Managing Processes in the REA Framework

The resources, events, agents (REA) ontology provides rules and guidelines for business process modeling utilizing the value-modeling approach. The core element of this approach is an REA model at the business process level. The REA model is usually governed by an information entity, such as a contract or a schedule. Although the REA model provides all necessary entities and relationships for value modeling, its support for information entity value creation, and its flow to the related process that it will govern, deserves deeper elaboration. The aim of this paper is to examine and propose a solution to information entity value creation within the REA model and its transfer to a related business process in compliance with the REA value chain concept. In order to distinguish standard REA business processes from those in which the information entities are created, these processes are called managing processes.