From Conceptual Probabilistic Behavior to Operational Measurements
AbstractThis paper discusses a new approach to incorporate probabilistic behavior in object-oriented Business Models. Probabilistic Finite State Machines are presented and analyzed in terms of their Dynamic and Static properties. In this way, conceptual behavior models are translated in a precise fashion into measures that are very relevant from an operational point of view, for the implementation of the conceptual models. The techniques proposed here only represent a first step into a new area of Business Modeling.
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Bibliographic InfoArticle provided by Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen in its journal Review of Business and Economics.
Volume (Year): L (2005)
Issue (Month): 4 ()
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