Post active period

This forum focuses on how the principles of business processes within the market place were conceived.

Post active period

Postby dustremover » Mon Dec 09, 2013 10:58 pm

Soon after the creation of the market place, it became clear that a certain feature would have to be implemented in order to enable a sound flow of the business processes within: A feature which is called “Post active period”.

Background: It is normal human behavior that nobody makes a decision unless he has to. It is normal pattern of human behavior that everyone keeps all options open as long as possible, until the very last moment. It is the normal pattern of a development of an online auction that not very much happens during the first days, but a lot of bids happen during the last minutes towards the closure. In an auction, there may be more than one driver which motivates the participants to act this way. First driver is: Participants hope to get the auctioned item cheaper if they place their highest bid as late as possible. Sometimes this theory might in fact work, because this way to do gives competing participants no time to react. Second driver: Participants might obtain the same or a similar item in a different auction or totally elsewhere. In any case: Both drivers motivate people to a reluctant bidding behavior.

The proprietors and operators of hodegos intend to provide mechanisms which enable “a sound flow”, as mentioned. How can this be when big projects such as a concert or even an international tour is at stake and when normal pattern of human behavior is that no decisions are made or if at all, then during the last moments of an offer towards closure? Because: Suppose the reasonable and rather acceptable counter offers are posed five minutes prior to the closure, how can realistically any decisions be made, when the ramifications might be to make international travel arrangement and a lot more? The answer is: Doing so, doing all sorts of things during the few moments towards the end of the active time of an offer, may not be realistic.

More realistic is this: On hodegos, an original offerer has received several counter offers from numerous other participants of the market place. These counter offers may have been received during the entire duration of the original offer. After the original offer has closed, no more new counter offers can be posed. All already posed counter offers remain valid for the period of one week which is the “Post active period”. The “Post active period” enables the original offerer to examine and compare. To check the possibility of realization, availability of resources, quality of counter offers etc. He can choose. He can award the best bid and make a contract. Or he can decline all counter offers.

Important is: The pressure which would perhaps prevail if there were no “Post active period” does not prevail.
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