Networks Terminology
These are the points or nodes in a network diagram.
What are vertices?
This is the point where two straight-line graphs cross.
What is the point of intersection?
This type of loan decreases over time as regular repayments are made.
What is a reducing balance loan?
This unit is used to measure power and is equal to one joule per second.
What is a watt?
When a network vertex has no edges connected to it, it is giving major “left on read” energy.
What is an isolated vertex?
These are the lines that connect vertices in a network.
What are edges?
These are two or more equations that are solved at the same time.
What are simultaneous equations?
This is the amount of money paid back regularly on a loan.
What is a repayment?
This unit is commonly used on electricity bills to measure energy use.
What is a kilowatt-hour?
When income and cost graphs finally meet, the business has stopped taking Ls but is not yet making Ws.
What is the break-even point?
This is a sequence of connected vertices and edges in which no vertex or edge is repeated.
What is a path?
In a business graph, this point occurs when income and cost are equal.
What is the break-even point?
This investment involves regular, equal contributions with interest compounding over time.
What is an annuity?
A 2 kW heater running for 3 hours uses this much energy.
What is 6 kWh?
This is when money keeps growing because interest gets added to interest. Financial maths really said “let him cook.”
What is compound interest?
This number tells how many edges are connected to a vertex.
What is the degree of a vertex?
If revenue is greater than cost, the business is said to be experiencing this.
What is profit?
This happens to the total interest paid on a loan when extra repayments are made.
What is it decreases?
A 1.5 kW appliance runs for 4 hours at $0.30 per kWh. This is the cost.
What is $1.80?
Your heater is running for hours, your electricity bill is cooked, and the energy company measures the damage in this unit.
What is a kilowatt-hour?
This network connects all vertices with the minimum total edge weighting and contains no cycles.
What is a minimum spanning tree?
A muffin stall has income I=3xI = 3xI=3x and cost C=120+xC = 120 + xC=120+x. This is the number of muffins needed to break even.
What is 60 muffins?
This is a multiplier used to calculate the present value of a series of future cash flows. It helps determine what a stream of payments is worth today based on a specific interest rate (r) and number of periods (n).
What is an Interest Factor?
A 2400 W heater runs for 5 hours per day for 10 days at $0.25/kWh. This is the total cost.
What is $30?
This network connects every vertex with the lowest total weighting and no unnecessary loops. Basically, the most efficient route with zero side quests.
What is a minimum spanning tree?