Net Exchange Launches Common Knowledge Decision Support Market Product Line.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 1, 2003 Net Exchange announced today the launch of its Common Knowledge Decision Support Market product line. Common Knowledge Markets are based on the combinatorial automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. market maker (CAMM CAMM Council of American Maritime Museums CAMM Center for the Accelerated Maturation of Materials (Ohio State University) CAMM Computer-Assisted Material Management CAMM Computer-Aided Manufacturing Management ) technology that was at the core of the Pentagon's recently terminated Policy Analysis Market (PAM). The knowledge that can impact an organization's decisions is often distributed across the members of that organization. Traditional internal assessment processes and external contracted studies are expensive, inefficient, and often inconclusive INCONCLUSIVE. What does not put an end to a thing. Inconclusive presumptions are those which may be overcome by opposing proof; for example, the law presumes that he who possesses personal property is the owner of it, but evidence is allowed to contradict this presumption, and show who is . Net Exchange's Common Knowledge line of decision support markets pools information held by the organization's members who have the information and then refines expert advice from this pool - converting scatted information into common knowledge. The Common Knowledge product line ranges from a self-contained application for smaller scale internal firm use to an ASP version for occasional, larger scale and/or more specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. uses. The core CAMM order-matching engine can also be integrated into larger applications. Initial sales of self-contained Common Knowledge product are anticipated this December after the product completes internal and field-testing. The initial ASP deployment will be a reconstituted Policy Analysis Market (PAM) that will open in March 2004. PAM will be independent of Pentagon or any type of government involvement and will act to showcase Common Knowledge features while providing a valuable forum for individuals interested in the future of the Middle East. Net Exchange pioneered the commercial use of combinatorial auctions A combinatorial auction is an auction in which bidders can place bids on combinations of items, or “packages,” rather than just individual items. Simple combinatorial auctions have been used for many years in estate auctions, where a common procedure is to auction the and exchanges, introducing the first such auction in 1993 and exchange in 1995. CAMM is a new approach to combinatorics combinatorics (kŏm'bənətôr`ĭks) or combinatorial analysis (kŏm'bĭnətôr`ēəl) that is ideally suited to decision support, both within an organization and among individuals and organizations. Contact: Product Inquiries 858-724-0390 To inquire in·quire also en·quire v. in·quired, in·quir·ing, in·quires v.intr. 1. To seek information by asking a question: inquired about prices. 2. about Common Knowledge products, send e-mail to CommonKnowledge@nex.com For more information on Net Exchange, see www.nex.com For more information on the Policy Analysis Market, see www.PolicyAnalysisMarket.org |
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