From e3-value to REA: Modeling multi-party eBusiness Collaborations

In order to open-up enterprise applications to e-business<br> and make them profitable for a communication with other<br> enterprise applications, a business model is needed showing<br> the business essentials of the e-commerce business case<br> to be developed. Currently there are two major business<br> modeling techniques - e3-value and REA (Resource-Event-<br> Agent). Whereas e3-value was designed for modeling value<br> exchanges within an e-business network of multiple business<br> partners, the REA ontology assumes that, in the presence of<br> money and available prices, all multi-party collaborations<br> may be decomposed into a set of corresponding binary<br> collaborations. This paper is a preliminary attempt to view<br> e3-value and REA used side-by-side to see where they can<br> complement each other in coordinated use in the context of<br> multiple-partner collaboration. A real life scenario from the<br> print media domain has been taken to proof our approach.