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| | The expression ''value equation'' is obsolete, is has been replaced with the expression [[Benefit Redistribution Algorithm]]. |
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| '''= " the value equation is a distributed solution to time management, which can be applied in large scale p2p, co-creation processes".''' [http://multitudeproject.blogspot.ca/2014/01/why-do-we-need-value-accounting-system.html]
| | =More information= |
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| =Description=
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| "The value equation is the third module of a value accounting system:
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| contributions log
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| evaluation of contributions
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| value equation
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| It "dictates" how revenue is distributed to all participants (active affiliates) in a collaborative value creation process. In other words, it is used to compute a % of total revenue for every participant/contributor, taking into consideration all different forms of contributions and different modulators, and perhaps taking into consideration different cultures of constituent communities formed by participants.
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| The value equation describes how different types of contributions are amalgamated into a single deliverable. The output is the equity piechart. It is a dimension reduction operator, taking all the complexity of contributions and customs of participants to project them onto the [0,1] real number domain. In "past looking value accounting systems" (this applies to ventures who consume resources to create market value and later exchange it against revenue) the % of total revenue for every contributor is calculated based on past contributions. In "forward looking value accounting systems" (this applies best to ventures that produce social value and accept donations/grants to realize a project) the % of total revenue for every contributor is calculated based on a projection of contributions, evaluated against a plan.
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| The value equation is not universal. Every project can have one. It is applied to the 'project-level' and 'open enterprise-level'."
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| (http://valuenetwork.referata.com/wiki/The_Value_Equation)
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| =More Information= | |
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| see: [[Open Value Accounting]]
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| [[Contributions Log]]
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| | * The old material is in our discussion page. |
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| [[Category:P2P Accounting]] | | [[Category:P2P Accounting]] |
Latest revision as of 03:58, 22 December 2022
The expression value equation is obsolete, is has been replaced with the expression Benefit Redistribution Algorithm.
More information
- The old material is in our discussion page.