I recently taught a training class on learning curve theory, which is a basic cost estimating concept for production. Engineers working on aircraft manufacturing in… Read More »Do Learning Curves Offer Potential New Insights into Economic Theory?
With the recent news about the Ever Given cargo container ship blocking the Suez Canal, the large artificial waterway has gotten a lot of attention… Read More »The History of Large Infrastructure Project Overruns – Is the Suez Canal Really the Worst?
According to an article published in the Journal of the American Medical Association on March 31st, COVID-19 was the third leading cause of death in… Read More »Excess Deaths Compared with the Official COVID-19 Mortality Data
On average, more than 50 ships pass through the Suez Canal each day, carrying 12% of global trade. Some twenty-thousand ships pass through the canal… Read More »What the Ever Given Debacle Can Teach Us About Risk Management
I continue to see comments that the count of COVID-19 deaths in 2020 are overstated. As Edwards Deming, the 20th century quality control guru, was… Read More »How Many COVID-19 Deaths Were There in 2020 in the United States?
In my last blog post, I projected that if everything continues to go well with the increase in vaccinations and the decrease of new cases,… Read More »Herd Immunity from COVID-19 and the Rate of Vaccinations
A recent op-ed piece in the Wall Street Journal claimed that the United States may be able to reach herd immunity from COVID-19 by the… Read More »The Road to Herd Immunity – Are We There Yet?
Today, March 11th, marks the one-year anniversary of the acceptance of my book proposal by McGraw Hill. I had first contacted them on February 1st… Read More »One Year Anniversary of the Acceptance of my Book Proposal
Depending on the event, the answer is yes. Extreme events tend to be rare, but they occur on a regular basis. A case in point… Read More »Can You Predict Extreme Events?
There is a reason for optimism regarding COVID-19. There are now three approved vaccines available in the U.S. and many of the most vulnerable people… Read More »COVID-19 Optimism Is Warranted, But Ending Mask Mandates is Not