Virtual Enterprise Transactions: A Cost Model

A. D’Atri () and A. Motro ()
Additional contact information
A. D’Atri: Università LUISS Guido Carli
A. Motro: George Mason University

A chapter in Information Systems: People, Organizations, Institutions, and Technologies, 2009, pp 165-174 from Springer

Abstract: Abstract A transaction is a bilateral exchange between two parties in which goods are delivered in return for payment. In virtual enterprise environments, transactions are the principal means of collaboration among the enterprise members, as well as the mechanism with which the enterprise provides its products to its external clients. In this paper we examine the concept of transactions in virtual enterprises. We define transactions as recursive processes (similar to supply chains), and we formalize the concept of transaction cost. We then examine transaction failure and transaction risk, which lead us to the concept of transaction expected loss. The overall goal is to allow enterprise members to launch those transactions that minimize their expected losses. We also discuss how initiating redundant transactions can further reduce expected losses.

Keywords: Production Plan; Cost Model; Expected Loss; Virtual Enterprise; Transaction Model (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-7908-2148-2_20

Ordering information: This item can be ordered from
http://www.springer.com/9783790821482

DOI: 10.1007/978-3-7908-2148-2_20

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().