An approach to establish and evaluate pricing business process in electronic commerce

There are a lot of illogical factors in traditional pricing business process, such as low level of information, automation and poor net, which decrease pricing efficiency, especially in electronic commerce. To solve this problem, traditional pricing business process is analyzed, valued and reengineered with a method of business process quantitative analysis based on process algebra. Then a new pricing business process that is suitable for electronic commerce environment is established according to the principles of business process reengineering and the characteristics of pricing in electronic commerce environment. The evaluation criterions before and after process reengineering are investigated, and the results are satisfied. The results verify that the methods are practical.