Engineering Commons^™

An Automated Negotiation System For Ecommerce Store Owners To Enable Flexible Product Pricing, Jake O'Halloran

Dissertations

If a store owner wishes to sell a product online, they traditionally have two options for deciding on a price. They can sell the product at a fixesd price like the products sold on sites like Amazon, or they can put the product in an auction and let demand from customers drive the final sales price like the products sold on sites like eBay. Both options have their pros and cons. An alternative option for deciding on a final sales price for the product is to enable negotiation on the product. With this, there is a dynamic nature to the …