Discussion:
The Resources, Events, and Agents (REA) Approach to Database Modelling
Choose any company (your choice) and do the following SIX (6) items:
1. First of all discuss how the REA approach to database design will overcome problems with traditional approaches for your company of choice.
2. Identify the Resources, Events and Agents entity types in your company.
3. Discuss the economic duality that occurs in your company.
4. Develop three (3) individual REA diagrams.
5. Develop one (1) Enterprise-Wide REA model (i.e. View Integration).
6. Discuss the competitive advantages of using the REA approach in your company. This will be done by doing a value chain analysis.