Given a directed acyclic graph G and a path made up from its set of nodes N, how can we determine if this (directed) path exists in G? If there is no exact match, what is the closest approximate match, equipped with an intuitive notion of distance?

A path in a directed acyclic graph is essentially a string (that uses the set of nodes as the alphabet), so when comparing paths one can make use of edit distances developed for approximate string matching:

There are many algorithms for approximate string matching:

http://en.wikipedia.org/wiki/Approximate_string_matching

This string matching answers the question when the G itself is also a path.. then we're merely asking to compare two strings.

Asking if an arbitrary graph A built from the same set of nodes is a sub-graph of G is the general case of the problem, but I'm only interested in the case where A is a path and G is directed & acyclic.

Any general pointers are also welcome.