WSEAS Transactions on Information Science and Applications
Print ISSN: 1790-0832, E-ISSN: 2224-3402
Volume 18, 2021
Modeling the value chain with object-valued Petri Nets
Authors: , ,
Abstract: A substantial part of the economic theories is based on conversion and exchange process. This process can be described as a value chain, which can be considered as a cyclic model with complex attributes. There is a serious problem how to express resources and their conversions in a complex cyclic model during the simulation and how to identify these converted resources in every step of the simulation. This paper introduces the Objectvalued Petri (OV-PN) modification as a new formalism to create a cyclic model of the value chain. According to the modification we had to define a new path and pass of the OV-PN. We also had to determine new properties. Properties are based on the OV-PN and reflect needs of model requirements. A new formalism is verified on a common enterprise value chain.
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Pages: 156-161
DOI: 10.37394/23209.2021.18.19