Significance of Place value
Place value is a crucial concept in mathematics, highlighting how the value of a digit is determined by its position within a numeral, such as units, tens, and hundreds. It is also relevant in historical contexts, referring to how the location of a commodity affects its market value, influenced by transport and logistics. The earliest references to this concept can be found in works by Varahamihira, particularly in the Pancasiddhantika and Yavanajataka, showcasing its importance in both numerical systems and economic analysis.
Synonyms: Numerical value, Position, Order, Significance
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Place value in local and regional sources
Place value is a significant concept in mathematics, determining a digit's value based on its position in a number. It also relates to bhutasamkhya in ancient works and reflects commodity value in market locations.
From: History of Science in South Asia
(1) Place value is a fundamental concept in mathematics, especially in decimal systems, where the position of a digit determines its value, as described in the text.[1] (2) This is a concept used with bhutasamkhya, and its earliest attested usage is found in the works of Varahamihira, such as the Pancasiddhantika, and it is assumed in the Yavanajataka, although the concepts do not necessarily presuppose each other.[2]
From: Triveni Journal
(1) The value assigned to a commodity based on its location in the market, influenced by transport and logistical considerations.[3]