Metcalfe's law is wrong - communications networks increase in value as they add members-but by how much?
| العنوان: | Metcalfe's law is wrong - communications networks increase in value as they add members-but by how much? |
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| المؤلفون: | B. Tilly, Andrew Odlyzko, Bob Briscoe |
| المصدر: | IEEE Spectrum. 43:34-39 |
| بيانات النشر: | Institute of Electrical and Electronics Engineers (IEEE), 2006. |
| سنة النشر: | 2006 |
| مصطلحات موضوعية: | Engineering, Zipf's law, business.industry, Computer security, computer.software_genre, Square (algebra), Beckstrom's law, Credibility, Metcalfe's law, Value (economics), Profitability index, Electrical and Electronic Engineering, business, Mathematical economics, computer, Valuation (finance) |
| الوصف: | This paper argues that Metcalfe's law, which states that the value of a communications network is proportional to the square of the number of its users, is incorrect. By seeming to assure that the value of a network would increase quadratically - proportionately to the square of the number of its participants - while costs would, at most, grow linearly, Metcalfe's law gave an air of credibility to the mad rush for growth and the neglect of profitability. The paper discusses the fundamental flaw of Metcalfe's law and describes how Zipf's law can be used as basis to justify the n log(n) rule-of-thumb valuation of a general communications network of size n. |
| تدمد: | 1939-9340 0018-9235 |
| DOI: | 10.1109/mspec.2006.1653003 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::ac4b47fb402bc68154f429af926cd72d https://doi.org/10.1109/mspec.2006.1653003 |
| Rights: | CLOSED |
| رقم الانضمام: | edsair.doi...........ac4b47fb402bc68154f429af926cd72d |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 19399340 00189235 |
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| DOI: | 10.1109/mspec.2006.1653003 |