Knowledge-Based Circulation Growth Model: Applying a Data Marketplace to Concept Design

Abstract

The authors introduce a growth model of the circulation of a stock and flow process that makes use of stock as an important factor in designing a data marketplace. The model highlights the necessity of considering how learning efficiency must be designed for the purpose of concept design. The model is applied to a business case in commercial industry to discuss the essentials of stock and learning efficiency with the aim of designing a data marketplace.