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Information & Market Engineering

Head: Prof. Dr. Christof Weinhardt

Secretariat: Astrid Burg
Links: IM∂IISM

The research group Information & Market Engineering (IM) focuses on the challenges imposed by electronic markets and on the approaches used to meet these challenges. Our vision is to apply a well-defined and structured engineering process to create new markets and to re-engineer existing markets. The methodology of Market Engineering is a very promising way to design and implement new possible market structures combining the disciplines of economics, informatics and law. The basis for a deeper understanding of the research field Market Engineering is established through theories, methods and tools from these underlying disciplines.

Within recent years, several new research projects have been initiated in cooperation with partners from industry and research. Several theories, methods and tools are applied to analyze coordination mechanisms in electronic markets, regard self-organizing and spontaneous markets, implement complex and dynamic organizations (eOrganisation) and develop innovative and intelligent information services. As a result, a variety of software prototypes has been conceived and implemented for various application domains such as finance, logistics, eCommerce and energy.

Project research is made possible through a close collaboration between the institute and organizations and companies from industry and research. This relationship ensures the transfer of technology and knowledge between the IW and its partners. As a result, several new research projects have been initiated and a variety of software prototypes have been developed and implemented. Two examples of current research cooperations between the IW and industry and research include the project SESAM as part of the bmb+f internet economy research program, as well as the Graduate School for IME founded by the DFG.

The financial support and academic cooperation between a number of respected organizations from industry and academia is remarkable. Within this network, all participants contribute expertise, energy, and encouragement – the basis for excellence in research. We sincerely thank our partners and look forward to continued and enriching partnerships.