Abstract
This paper combines semantic web technology with business modeling and yields semantic business model that is semantically described in terms of roles and relationships. The semantic business model can be used to discover grid services by means of automation tools. The gap between business goals and grid services is bridged by role relationships and compositions of them, so that the virtual organization evolution is supported effectively. Semantic business model can support virtual organization validation at design stage rather than at run-time stage. The designers can animate their business model and make initial assessment of what interactions should occur between roles and in which order. The users can verify whether the grid service compositions satisfy business goals.
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