Creating logic during runtime

Can someone give me some direction on this problem.

I have a text file with a format something like:

input: in1, in2, in3;
output: out1, out2;

assign in1 + in2 to out1;
assign in1 + in2 * in3 to out2;

reading in and creating the input and output variables should not be a problem but how then do i create the logic assignments to the outputs during runtime.

The intension is to toggle the input variables by user input and observe the output variables.

Any advice on the general direction i should go with this would be helpful.
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