The model describes the stages of maturity from simple paper-based plants to the fully automated and integrated "adaptive plant" of the future. The team that developed the model is a collaboration ...

Merton, Robert C. "A Simple Model of Capital Market Equilibrium with Incomplete Information." Journal of Finance 42, no. 3 (July 1987): 483–509.

then you would pay a total of $350 in simple interest on the debt. If you invest $10,000 in a bond that pays a 5% coupon, then you would annually receive $500 until the bond reaches maturity.

This five-layer maturity model for digital transformation will break down silos and speed up decision-making at DoD, says Salesforce VP of global public sector.