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In-Depth Information
•
Scenario 5:
In case of buyer's intended buying volume is smaller than the seller's selling volume,
the buyer can form a consortium with the combined volume meeting the seller's volume. (Auction
case 3)
•
Scenario 6:
Incase of buyer's
intended buying volume is smaller than the seller's selling volume,
the buyer tried to form a consortium but fail to meet the seller's volume. (Auction case 3)
The details of state transitions associated with the trading transaction scenarios are shown in Tables
1 to 6.
Table 1. Scenario 1
Situation
Point
Condition
Outcome
P0
Move to t
1
A buyer (
i
) wants product A, 100 (
b
Q
) units for p dollars
each. And there is a seller wants to sell the product A. The
seller has 100 units.
t
1
The buyer offers 100 units of product A for p dollars each.
Move to P1
P1
It goes to t
3
.
b
Q
= 100 and it matches the sum of the seller's volumes.
t
3
The buyer
i
and the seller do transaction.
Move to P3
P3
Buyer and seller's trading volume is met and the buyer
accepts the seller's offer.
Terminate with transaction.
Table 2. Scenario 2
Situation
Point
Condition
Outcome
P0
Move to t
1
A buyer (
i
) wants product A, 100 (
b
Q
) units for p dollars
each. And there is a seller wants to sell the product A. And
there is only one seller who has 40 units of the product A.
t
1
buyer offer product A, 100 units for p dollars each.
Move to P1
P1
b
Move to t
2
Q
= 100 and it does not match the seller's volumes. It goes
to t
2
.
t
2
Seller rejects the offer. It goes to P2
Move to P2
P2
Match is failed
Terminate with no
transaction
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