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pp. 12865-12874 | Article Number: ijese.2017.003
Published Online: January 05, 2017
Abstract
The article considers the mathematical models of the growth and accumulation of scientific and applied knowledge since it is seen as the main potential and key competence of modern companies. The problem is examined on two levels - the growth and evolution of objective knowledge and knowledge evolution of a particular individual. Both processes are described mathematically by exponential and logistic laws and parameters (intensity of knowledge obsolescence and the knowledge half-life period) allowing application of the models to real practise of knowledge management.
Keywords: knowledge growth; knowledge obsolescence; knowledge management
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