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A Petri-net toolkit, the CPN Tools, is utilized in the development of the modeling mechanism and to simulate the constructed models.
The constructed models include the physical length scale parameter which can introduce the size effect.
The constructed models were checked by using various prediction performance indices.
Robustness and reliability of the constructed models were evaluated through internal and external validation methods.
Consequently, it is possible to say that the constructed models can be used for practical purposes.
Then, through the constructed models, comparative economic analysis among them was conducted using an economic index.
Experiments were conducted to evaluate the constructed models and the designed controllers.
According to the input parameters, the constructed models were trained and tested.
Next, we design a robust controller based on the constructed models.
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In the constructed model the risk-free rate is endogenous.
They are absent in the constructed model [14].
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