Abstract
Computerized Travel Reservation Systems (CRS) are next to Computerized Financial Markets one of the most important and prominent applications of electronic market systems.
We want to introduce constitutive elements and concepts of electronic markets as emerging forms of organization and economic coordination. Within electronic markets and interorganizational systems, a wide variety of coordination or trading mechanisms, such as auctions, offer/accept and matching systems, are used. We will present a rough taxonomy of such coordination mechanisms. Aspects of implementing electronic markets will be discussed under the heading of systems architectures namely message passing systems. A particular focus will therefore be set on the comparison of different types of coordination mechanisms and enabling systems architectures. The example of CRS and in particular Galileo is used to illustrate different functional properties of coordination mechanisms and organizational contingencies for their application. Implications and requirements for the systems and application architecture will be discussed.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Bakos, J.Y.: A strategic analysis of electronic marketplaces, in:MIS Quarterly 15, pp. 295–309, 1991.
Barrett, S.: An IS* case: the closed loop scenario, in: Information and Management 10(5), pp. 263–269, 1985.
Bradley, C., Smith, D.: Networking Reservations, in: Network World, pp. 22–45, August 22, 1988.
Bues, M.: Offene Systeme - Herausforderung an das Informatik-Management. SVD/VDF-Tagung, Zürich, pp. 4–4. March, 1993.
Claybrook, B.: OLTP - Online Transaction Processing Systems. John Wiley Verlag, 1992.
Clemons, E.K., Row, M.C.,Miller, D.B.: Rosenbluth Internatonal Alliance: Information Technology and the Global Virtual Corporation, in: Nunamaker, Jay F., Sprague R.H. (Eds.): Pro ceedings of the 25th Hawaii International Conference on System
Science, Vol. IV: Information Systems, Los Alamitos, Ca., pp. 678–686, 1991
Copeland, D.G., McKenney, J.L.: Airline Reservation Systems: Lessons from history, in: MIS Quarterly 12, pp. 353–370, 1988.
Dennis, S.G.P.: Automating financial markets, in: Data processing formation technology as a legal intermediary, in: Stamper R.K., Kerola R., Lee R., Lyytinen K.J. (Eds.): Collaborative Work, Social Communications and Information Systems. Elsevier Science Publishers B.V. North Holland, 1991.
Domowitz, I.: The mechanics of Automated Trade Execution Systems, in: Journal of Financial Intermediation, p. 175f.
Garbade, K: Securities Markets, McGraw Hill, p. 426, 1982.
Gifford, D., Spector, A.: The TWA Reservation Systems (Case Study), in: Communications of the ACM 27(7), pp. 650–665, 1984.
Hooper, M.D.: Rattling Sabre - New Ways to Compete on Information, in HBR, pp. 118–129, May-June 1990.
Kimbrough, S.O., Isakowitz, I.: Perspectives in Electronic Shopping: On beyond Automated Order Entry. Center for Research on Information Systems, Leonard Stern School of Business. New York University. Working Paper Series, 1989.
Lamport, L., Lynch, N.: Distributed Computing: Models and Methods, Chapter 18, in: Handbook of Theoretical Computer Science. Elsevier Science Publishers B.V. North Holland, 1990.
Langenohl, T.J.: Systemarchitekturen elektronischer Märkte (systems architectures of electronic markets), (in print).
Lee, KM.: International Contracting - A formal language approach. Hawaii International Conference on System Sciences. Kona, Hawaii, 1988.
Lee, H.G., Lee, R.M.: Intelligent Electronic Trading for Commodity Exchanges, in: EM-Electronic Markets, Vol. 3, No. 9/10, pp. 5–6, 1993.
Lee, R.M., Widmeyer, G.: Shopping in the Electronic Marketplace, in: Journal of Management Information Systems 2(4), pp. 21–35, 1986.
Lindsey, D., Cheney, P.H., Kasper, G.M., Ives, B.: TELCOT: An Application of Information Technology for Competitive Advantage in the Cotton Industry, in: MIS Quarterly 14. December, 1990.
Nun, G.J.: Open Systems. Prentice Hall Verlag, 1992.
Reck, M.: Formally Specifying an Automated Trade Execution System, in: Journal for Systems Software, Vol. 21, pp. 245–252, 1993.
Reck, M.: A formal taxonomy of Electronic Auctions, (in print).
Schmid, B.; Elektronischer Märkte–Electronic Markets, in: Wirtschaftsinformatik, Vol. 35, No. 5, pp. 465–480, 1993
Siegel, D.R. (Ed.): Innovation and Technology in the Market A Reordering of the World’s Capital Market Systems. Probus Publishing Company, 1990.
Tolchin, M.: U.S. Sues 8 Airlines over Fares - Computer Called Price-Fixing Tools, in: NYT, p. Dl; D13. December 22, 1992.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1994 Springer-Verlag/Wien
About this paper
Cite this paper
Klein, S., Langenohl, T.J. (1994). Coordination Mechanisms and Systems Architectures in Electronic Market Systems. In: Schertler, W., Schmid, B., Tjoa, A.M., Werthner, H. (eds) Information and Communications Technologies in Tourism. Springer, Vienna. https://doi.org/10.1007/978-3-7091-9343-3_39
Download citation
DOI: https://doi.org/10.1007/978-3-7091-9343-3_39
Publisher Name: Springer, Vienna
Print ISBN: 978-3-211-82543-3
Online ISBN: 978-3-7091-9343-3
eBook Packages: Springer Book Archive