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According to the white paper by the Business Rules Group, [1] a statement of a business rule falls into one of four categories: Definitions of business terms; The most basic element of a business rule is the language used to express it. The very definition of a term is itself a business rule that describes how people think and talk about things.
Business rules represent the primary means by which an organization can direct its business, defining the operative way to reach its objectives and perform its actions.. A rule-based approach to managing business and the information used by that business is a way of identifying and articulating the rules which define the structure and control the operation of an enterprise [1] it represents a ...
The business rules approach formalizes an enterprise's critical business rules in a language that managers and technologists understand. Business rules create an unambiguous statement of what a business does with information to decide a proposition. The formal specification becomes information for process and rules engines to run.
Business rule mining is the process of extracting essential intellectual business logic in the form of business rules from packaged or legacy software applications, recasting them in natural or formal language, and storing them in a source rule repository for further analysis or forward engineering. The goal is to capture these legacy business ...
The OMG Decision Model and Notation standard is designed to standardize elements of business rules development, specially decision table representations. There is also a standard for a Java Runtime API for rule engines JSR-94. OMG Business Motivation Model (BMM): A model of how strategies, processes, rules, etc. fit together for business modeling
A business rules engine is a software system that executes one or more business rules in a runtime production environment.The rules might come from legal regulation ("An employee can be fired for any reason or no reason but not for an illegal reason"), company policy ("All customers that spend more than $100 at one time will receive a 10% discount"), or other sources.
The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: private company limited by shares or Ltd. (United Kingdom, Ireland, and the Commonwealth)
Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.