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  2. Data valuation - Wikipedia

    en.wikipedia.org/wiki/Data_valuation

    Data hub valuation uses a cost-based approach that measures the cost of data hubs where large repositories of data are stored, rather than measuring the cost of separate datasets. The data hub cost can then be modified, as in the consumption based and modified cost value approaches. [ 17 ]

  3. Pass-through (economics) - Wikipedia

    en.wikipedia.org/wiki/Pass-through_(economics)

    In addition to the absolute pass-through that uses incremental values (i.e., $2 cost shock causing $1 increase in price yields a 50% pass-through rate), some researchers use pass-through elasticity, where the ratio is calculated based on percentage change of price and cost (for example, with elasticity of 0.5, a 2% increase in cost yields a 1% increase in price).

  4. Induced demand - Wikipedia

    en.wikipedia.org/wiki/Induced_demand

    When the supply curve shifts from S1 to S2, the equilibrium price decreases from P1 to P2, and an increase in quantity demanded from Q1 to Q2 is induced.. In economics, induced demand – related to latent demand and generated demand [1] – is the phenomenon whereby an increase in supply results in a decline in price and an increase in consumption.

  5. Economies of scale - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scale

    Overall costs of capital projects are known to be subject to economies of scale. A crude estimate is that if the capital cost for a given sized piece of equipment is known, changing the size will change the capital cost by the 0.6 power of the capacity ratio (the point six to the power rule). [16] [d]

  6. Price optimization - Wikipedia

    en.wikipedia.org/wiki/Price_optimization

    Price optimization utilizes data analysis to predict the behavior of potential buyers to different prices of a product or service. Depending on the type of methodology being implemented, the analysis may leverage survey data (e.g. such as in a conjoint pricing analysis [7]) or raw data (e.g. such as in a behavioral analysis leveraging 'big data' [8] [9]).

  7. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    The factors that influence the decisions of household (individual consumers) to purchase a commodity are known as the determinants of demand. [3] Some important determinants of demand are: The price of the commodity: Most important determinant of the demand for a commodity is the price of the commodity itself. Normally there is an inverse ...

  8. Law of supply - Wikipedia

    en.wikipedia.org/wiki/Law_of_supply

    A supply is a good or service that producers are willing to provide. The law of supply determines the quantity of supply at a given price. [5]The law of supply and demand states that, for a given product, if the quantity demanded exceeds the quantity supplied, then the price increases, which decreases the demand (law of demand) and increases the supply (law of supply)—and vice versa—until ...

  9. Marginal cost - Wikipedia

    en.wikipedia.org/wiki/Marginal_cost

    In economics, the marginal cost is the change in the total cost that arises when the quantity produced is increased, i.e. the cost of producing additional quantity. [1] In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount.