Petri Net Model for Knowledge-Based Value Chain

In this paper a novel theoretical model is presented in which the dynamics in a knowledge-based value chain is modeled using Petri nets. From the generic scheme of a knowledge-based value chain, the various components are individually modeled. The theory of Petri nets aptly captures the evolution of knowledge in a system and the process is usually highly interactive in nature. The properties and analysis methods of various classes of Petri nets can be conveniently used to check various constraints while designing the system.

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