The document presents a semantic approach called SETS (Semantic eTendering System) for evaluating offers in electronic tendering (eTendering) systems. It discusses problems with current non-semantic eTendering evaluation and proposes using semantic web technologies like ontologies, RDF, and SBVR (Semantics of Business Vocabulary and Business Rules) to formally represent tender offers and requirements to enable automated semantic evaluation and ranking of offers. The SETS model, architecture, operational model, and mathematical model are described for performing this semantic evaluation of tender offers in eTendering systems.
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