RE: SIP vs ROI
Dan Palanza <[email protected]> Thu, 22 May 2003 16:58:25 -0400
| Newsgroups | gmane.comp.programming.software-in-process |
|---|---|
| Message-ID | <[email protected]> |
Kent wrote: >At the end of Critical Chain, Goldratt suggests measuring investment in >"dollar days", the number of dollars times the number of days those >dollars are unavailable for other uses. He doesn't explain in any more >detail, though. Does anyone know what he's talking about? Goldratt is reinventing the bookkeeping wheel, without having studied the original. The basis of bookkeeping is to isolate whatever you wish to measure by posting the transactions you wish to measure in an account, or group of accounts. Once isolated, the value of change in the account, or accounts, is measured in relation to a universal medium of exchange. Money works nicely for that purpose. Time would work too, if you had no reason to care about comparative value. Dan