Exploring REA and Open-edi Business Frameworks for Service Modeling

Contemporary business collaborations foster enterprises to make their offerings available to partners and consumers as e-services. In this setting, high-level enterprise models, such as business models, provide an economically aware perspective for elicitation of business services, and thereby, e-services. Recently, REA and Open-edi business frameworks have been jointly considered to provide the Open-edi Business Transaction Ontology (OeBTO) for exploring concepts, relationships and actors involved in business collaborations. In this study, we use these frameworks and supporting architectures to propose a service-centric business model. From a model-based development perspective, the model that we propose is intended to be transformed to a system-centric service model, and further to Web service specifications and coordinations. The purpose of this study is primarily aimed toward an explorative and business-founded identification of services. An example from the insurance business sector is used to argument the way we ground and apply our proposed method.