Higher Quality and Lower Cost

Presenting the consumer with high value to gain market share is not a new idea. Neither is the idea that value is a combination of benefit received and cost expended. There is, however, wide disagreement on whether both higher value and lower cost can be achieved and, how best to go about trying to attain [...]

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Posted Under: Statistical Thinking
This post was written by John on December 28, 2008 Comments (0)

Time and Money

I’m not sure where I picked this up. But, with all the talk about salaries/bonuses, etc., I thought it appropos. I didn’t write it (wish I was that clever) and that’s all I know. I would attribute it if I were able to. Dilbert’s “Salary Theorem” states that engineers and scientists can never earn as [...]

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Posted Under: Statistical Thinking
This post was written by John on December 27, 2008 Comments (1)