%0 Journal Article %T Processing,Switching and Communication of Knowledge %A Michael R. Peterson %A Syed V. Ahamed %A Sevki S. Erdogan %J International Journal of Managing Information Technology %@ 0975-5586 %D 2010 %I Academy & Industry Research Collaboration Center (AIRCC) %X The domain of knowledge1 is more encompassing than that of wealth and materials. For dealingwith utility of knowledge, all factors (its scarcity, its total utility, its marginal utility, specifically itsdiminishing marginal utility, its utilitarian value, its exchange value, etc.) that influence theevaluation need to be considered. From a communication perspective, knowledge can be tracedbackward and extrapolated forward, much like scientific parameter(s). From a structuralperspective, we propose that the processing of knowledge be based on the most basic and fewesttruisms. These truisms are, in turn, based on reality and they permit the characterization ofinformation and knowledge. To this extent, computational processing does not depend on thephilosophic writings of earlier economists. However, the truisms are validated from a longer-termphilosophic interpretation of how these truisms have survived so that they can be expanded andreused in scientific and computational environments. This approach permits machines to processknowledge based on the content of a particular piece of information and to enhance content, thepresentation and the wealth of knowledge that the information communicates. %K Knowledge representation %K Knowledge functions %K Knowledge and Information Processing. %U http://airccse.org/journal/ijmit/papers/0810ijmit04.pdf