Medical Costs

Interesting article on the blog of my friend John Hunter at Curious Cat Management
here.

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The Funnel Experiment

Each of the rules of the funnel have been simulated and charted. The charts are shown below.  Rule 1. Exhibits the classic picture of a statistically stable process.  It is predictable within limits and, unless the system changes or is changed, is likely to keep on this way.      Rule 2.  Shows the beginnings of a zig [...]

Adjustment or Tampering? Watch out!

There may be a world where there is no variation, but that it is not the one we live in. In our world everything is varying all the time. Heraclitus a coule of hundred years BC made the observation that one cannot touch the same thing twice. A quote often attributed to [...]

The Three Legged Stool

At the end of the day, what the customer wants is value.  I define value as the combination of and interaction between quality and cost (price).  Everyone knows that they can buy a really high quality performance automobile or very well tailored and durable clothing, but few can afford it.  Conversely, everyone in the market [...]