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Re: [ontolog-forum] Modeling a money transferring scenario

To: "[ontolog-forum]" <ontolog-forum@xxxxxxxxxxxxxxxx>
From: "doug foxvog" <doug@xxxxxxxxxx>
Date: Thu, 6 Jan 2011 14:02:32 -0500 (EST)
Message-id: <63094.173.63.70.190.1294340552.squirrel@xxxxxxxxxxxxxx>

On Thu, January 6, 2011 7:29 AM, Selcuk Bozdag said:    (01)

> Hi ontologs,
>
> I would like to get your ideas about modeling a financial
> organization's (e.g. a bank)  money transaction ontology using OWL
> (1). Suppose that a bank wants to track the accounts of the customers
> in order to determine anomalies, fraud issues or just to ensure that
> everything is OK at the end of the day. I have come up with a solution
> which caused a discussion among my colleagues mostly ended with a
> disagreement. Right below I am giving only a clipped portion of the
> draft ontology at a glance.
>
> The absolute classes(i.e. concepts) are Bank, Money, Customer and
> Account. When it comes to represent a money transfer between two
> accounts, I suggested to create another class named "MoneyTransfer" on
> which one can create object properties such as transferDate, amount
> etc. On the flip side, others put the MoneyTransfer class aside and
> preferred to create an object property named "transfersMoney" which
> has a domain and range of Account. However it is obvious that
> transfersMoney property is just a relation between to individuals
> representing none of the date and amount information.    (02)

There should be many things that can be said about individual money
transfers: date; amount transferred; origination and destination
accounts; originator; statuses such as fee (of what type), auto debit,
refund, ...; legal jurisdiction (and thus set of governing regulations);
currency of transfer, etc.  This certainly suggests that the individual
transactions should be individuals in the knowledge base.    (03)

There should be a hierarchy of types of monetary transactions, with
inter-account transfers being a subclass of both MonetaryTransferIntoAccount
and MonetaryTransferOutOfAccount.  A transfer with the payer and payee
being the same should be a separate class of money transfer since
different reporting regulations would apply.    (04)

-- doug foxvog    (05)

> I would greatly appreciate if you could explain your point of view and
> show me what the alternatives could possibly be. I also would be
> thankful if you refer any other ontology regarding that issue.
>
> Cheers,
>
> Selcuk
>
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>    (06)


=============================================================
doug foxvog    doug@xxxxxxxxxx   http://ProgressiveAustin.org    (07)

"I speak as an American to the leaders of my own nation. The great
initiative in this war is ours. The initiative to stop it must be ours."
    - Dr. Martin Luther King Jr.
=============================================================    (08)


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