The Semantic Web has increased the interest in ontologies recently Ontology is an essential component of the semantic web and continues to change and evolve. We consider versions management schemes in ontology. We study a set of changes based on domain changes, changes in conceptualization, metadata changes, and temporal dimension. Our change specification is represented by a set of changes. A set of changes consists of instance data change, structural change, and identifier change. In order to support a query in ontology versions, we consider temporal dimension includes valid time. Ontology versioning brings about massive amount of versions to be stored and maintained. We present the ontology versions management schemes that are 1) storing all the change sets, 2) storing the aggregation of change sets periodically, and 3) storing the aggregation of change sets using an adaptive criterion. We conduct a set of experiments to compare the performance of each versions management schemes. We present the experimental results for evaluating the performance of the three version management schemes from scheme 1 to scheme 3. Scheme 1 has the least storage usage. The average response time in Scheme 1 is extremely large, those of Scheme 3 is smaller than Scheme 2. Scheme 3 shows a good performance relatively