Business Modeling via Commitments

Abstract. Existing computer science approaches to business modeling offer lowstractions such as data and control flows, which fail to capture the business intent underlying the interactions that are central to real-life business models. In contrast, existing management science approaches are high-level but not only are these semiformal, they are also focused exclusively on managerial concerns such as valuations and profitability. This paper proposes a novel business metamodel based on commitments that considers additional agent-oriented concepts, specifically, goals and tasks. It proposes a set of business patterns and algorithms for checking model completeness and verification of agent interactions. Unlike traditional models, our approach marries rigor and flexibility, providing a crisp notion of correctness and compliance independent of specific executions.

• Type: Conference
• Year: 2009
• Where: SOCASE
• Authors: Pankaj R. Telang, Munindar P. Singh
• Keywords: Applied Computing, Business, Real-life Business Models, Science Approaches, SOCASE 2009