As a result, the ontology will support a common vocabulary for transparent
knowledge exchange among inter-organizational systems of business partners
of a value chain, so that semantic interoperability can be achieved. An example is
D'Aubeterre, S ngh, and Iyer
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furnished to illustrate how semantic knowledge transparency in the e-marketplace
provides critical input to the supplier discovery and selection decision problem while
reducing the transaction and search costs for the buyer organization.
Introduction
Business partners, in this digital economy, perform large numbers of transactions in
open, dynamic, and heterogeneous environments. Inter-organizational information
systems and communication technologies are considered as key factors for improving
communication and reducing coordination costs among business partners in a
value chain??”we consider virtual organizations as an extension of a traditional value
chain, where business partners must coordinate resources and activities to effectively
achieve common goals.
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