From e3-Value to REA: Modeling Multi-Party eBusiness Collaborations

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Provided by: Vienna University of Economics and Business
Topic: Developer
Format: PDF
In order to open-up enterprise applications to e-business and make them profitable for a communication with other enterprise applications, a business model is needed showing the business essentials of the e-commerce business case to be developed. Currently there are two major business modeling techniques - e3-value and REA (Resource-Event-Agent). Whereas e3-value was designed for modeling value exchanges within an e-business network of multiple business partners, the REA ontology assumes that, in the presence of money and available prices, all multi-party collaborations may be decomposed into a set of corresponding binary collaborations.
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