Title :
A Petri net extended with stochastic priced transition
Author :
Liu, XianMing ; Li, Shixian ; Jiang, Yue
Author_Institution :
Dept. of Comput. Sci., Sun Yat-Sen Univ., Guangzhou
Abstract :
The paper proposes a Petri net extended with stochastic priced transition and discusses the possible application domain of this new type of Petri net. Firstly we define stochastic priced Petri net (SPPN) by adding a stochastic price to transition. Then we use SPPN to establish the economic model for a simple business process and make profit analysis. Finally we draw a conclusion that using SPPN in business process modeling is feasible
Keywords :
Petri nets; pricing; profitability; stochastic processes; Petri net; SPPN; business process modeling; economic model; profit analysis; stochastic priced Petri net; stochastic priced transition; Application software; Automata; Computer science; Costs; Paper technology; Petri nets; Protocols; Stochastic processes; Sun; Technology management; Petri net; business process modeling; priced transition;
Conference_Titel :
e-Business Engineering, 2005. ICEBE 2005. IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
0-7695-2430-3
DOI :
10.1109/ICEBE.2005.14
