Petri nets have been used for medeling a wide variety of systems from computer to social systems. This paper disusses Petri nets in the context of mathematical representation and its associated bag theory. The method of modeling systems such as event-condition, computer progranm computer operation and PERT chart is discribed and their Petri net representation are presented. Finally Petri net representation of tunnel diode oscillator circuit and the analysis of the circuit using Petri net are discussed with the program and results.