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From Conceptual Probabilistic Behavior to Operational Measurements


  • G. Dedene


This 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.

Suggested Citation

  • G. Dedene, 2005. "From Conceptual Probabilistic Behavior to Operational Measurements," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business, Review of Business and Economic Literature, vol. 0(4), pages 731-744.
  • Handle: RePEc:ete:revbec:20050413

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