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The Discrete Event Simulation (DES) process interaction world view describes models that focus on simulated entities that progress through a series of temporally related activities. DES formalisms and vendor approaches for representing DES models serve as a basis for developing an open neutral representation of models that can be encoded into ontologies. This paper reviews world views, formal foundations, and ontologies as background. The process for creating ontologies for the process interaction DES domain is discussed. Next an approach to ontology based simulation model representation is presented and last conclusions and recommendations for future work are provided.