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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Definitions

Carbon_offsetting

Published on January 28, 2020

What are buffer stocks?
Definitions

What are buffer stocks?

Published on January 28, 2020

Definitions

Barriers_to_entry

Published on January 28, 2020

Balance of payments - definition
Definitions

Balance of payments - definition

Published on January 28, 2020

Definition of asymmetric shocks
Definitions

Definition of asymmetric shocks

Published on January 28, 2020

Asymmetric information - definition
Definitions

Asymmetric information - definition

Published on January 28, 2020

Definition of aggregate supply
Definitions

Definition of aggregate supply

Published on January 28, 2020

Definitions

Aggregate_demand

Published on January 28, 2020

Definitions

Affordability

Published on January 28, 2020

Definition of ad valorem tax
Definitions

Definition of ad valorem tax

Published on January 28, 2020

Newer Posts
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Older Posts
As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
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Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
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Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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