Value-chain models (REA Enterprise Scripts Sample Clauses

Value-chain models (REA Enterprise Scripts. REA process diagrams show the high-level flows of economic resources in the enterprise, related to the economic events and collaborations between the agents involved in the exchanges. They are sometimes referred to as value-chain diagrams. • The resource flows between processes in the value-chain diagrams represent the collective unbalanced stock-flows, consumed and produced by the events belonging to given processes. in-flow R Process 1 Res- Res- Process 4 Res+ Process 2 Process 5 Res- Res+ Res- Res+ • Value-chain model (also known as REA Enterprise Script) is a series of processes, consisting of exchanges, where collaborations between agents are realized with recipes (groups of ordered tasks). es- Res+ out-flow (resource flows) Res- Res+ Figure 5 Enterprise value-chain, seen as series of exchanges. linkage custody association Economic reserves Resource Type Economic Commitment/Event Type Economic Commitment/Event Type participation dual executes reciprocal Economic Agent Type typification Knowledge Infrastructure reserves Commitment reciprocal Commitment Operational Infrastructure participation executes executes Economic Resource stock-flow Economic Event dual Economic participation Economic Event Agent linkage custody association labor cars other processes collaboration Customer Rental Agent Rental Car GIVE Rental stock-flows Process TAKE CashRcpt Cash Customer Cashier cash used cars Find Car & Keys Check car File & Choose Check-out Car Assess Insurance & Credit Fill in Contract Return Car Update Files Figure 6 REA meta-model of economic exchanges (simplified). Assess Customer Processes Exchanges Recipes (tasks, ordering) Figure 7 Overview of the processes, exchanges and recipes. You will find the detailed description of this meta-model in the ECIMF technical specification document (ECIMF-TS).
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