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Economical Factors of Science: C8
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Modern Blockchain Economics
2 months ago
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Simulation of MTBF with controls

F(t) = 1 - e ^ -λt 
Where  
• F(t) is the probability of failure  
• λ is the failure rate in 1/time unit (1/h, for example) 
• t is the observed service life (h, for example)

The inverse curve is the trust time
On the right the increase in failures brings its inverse which is loss of trust and move into suspicion and lack of confidence.
This can be seen in strategic social applications with those who put economy before providing the priorities of the basic living infrastructures for all.

This applies to policies and strategic decisions as well as physical equipment.
A) Equipment wears out through friction and preventive maintenance can increase the useful lifetime, 
B) Policies/working practices/guidelines have to be updated to reflect changes in the external environment and eventually be replaced when for instance a population rises too large (constitutional changes are required to keep pace with evolution, e.g. the concepts of the ancient Greeks, 3000 years ago, who based their thoughts on a small population cannot be applied in 2013 except where populations can be contained into productive working communities with balanced profit and loss centers to ensure sustainability)

Early Life
If we follow the slope from the leftmost start to where it begins to flatten out this can be considered the first period. The first period is characterized by a decreasing failure rate. It is what occurs during the “early life” of a population of units. The weaker units fail leaving a population that is more rigorous.

Useful Life
The next period is the flat bottom portion of the graph. It is called the “useful life” period. Failures occur more in a random sequence during this time. It is difficult to predict which failure mode will occur, but the rate of failures is predictable. Notice the constant slope.  

Wearout
The third period begins at the point where the slope begins to increase and extends to the rightmost end of the graph. This is what happens when units become old and begin to fail at an increasing rate. It is called the “wearout” period. 
BATHTUB MEAN TIME BETWEEN FAILURE (MTBF) RISK
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Week 13.1 Lab Economic Model
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An initial study of the economics of single use coffee pods.
K Collins Coffee Pods ISD Humanities v 1.02
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Please read the information on Consumer Preference below!
ISCI 360 Project Part 2
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An initial study of the economics of single use coffee pods.
Claire - Coffee Pods ISD Humanities v 1.02
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Michael Marmot's Eur J Epidemiol Essay 2017 See also IM-62760  Social determinants of health from Michael Marmot's  ABC 2016 Boyer Lectures on Social Justice and the Health Gap
Social Justice, Epidemiology and Health Inequalities
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A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover

Assumptions
The government has reduced both the epidemic and economic development by controlling immigration.




Yuhao c, BMA708_Marketing insights into Big Data.
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Assignment 1- Part 2 Energy Economics and Fossil Fuels
Clone of Berberian_Energy Economics and Fossil Fuel
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This page provides a structural analysis of POTUS Candidate Rand Paul's economic policy based on the information at:  https://www.randpaul.com/issue/spending-and-debt and also   https://www.randpaul.com/issue/taxes  The method used is Integrative Propositional Analysis (IPA) available: ​ http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf
DRAFT IPA of Rand Paul Economic Policy
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Overview of Part G Ch 27 to 30 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
History of Macroeconomic Thought
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Laying out and testing before coupling to main model (which is Final Project)
Socio-Economic Factors
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Economic model
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farmes
5 hours ago
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Collapse of the economy, not just recession, is now very likely. To give just one possible cause, in the U.S. the fracking industry is in deep trouble. It is not only that most fracking companies have never achieved a free cash flow (made a profit) since the fracking boom started in 2008, but that  an already very weak  and unprofitable oil industry cannot cope with extremely low oil prices. The result will be the imminent collapse of the industry. However, when the fracking industry collapses in the US, so will the American economy – and by extension, probably, the rest of the world economy. To grasp a second and far more serious threat it is vital to understand the phenomenon of ‘Global Dimming’. Industrial activity not only produces greenhouse gases, but emits also sulphur dioxide which converts to reflective sulphate aerosols in the atmosphere. Sulphate aerosols act like little mirrors that reflect sunlight back into space, cooling the atmosphere. But when economic activity stops, these aerosols (unlike carbon dioxide) drop out of the atmosphere, adding perhaps as much as 1° C to global average temperatures. This can happen in a very short period time, and when it does mankind will be bereft of any means to mitigate the furious onslaught of an out-of-control and merciless climate. The data and the unrelenting dynamic of the viral pandemic paint bleak picture.  As events unfold in the next few months,  we may discover that it is too late to act,  that our reign on this planet has, indeed,  come to an abrupt end?  
Covid 19 - irreversible and catastrophic consequences
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An initial study of the economics of single use coffee pods.
3 variables-- ORIGINAL Coffee Pods ISD Humanities v 1.02
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Archetype:  Success to the successful
The more pioneer seed being sold, the more corn is grown.  As more corn is grown, the more pioneer seeds are needed for the next harvest.  More people began using the pioneer seeds, less people used the Ghanaian seeds.  However, the pioneer seed is expensive, so not everyone could buy the pioneer seed.  The more people using Ghanaian corn seeds, less people were using pioneer seeds.  

Way out: 
The best way out of this would probably be to lower the price of the pioneer seed.  The pioneer seed produces more corn that is sweeter.  People prefer this corn over the corn from the Ghanaian seeds.  More people are using the pioneer seeds, so gradually Ghanaian seeds will no longer be used.  Lowering the price of pioneer seeds will make it available to more farmers.  This way, less farmers will go out of business from trying to compete with more sweeter corn.  

Sources:
 Randall, R. (2014, December 15). Are African farmers in danger of becoming slaves to patented seeds? | Genetic Literacy Project. Retrieved January 18, 2016, from https://www.geneticliteracyproject.org/2014/12/15/are-african-farmers-in-danger-of-becoming-slaves-to-patented-seeds/

Is 4-H trying to hook African farmers on costly seeds? (2014, November 17). Retrieved January 18, 2016, from http://grist.org/food/is-4-h-trying-to-hook-african-farmers-on-costly-seeds/

Butler, K. (n.d.). How America's favorite baby-goat club is helping Big Ag take over farming in Africa. Retrieved January 18, 2016, from http://www.motherjones.com/environment/2014/11/4h-africa-farming-dupont-hybrid-seeds 
4-H Club in Africa - Economical
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Tese CO2 Supply_CTCP - bloco A
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Grid-Group Culture applied to Public Management based on Christopher Hood's 1998 book. plus excerpts from Schwartz and Thompson's 1990 Book Divided we stand. See also Managing Mess IM-11581 and FourCultures Blog and Wikipedia Cultural Theory of Risk
The Art of the State
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This model simulates a COVID outbreak occurring at Burnie, Tasmania. It links the extent to the pandemic with governments intervention policies aiming to limit the spread of the virus. The other part of the model illustrates how will the COVID statistics and the government enforcement jointly influence the economic environment in the community. A number of variables are taken into account, indicating positive or negative relationship in the infection and the economy model respectively.

 

Assumptions

·         Government takes responsive actions when the number of acquired cases exceeds 10.

·         Government’s prompt actions, involving closure of the state border, lockdown within the city, plans on mandatory vaccination and testing, effectively control the infection status.

·         Economic activities are reduced due to stagnation in statewide tourism, closure of brick-and-mortar businesses, and increased unemployment rate, as results of government restrictions.

 

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Government’s rapid intervention can effectively reduce the infected cases. The national vaccination rollout campaign raises vaccination rate in Australians, and particularly influence the death rate in the infection model. Please drag the slider of vaccination to a higher rate and run the model to compare the outcomes.

Although local economy is negatively affected by government restriction policies, consumer demand in online shopping and government support payments neutralize the negative impact on economy and maintain the level of economic activities when infections get controlled. 

Simulation model of COVID outbreak in Burnie Tasmania_Yuchen Zhang_574644
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This page provides a structural analysis of POTUS Candidate Chris Christi's economic policy based on the information at: https://d70h9a36p82zs.cloudfront.net/Ccpres2016/base/assets/1-0-1/production/Chris-Christie-TheEconomy.pdf   The method used is Integrative Propositional Analysis (IPA) available: ​ http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf
DRAFT IPA of Chris Christi economic policy
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Economic Effect
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ESI6550 Group 6 (Model 2)
10 months ago