Re: [SystemSafety] Data on Proof effectiveness from real projects

From: Peter Bernard Ladkin < >
Date: Sat, 2 Apr 2016 09:36:09 +0200

On 2016-04-02 07:37 , Steve Tockey wrote:
> Generally speaking, efficiency is looking at investment per unit of work done.

Well, that sort of depends on what the words are taken to mean. As I read it, you're missing a parameter of achievement, of output. Maybe you hid it in the concept "work", but if so then I'd suggest that's not a helpful way of expressing it.

For example, take the production function in a simple form. Product = F(Labor, Capital). An economist would understand "investment" = Capital, "work" = Labor. "Efficiency" is, amongst other things, a measure of how much Product is produced for a given input of Capital and Labor. Our economist would ask where the "Product" bit appears in your formulation.

Actually this ties in with a recent experience. The UK government statistics agency wants to improve its assessment of the contribution of ICT to national productivity, which thoughtfully involves consulting with engineers. So a few of us sat in a symposium with some statisticians and what I later figured out was the cream of the UK's productivity econometricians. The kind of people who introduce themselves with "hello, I'm Nick and I work at the LSE" and proceed to make occasional, spare remarks of casual brilliance, each one showing me I know even less about econometrics than the nothing I thought I knew. Finding myself occasionally surveying the corners of the room for the most convenient crawl space.

Fun, though. I went in thinking I nominally understood the briefing papers, and came out really understanding them. That's always fun.

PBL Prof. Peter Bernard Ladkin, Faculty of Technology, University of Bielefeld, 33594 Bielefeld, Germany Je suis Charlie
Tel+msg +49 (0)521 880 7319

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systemsafety_at_xxxxxx Received on Sat Apr 02 2016 - 09:36:19 CEST

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