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The Method of Automated Monitoring of Product Prices and Market Position Determination in Relation to Competition Quotes - Monitoring of Product Prices and Marketability Development with Continuous Assessment of Market Position in on-Line Sales

Topics: Business Models; Business Policy, Strategy and Governance; Entertainment; Technologies and Tools; Web Services

Authors: Radoslav Fasuga ; Pavel Stoklasa and Martin Němec

Affiliation: VŠB Technical University of Ostrava, Czech Republic

ISBN: 978-989-758-043-7

Keyword(s): e-Commerce, Price Trends, Competitor Monitoring, Product Aggregator, Auction Systems, Availability of Products, XML, Product Availability, Online Sales, e-Shop.

Related Ontology Subjects/Areas/Topics: Applications ; Business Models ; Business Policy, Strategy and Governance ; Cloud Computing ; Collaboration and e-Services ; Data Engineering ; e-Business ; Enterprise Engineering ; Enterprise Information Systems ; Entertainment ; Logistics ; Mobile Software and Services ; Ontologies and the Semantic Web ; Services Science ; Software Agents and Internet Computing ; Software Engineering ; Software Engineering Methods and Techniques ; Sustainable e-Business ; Technologies and Tools ; Telecommunications ; Web Services ; Wireless Information Networks and Systems

Abstract: This article deals with the issue of automated determination of product sales price in the on-line environment. It also describes the method of calculation and the importance of global market position based on the prices and services offered. The article describes the sources where you can obtain information on the prices and marketability of the products. It describes the procedure to find the relevant products on the competitor's websites, in product aggregators and auction systems. The article describes the monitoring of price trends, product availability, promotional offers, sales and other means of sales promotion and on-line marketing. In its final part the article describes the method that based on the information obtained recommends the setting of the particular product price level, monitors the market developments and recommends the seller price changes in relation to the current state of the market. Finally, it presents an on-line application solution in which the previously described procedures are implemented. (More)

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Paper citation in several formats:
Fasuga, R.; Stoklasa, P. and Němec, M. (2014). The Method of Automated Monitoring of Product Prices and Market Position Determination in Relation to Competition Quotes - Monitoring of Product Prices and Marketability Development with Continuous Assessment of Market Position in on-Line Sales.In Proceedings of the 11th International Conference on e-Business - Volume 1: ICE-B, (ICETE 2014) ISBN 978-989-758-043-7, pages 5-13. DOI: 10.5220/0005014400050013

@conference{ice-b14,
author={Radoslav Fasuga. and Pavel Stoklasa. and Martin Němec.},
title={The Method of Automated Monitoring of Product Prices and Market Position Determination in Relation to Competition Quotes - Monitoring of Product Prices and Marketability Development with Continuous Assessment of Market Position in on-Line Sales},
booktitle={Proceedings of the 11th International Conference on e-Business - Volume 1: ICE-B, (ICETE 2014)},
year={2014},
pages={5-13},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005014400050013},
isbn={978-989-758-043-7},
}

TY - CONF

JO - Proceedings of the 11th International Conference on e-Business - Volume 1: ICE-B, (ICETE 2014)
TI - The Method of Automated Monitoring of Product Prices and Market Position Determination in Relation to Competition Quotes - Monitoring of Product Prices and Marketability Development with Continuous Assessment of Market Position in on-Line Sales
SN - 978-989-758-043-7
AU - Fasuga, R.
AU - Stoklasa, P.
AU - Němec, M.
PY - 2014
SP - 5
EP - 13
DO - 10.5220/0005014400050013

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