Research Article

Big Data Market Optimization Pricing Model Based on Data Quality

Table 2

Frequently used notations.

NotationDescription

The quality level of the data products and services

Subscription fees for data products and services

Customers’ Willingness to Pay

Customer sensitivity to quality level

Profit resulting from the separate sales of the data product and service under and

Data utility with curve fitting parameter and quality level

The number of customers willing to buy a data product or service

The unit price of the data quality

Lagrangian of the profit function