A Formal Approach Enabling Risk-Aware Business Process Modeling and Simulation

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Provided by: Institute of Electrical and Electronics Engineers
Topic: Big Data
Format: PDF
The effective, efficient and continuous execution of business processes is crucial for meeting entrepreneurial goals. Business process modeling and simulation are used to enable desired business process optimizations. However, current approaches mainly focus on economic aspects while security aspects are dealt with in separate initiatives. This missing interconnection may lead to significant differences in improvement suggestions, such as the differing valuation of security investments (e.g., redundancy of systems). The major contribution of this paper is the introduction of a formal model that is capable of expressing the relations between threats, detection mechanisms, safeguards, recovery measures and their effects on business processes.
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