From e3-value to REA: Modeling Multi-party E-business Collaborations

Abstract

In order to open-up enterprise applications to e-businessand make them profitable for a communication with otherenterprise applications, a business model is needed showingthe business essentials of the e-commerce business caseto be developed. Currently there are two major businessmodeling techniques - e3-value and REA (Resource-Event-Agent). Whereas e3-value was designed for modeling valueexchanges within an e-business network of multiple businesspartners, the REA ontology assumes that, in the presence ofmoney and available prices, all multi-party collaborationsmay be decomposed into a set of corresponding binarycollaborations. This paper is a preliminary attempt to viewe3-value and REA used side-by-side to see where they cancomplement each other in coordinated use in the context ofmultiple-partner collaboration. A real life scenario from theprint media domain has been taken to proof our approach.