A Web-based Mechanism to Avoid Mispricing Products on E-Commerce Platform

Tai-Chun Wang¹

¹Advanced Research Institute, Institute for Information Industry, Taipei, Taiwan

Abstract

Online mispriced product incidence has been increased dramatically in recent years. Unlike brick-and-mortar retailers, pricing error brings more financial or custom relation loss to online shopkeepers. Hence, to avoid significant losses caused by mispricing products, it could be a benefit if a vendor can prevent this human carelessness during stocking online. In this article, we present a misprice preventing mechanism which based on the concept of web price mining. Via using business process modelling, our method has the flexibility to replace any algorithm components as well as integrated with any reference sites easily. Experimental results indicate that our mechanism can prevent mispricing product in most cases.

Keywords

Author's Profile

Author profile can be generated and linked through our partners World Book of Researchers. To include your profile online Click Here. After it is approved, please email to edlib @ asdf.res.in to create a link with all the papers.

• Tai-Chun Wang : Profile

e-AID

Cite this Article as Follows

Tai-Chun Wang. A Web-based Mechanism to Avoid Mispricing Products on E-Commerce Platform. International Conference on eBusiness, eCommerce, eManagement, eLearning and eGovernance 2014. Vol. 1. Chennai: Association of Scientists, Developers and Faculties, 2014. 104-108. Print.