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Ontology-Driven Business Modelling: Improving the Conceptual Representation of the REA Ontology

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Conceptual Modeling - ER 2007 (ER 2007)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 4801))

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Abstract

Business modelling research is increasingly interested in exploring how domain ontologies can be used as reference models for business models. The Resource Event Agent (REA) ontology is a primary candidate for ontology-driven modelling of business processes because the REA point of view on business reality is close to the conceptual modelling perspective on business models. In this paper Ontology Engineering principles are employed to reengineer REA in order to make it more suitable for ontology-driven business modelling. The new conceptual representation of REA that we propose uses a single representation formalism, includes a more complete domain axiomatizat-ion (containing definitions of concepts, concept relations and ontological axioms), and is proposed as a generic model that can be instantiated to create valid business models. The effects of these proposed improvements on REA-driven business modelling are demonstrated using a business modelling example.

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Authors and Affiliations

  1. Faculty of Economics and Business Administration, Ghent University, Belgium

    Frederik Gailly & Geert Poels

Authors
  1. Frederik Gailly
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  2. Geert Poels
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Editor information

Christine Parent Klaus-Dieter Schewe Veda C. Storey Bernhard Thalheim

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Gailly, F., Poels, G. (2007). Ontology-Driven Business Modelling: Improving the Conceptual Representation of the REA Ontology. In: Parent, C., Schewe, KD., Storey, V.C., Thalheim, B. (eds) Conceptual Modeling - ER 2007. ER 2007. Lecture Notes in Computer Science, vol 4801. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-75563-0_28

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  • DOI: https://doi.org/10.1007/978-3-540-75563-0_28

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-75562-3

  • Online ISBN: 978-3-540-75563-0

  • eBook Packages: Computer ScienceComputer Science (R0)

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