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・ Private currency
・ Private Dancer
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・ Private Dancer (Tina Turner song)
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・ Private defense agency
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・ Private Detective 62
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Private electronic market
・ Private Emotion
・ Private Employment Agencies Convention, 1997
・ Private Enterprise Foundation
・ Private enterprise in Japan
・ Private Enterprise Number
・ Private equity
・ Private Equity Analyst
・ Private equity firm
・ Private equity fund
・ Private Equity Growth Capital Council
・ Private equity in the 1980s
・ Private equity in the 1990s
・ Private equity in the 2000s
・ Private Equity International


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Private electronic market : ウィキペディア英語版
Private electronic market
A private electronic market (PEM) uses the Internet to connect a limited number or pre-qualified buyers or sellers in one market. PEMs are a hybrid between perfectly open markets (e.g. exchanges where there is no pre-existing relationship between buyer and seller - similar to eBay) and closed contract negotiations (such as a sealed bid tender, where there is no visibility between competitors and hence no response to competition). The core idea of PEMs is to create competition among buyers/sellers while allowing buyers/sellers to adjust all those aspects of the deal that are typically only dealt with in a negotiation.
This creates a problem of "comparing apples and oranges": bids may be quite different in many dimensions and therefore cannot easily be compared. Apart from the dimension of price these could include pre-negotiated discounts (e.g. for loyalty), specific qualities, combinations of goods and services with conditional pricing, freight differentials, contract fulfillment timing, payment terms, or deliberate constraints such as market share limits.
== Practical example ==
VicForests, a government-owned agency in Australia, regularly invites a number of saw mills to bid for native timber supply via (forestauctions.com ). The VicForests Private Electronic Market allows saw mills to specify exactly the volume they require, the quality, species, payment terms etc. Saw mills can also create conditional bids such as "if I win x ''and'' y I am willing to pay more". Further, market participants are factored e.g. based on transport costs. In effect, a saw mill that is further away will have to bid more than one that is close by. Similarly, a bid for one particular lot may be the highest but a bundle created by another participant may still win based on higher total revenue. Participants receive real-time feedback on where they stand with their current bids and are able to respond.
Compared to the traditional sealed bid tender approach, VicForests' PEM resulted in a substantial revenue increase.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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