This stuff has real-world effects so you better get it right. In the late 1960's, the Rand Corporation was hired by New York City to evaluate their fire department as part of a cost-cutting effort. Rand determined that the department could be trimmed and the resources allocated more efficiently. The result was slower response times that allowed small fires to become large fires and left large sections of the city destroyed: "Between 1970 and 1980, seven census tracts in the Bronx lost more than 97 percent of their buildings to fire and abandonment. Forty-four tracts lost more than half. The results were staggering - blocks and blocks of rubble." Robert McNamara was a Harvard MBA (and briefly a Harvard professor) who was Secretary of Defense from 1961 to 1968. One of the "wizz kids" who revitalized Ford Motor Company, he applied his systems approach to the Vietnam War and the result was one of biggest disasters in American history.
This stuff has real-world effects so you better get it right. In the late 1960's, the Rand Corporation was hired by New York City to evaluate their fire department as part of a cost-cutting effort. Rand determined that the department could be trimmed and the resources allocated more efficiently. The result was slower response times that allowed small fires to become large fires and left large sections of the city destroyed:
"Between 1970 and 1980, seven census tracts in the Bronx lost more than 97 percent of their buildings to fire and abandonment. Forty-four tracts lost more than half. The results were staggering - blocks and blocks of rubble."
Robert McNamara was a Harvard MBA (and briefly a Harvard professor) who was Secretary of Defense from 1961 to 1968. One of the "wizz kids" who revitalized Ford Motor Company, he applied his systems approach to the Vietnam War and the result was one of biggest disasters in American history.
The iceberg iceberg explained
what an interesting idea to put the models at the bottom and not at the top, yet talk about them. isn't it a bit oxymoronic?