Use of Ontologies to Support the Situation Room Metaphor as an Auction Engine for Corporate Information and Knowledge Exchange

Abstract

In this paper, we present a methodology for modelling corporate interactions using the concept of the situation room as a supporting paradigm. Such an approach enables a way to model interactions of a rather idiosyncratic nature, in this instance a closed corporate auction market that is concerned with the exchange and valuation of intangible goods, namely information per se. Work presented in this paper forms part of a wider research in defining a methodological framework for Situation Room Analysis (SRA), and its deployment for complex auctions systems study. Using this approach we propose the use of ontologies as a powerful means to support the implementation of multi‐party collaboration and decision‐making activities that build on the paradigm of a Situation Room (SR). The approach is characterized as top‐down in that the SR paradigm is conceptualized through three related models: the Situation Room Model (SRM), the Information Management Model (IMM) and the Situation Analysis Model (SAM). The ontolog...