim of reducing user loads.In case of B2B deals, the good itself shows a complicated behaviour, e.g.price discounts depending o the lot, discounts for cross-buying and so on. It is impractical to concentrate all the knowledge about the goods and the trading strategies at the buyer/seller side. Instead, we include such information in the good itself, which allow us to model the goods as being agents.

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Electronic data interchange systems research : methodologies and a cumulative tradition (EDI 시스템의 연구 동향)

  • 이동만;정경수;김병곤
    • Korean Management Science Review
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    • v.14 no.2
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    • pp.19-45
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    • 1997
  • With the proliferation of telecommunication technologies, the traditional internal focus of information systems has shifted to entities beyond the organization's boundaries. In recent years, electronic data interchange (EDI) has come to revolutionize the way in which a business operates and relates to other businesses, Based on the establishment of trading activities, EDI systems have come to signify a speedy, efficient, and accurate means of electronically exchanging business transactions This study examines the current research trends in the area of EDI systems and identifies several issues for future research.55 articles in the EDI area from 1987 through 1996 were collected from related journals and proceedings of conferences. The articles are categorized by years and journals. The amount of EDI research has increased dramatically during the period of the study. Also, presented are the results of a content analysis of the articles. The findings not only provides general information about reserch methods, and direction of EDI study.

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Studying Retailer Strategies through an Integrated E-Business Model: a Multi-Agent Approach

  • Xie Ming;Chen Jian
    • Management Science and Financial Engineering
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    • v.11 no.3
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    • pp.1-17
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    • 2005
  • Agent technology has been widely applied in today's electronic business, such as mobile agents, multi-agent information systems, etc. In particular, multi-agent systems have been applied as powerful simulation tools to study complex business networks composed of various self-interested trading firms and/or human beings. In this paper, we build an integrated model that consists of a multi-agent B2C market model and a B2B trade network model, and incorporate more reality than much of prior work. Then with this model, we carry out experimental studies on two different strategies that are common in electronic business - 'loyal' strategy (retailers try to build stable cooperation with suppiers to ensure material supply) and 'cost-saving' strategy (retailers try to reduce cost by choosing suppliers with lower wholesale price).

Design and Implementation of Electronic Supply Chain Management Using XML/EDI (XML/EDI를 활용한 e-SCM 시스템의 설계 및 구현)

  • Gang, Seong-Bae;Chu, Seong-Yun;Mun, Tae-Su
    • 한국디지털정책학회:학술대회논문집
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    • 2003.12a
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    • pp.275-289
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    • 2003
  • Most of companies related to the area of B2B electronic commerce are making their efforts to innovate their existing business process into new designed supply chain process. eSCM system using XML/EDI has potential to impact on reshaping the relationship between traditional trading partners. This study intends to suggest a prototype of eSCM system using XML/EDI. To implement eSCM system, we analyze and design the supply chain process by using Unified Modeling Language, with a firm, which is a first vendor to produce LAMP, engaged in Korean automobile industry.

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The Design and Implementation of Internet Auction System Support Bidding Trace (입찰 추적을 지원하는 인터넷 경매 시스템 설계 및 구현)

  • Kim, Chung-Seok
    • The Transactions of the Korea Information Processing Society
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    • v.7 no.5S
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    • pp.1719-1725
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    • 2000
  • Since the advance of WWW, internet related fields have been growing very rapidly. Especially, the development of electronic commerce ares have changed even or life style. This paper is about the design and implementation of an internet auction system, which is considered as on of the most attractive internet services. An internet auction system has more complex processes compared with other electronic commerce systems. In auction systems, bids and a successful bid are required in trading all goods. In this paper, I designed and implemented all processes of an internet auction system, in which a bid tracing systems is included for the first time. The bid tracing system is implemented using only HTTP in maintain compatibility in WWW environment. I also used th JAVA blocking concept to simulate two-way communication. The proposed system is implemented on Windows NT environment using JAVA, ASP, and the Oracle database.

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Workflow model for Information Control of trading partner in Electronic Commerce (전자상거래에서 트레이딩 파트너간 정보 제어를 위한 워크플로우 모델)

  • Kang, Tae-Gyu;Lee, Bong-Seok;Kim, Kwang-Hoon;Paik, Su-Ki
    • Proceedings of the Korea Information Processing Society Conference
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    • 2000.04a
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    • pp.410-413
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    • 2000
  • 전자상거래(Electronic Commerce)는 워크플로우를 이용하여 기존 상거래에서 나타나는 유통 구조상의 문제점을 개선할 수 있다. 전자상거래의 거래 패턴은 기존 상거래의 패턴과는 달리 각 노드간 네트워크를 기반으로 형성된다. 본 고에서는 전자상거래를 네트워크기반에서 조명하고, 거래 패턴에 따른 가치사슬 워크플로우 모델 특성을 분석하였다. 소비자-소매점-제조업-배송 노드간에 발생하는 처리 절차를 기술하였다. 또한, 워크플로우 데이터 분류, 고려사항 등을 기술하였다.

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A Study on Countermeasures of Electronic Component Industry according to Korean Emission Trading Scheme Enforcement (국내 배출권거래제 시행에 따른 전자부품산업 대응방안 연구)

  • Choi, Eun Kyung;Lim, Hoseon;Lee, Min Young;Shin, Seung-chol
    • Journal of Climate Change Research
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    • v.5 no.4
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    • pp.331-338
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    • 2014
  • The continued efforts to reduce GHG emission by international cooperation and each country are in progress. As part of these efforts, Korea's ETS is enforced in 2015. This was the time to make strategies for each company to respond Korea's ETS. This study was performed to suggest a draft of basic strategies for electronic component industry in current Korea's ETS stage are as follows; - Analyzing the nature of electronic component industry - Identifying needs for corresponding ETS of electronic component industry - Analyzing basic countermeasures for each stage of ETS - Suggesting drafts of basic strategies for electronic component industry in current Korea's ETS stage The result of this study, the current stage of Korea's ETS is moving from implementation of the scheme become determined and prepare the minimum corresponding to direct corresponding to the regulation and market change. Electronic component industry has many GHG emission growth(or change) factor, and it will be make electronic component industry as a buyer when Korea's ETS is enforced. Korea's ETS will be clearly act as a regulation rather than new business for electronic component industry. Therefore, identifying the Korea's ETS as a regulation is resonable strategy for corresponding the scheme. The basic strategies of electronic component industry th responding Korea's ETS are as follows; - Building internal organization and decision-making system before enforcement the Korea's ETS - Establishing internal basic corresponding strategies according to carbon price forecast scenarios - Considering the energy consumption and GHG emissions in design phase and preparing the global ETS market in mid or long term.

The Main Contents and Characteristics of the Draft Convention on Electronic Contracting (전자계약에 관한 국제협약 초안의 주요내용과 특징에 관한 연구)

  • Choi, Seok-Beom;Park, Chong-Suk;Jung, Jae-Woo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.20
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    • pp.467-493
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    • 2003
  • There are situations in e-commerce that are altogether new and to which the existing rules cannot apply. The uncertainty and business risk is too high for trading partners to deal with certainty. Therefore existing law must be changed to e-commerce law so that it provides certainty and enforceability in the e-commerce. Legal rules applying to the commerce and international commerce, in particular, contracts, proper law, jurisdiction and so on, have improved with time and experience. It has been found that the problems arising in the context of e-contracting were due to the absence of experience in electronic contracting and an absence of knowledge on how best to solve the problems. Thus, UNCITRAL Working Group on Electronic Commerce held an extensive discussion on issues related to electronic contracting and prepared and revised the Preliminary Draft Convention on International Contracts Concluded or Evidenced by Data Message from the thirty-ninth session in 2002 and prepared the Draft Convention from forty-first session which applies to international contracts concluded or evidenced by means of data messages. An electronic contract is concluded when the acceptance of an offer becomes effective, and an offer becomes effective when it is received by the offeree, and an acceptance of an offer becomes effective when the indication of assent is received by the offeror according to this Convention. Electronic contract may be concluded by the interaction of an automated computer system and natural person or by the interaction of automated computer systems, and a contract formed by a natural person that accesses an automated computer system of another person has no legal effect in case the neutral person made a material error in a data message. The purpose of this paper is to raise the understanding of the Convention on the Electronic Contracting by studying the contents of Draft Convention on Electronic Contracting and comparing Draft Convention with preliminary Draft Convention and finding the difference, characteristics and problem.

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