Method and apparatus for creating and managing complex business processes

A method and apparatus are disclosed for managing composite business processes that include multiple trading mechanisms, such as requests for quotes (RFQs), auctions and contracts, or repeat passes through a single trading mechanism. The independence of the individual business processes that manage...

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Hauptverfasser: SAIRAMESH JAKKA, GUPTA TITANIA MARY, SCHIEFER JOSEF, COHEN MITCHELL ADAM, HASSON LAURENT DAVID, SUBRAMANIAN REVATHI, LI JIANREN, MOHAN RAKESH, HOUSTON JOHN SCOTT
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creator SAIRAMESH JAKKA
GUPTA TITANIA MARY
SCHIEFER JOSEF
COHEN MITCHELL ADAM
HASSON LAURENT DAVID
SUBRAMANIAN REVATHI
LI JIANREN
MOHAN RAKESH
HOUSTON JOHN SCOTT
description A method and apparatus are disclosed for managing composite business processes that include multiple trading mechanisms, such as requests for quotes (RFQs), auctions and contracts, or repeat passes through a single trading mechanism. The independence of the individual business processes that manage each trading mechanism is maintained, while each individual business process can be connected to other business processes to form a composite business process. Each individual business process that may be followed by another business process to form a composite process must have at least one state labeled as a conversion state with a conversion transition to another business process. A conversion transition spans the gap between an end state of one business process and the start state of another subsequent business process. When a conversion state is entered by an object, a determination is made as to whether the object is being managed by a composite flow, and if so, what business process to use next. Conversion transitions execute any necessary steps to create a new object of the type required by the next business process in the composite process.
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subjects CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
title Method and apparatus for creating and managing complex business processes
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