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.It 52 3 The Internet of Products and The Triple Bottom Linemust be noted that only yields a meaningful statement,when two supply offers are compared with each otherthat refer to the same good ,or , whereby is definedas the supply offers that have a particularly low price ,or , whereby isdefined as the supply offer that has the lowest price in the mar-ket ,or , wherebyis defined as the supply offers and areof the same product domain (e.g., computers, groceries, etc.) or,or , wherebyis defined as the goodin the supply offer is faster available than the good in or,or , whereby is defined as the supply offer is a special deal (e.g., reduced price for a lim-ited time.) ,3.as composition of above morphisms.Examples of compositions are notlimited to but may include:or , wherebyis defined as the supply offer that out of all low-price supply offers has thehighest quality in the market ,or , wherebyis definedas the supply offer that out of all high-trust supply offers has thehighest quality in the market ,4.as the identity morphisms of. 3.1 Market-based Categories 533.1.3 Category of DemandThis section introduces the category of demand , based on the Gallery of E-Commerce as well as the characteristics [EcoMic8], [EcoMic9], [EcoMic10],[EcoMic11, [EcoMic12], which were defined in the Gallery of Economics.Ana-logously to , consists of:1.or shortly as the demand being available in the market.Allobjects are tuples of the form , with being the iden-tifier of the demand request, being the id of the demanded good, beingthe demanded quantity, and being the demanded price.2.as being the morphisms between the objects.A non-exclusivelist of morphisms of could include:or , wherebyis defined as the demand is more credible than or , with respect to the consumers credibilityand reliability,or , wherebyis defined as the demands that areconsidered to be of particularly high credibility ,or , whereby is de-fined as the demand has a higher willingness to pay (wtp) than or.It should be noted that only yields a mean-ingful statement, when two demands are compared witheach other that refer to the same good ,or , whereby is definedas the demands that have a particularly high willingness topay ,or , whereby is de-fined as the demand that has the highest willingness to pay inthe market , 54 3 The Internet of Products and The Triple Bottom Lineor , wherebyis defined as the demands and are of thesame product domain (e.g., computers, groceries, etc.) , or,or , wherebyis defined as the demands that require particularly fast deliv-ery ,or , wherebyis defined as the de-mand needs to be faster fulfilled than , in terms of deliverytimes for the good in , or ,or , whereby is defined as the demand seeks special deals (e.g., bargains, price reductions,etc.) .3.as composition of above morphisms.Examples of compositions are notlimited to but may include:or , wherebyis de-fined as the demand that out of all demands with a high credi-bility has the highest willingness to pay in the market ,or , wherebyis de-fined as the demands that have a high credibility and at the sametime require fast delivery .4.as the identity morphisms of.3.1.4 Category of MarketsThis section introduces the category of markets.Based on the definition ofmarkets as being virtual places where demand meets supply [EcoMic05], thissection defines the category of markets as ; that is, there exists an 3.1 Market-based Categories 55arbitrary number of functors from the product category to that matchthe available demand with the available supply.It will later be shown how dif-ferent functors create special types of markets (e.g., monopolies, competitions,etc.).1.or shortly as the transactions representing the market.Allobjects are tuples of the form ,with being the identifier of the transaction, being the identifier of thecorresponding supply offer , being the identifier of the corre-sponding demand , being the id of the good, being the offeredquantity, being the offered price, being the demanded quantity, andbeing the demanded price.Regardless of the particular functors that con-structed out of , only contains those objects that have corre-sponding objects in and ,2.as being the morphisms between the objects
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