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> <channel><title>Comments on: Cost vs. Benefit Revisited</title> <atom:link href="http://www.productivity501.com/cost-vs-benefit-revisited/219/feed/" rel="self" type="application/rss+xml" /><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/</link> <description>Pieces of the productivity puzzle.</description> <lastBuildDate>Thu, 09 Feb 2012 01:55:26 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.1</generator> <item><title>By: Mark Shead</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-183625</link> <dc:creator>Mark Shead</dc:creator> <pubDate>Mon, 10 Jan 2011 19:07:57 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-183625</guid> <description>Did you calculate how long it would take to break even on a similar sized car that wasn&#039;t a hybrid?</description> <content:encoded><![CDATA[<p>Did you calculate how long it would take to break even on a similar sized car that wasn&#8217;t a hybrid?</p> ]]></content:encoded> </item> <item><title>By: PAUL</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-183590</link> <dc:creator>PAUL</dc:creator> <pubDate>Mon, 10 Jan 2011 15:33:34 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-183590</guid> <description>i HOPE I DID THE RIGHT THING. I BOUGHT A YSED PRIUS TO GET THE 45 MILES PER GALLON OF GAS AT 3.00 PER GALLON I AM SAVING. I WAS ONLY GETTING 15 MILES PER GALLON ON MY PICKUP. I DID THE MATH IT WILL TAKE 50000 MILES TO BREAK EVEN. THEY I WILL START SAVING MONEY AND STILL OWN THE VEHICLE. IF GAS GOES HIGHER ILL GET IT BACK FASTER.</description> <content:encoded><![CDATA[<p>i HOPE I DID THE RIGHT THING. I BOUGHT A YSED PRIUS TO GET THE 45 MILES PER GALLON OF GAS AT 3.00 PER GALLON I AM SAVING. I WAS ONLY GETTING 15 MILES PER GALLON ON MY PICKUP. I DID THE MATH IT WILL TAKE 50000 MILES TO BREAK EVEN. THEY I WILL START SAVING MONEY AND STILL OWN THE VEHICLE. IF GAS GOES HIGHER ILL GET IT BACK FASTER.</p> ]]></content:encoded> </item> <item><title>By: protect assets offshore</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-166070</link> <dc:creator>protect assets offshore</dc:creator> <pubDate>Wed, 15 Sep 2010 07:31:48 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-166070</guid> <description>All of us who have ever done business directly with clients, in any line of work, have run into a situation or two where the project at hand grew out of proportion to the income generated by the job. Sometimes, a client needs so much hand-holding that it demands all your time, so when you divide the estimate by the number of hours spent, you find that you&#039;re making minimum wage or less.</description> <content:encoded><![CDATA[<p>All of us who have ever done business directly with clients, in any line of work, have run into a situation or two where the project at hand grew out of proportion to the income generated by the job. Sometimes, a client needs so much hand-holding that it demands all your time, so when you divide the estimate by the number of hours spent, you find that you&#8217;re making minimum wage or less.</p> ]]></content:encoded> </item> <item><title>By: tractors</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-164426</link> <dc:creator>tractors</dc:creator> <pubDate>Mon, 30 Aug 2010 05:59:19 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-164426</guid> <description>Too often bloggers take the time to write quality detailed posts like this and people fly back, absorb, and move on.I want to thank you for sharing this in depth knowledge with us. Hope you can keep up your blog and not fall into the 80% who eventually abandon their blog.</description> <content:encoded><![CDATA[<p>Too often bloggers take the time to write quality detailed posts like this and people fly back, absorb, and move on.I want to thank you for sharing this in depth knowledge with us. Hope you can keep up your blog and not fall into the 80% who eventually abandon their blog.</p> ]]></content:encoded> </item> <item><title>By: Mark Shead</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-87990</link> <dc:creator>Mark Shead</dc:creator> <pubDate>Thu, 28 Aug 2008 01:39:07 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-87990</guid> <description>@Jack - It has been a bit since I looked at the research, but I believe they were trying to account for all the energy involved in creating and transporting the parts, putting it together, and the energy used over the life of the vehicle.</description> <content:encoded><![CDATA[<p>@Jack &#8211; It has been a bit since I looked at the research, but I believe they were trying to account for all the energy involved in creating and transporting the parts, putting it together, and the energy used over the life of the vehicle.</p> ]]></content:encoded> </item> <item><title>By: Jack Cutter</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-87919</link> <dc:creator>Jack Cutter</dc:creator> <pubDate>Wed, 27 Aug 2008 17:31:16 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-87919</guid> <description>Good article, but I am uncertain what is meant by total energy cost. Is this the cost of gasoline, plus the cost of electricy used to recharge the batteries, ie the basic costs, or does it also include the manufacturing costs for the vehicle or its components?
I understand that EPA defines estimated mileage as only the gasoline consumed and does  not consider energy for recharging (or the ethanol or biodiesel as used in other fuels) when conputing mileage costs.
I would like to see basic costs for fuel only that include recharging and total bio-fuels.</description> <content:encoded><![CDATA[<p>Good article, but I am uncertain what is meant by total energy cost. Is this the cost of gasoline, plus the cost of electricy used to recharge the batteries, ie the basic costs, or does it also include the manufacturing costs for the vehicle or its components?<br
/> I understand that EPA defines estimated mileage as only the gasoline consumed and does  not consider energy for recharging (or the ethanol or biodiesel as used in other fuels) when conputing mileage costs.<br
/> I would like to see basic costs for fuel only that include recharging and total bio-fuels.</p> ]]></content:encoded> </item> <item><title>By: Benefits of Expensive Oil : Productivity501</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-82878</link> <dc:creator>Benefits of Expensive Oil : Productivity501</dc:creator> <pubDate>Wed, 06 Aug 2008 18:29:48 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-82878</guid> <description>[...] fuels. When oil is expensive, there are more commercial options for fuel. Even technologies like hybrid vehicles start looking more cost effective. A period of expensive oil gives companies a chance (and [...]</description> <content:encoded><![CDATA[<p>[...] fuels. When oil is expensive, there are more commercial options for fuel. Even technologies like hybrid vehicles start looking more cost effective. A period of expensive oil gives companies a chance (and [...]</p> ]]></content:encoded> </item> <item><title>By: Prius vs. BMW : Productivity501</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-69579</link> <dc:creator>Prius vs. BMW : Productivity501</dc:creator> <pubDate>Sun, 06 Jul 2008 16:28:05 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-69579</guid> <description>[...] benefit decisions and illustrated it with the cost benefit of hybrid vehicles and later with the total energy consumption of hybrids. If you enjoyed those discussions, you might be interested in real test between a BMW and a Prius [...]</description> <content:encoded><![CDATA[<p>[...] benefit decisions and illustrated it with the cost benefit of hybrid vehicles and later with the total energy consumption of hybrids. If you enjoyed those discussions, you might be interested in real test between a BMW and a Prius [...]</p> ]]></content:encoded> </item> <item><title>By: Norakism</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-3758</link> <dc:creator>Norakism</dc:creator> <pubDate>Sun, 19 Aug 2007 01:54:04 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-3758</guid> <description>&quot;If people can go 400,000km and still have the vehicle in good working order, then they are probably right. I haven’t heard of anyone getting those types of miles out of a hybrid, so thanks for the example.&quot;
Well, below is a story about a Prius taxi that went over 400,000km
http://www.dailytech.com/article.aspx?newsid=8046</description> <content:encoded><![CDATA[<p>&#8220;If people can go 400,000km and still have the vehicle in good working order, then they are probably right. I haven’t heard of anyone getting those types of miles out of a hybrid, so thanks for the example.&#8221;</p><p>Well, below is a story about a Prius taxi that went over 400,000km</p><p><a
href="http://www.dailytech.com/article.aspx?newsid=8046" rel="nofollow">http://www.dailytech.com/article.aspx?newsid=8046</a></p> ]]></content:encoded> </item> <item><title>By: Jesse</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1486</link> <dc:creator>Jesse</dc:creator> <pubDate>Tue, 10 Jul 2007 14:43:01 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1486</guid> <description>I meant to say 5%/10km and 50%/20 km</description> <content:encoded><![CDATA[<p>I meant to say 5%/10km and 50%/20 km</p> ]]></content:encoded> </item> <item><title>By: Jesse</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1485</link> <dc:creator>Jesse</dc:creator> <pubDate>Tue, 10 Jul 2007 14:42:24 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1485</guid> <description>Good article... you&#039;ve probably realized by now that some people will never accept your conclusion no matter how thought out.
@Brent- I agree with your sentiments, however with your 60%/10km, 80%/20km guideline I believe it is more like 5%/10km and 50 km where I live.  Plus for 4 months of the year when there is over a foot of snow and 5 degrees F (not C) bicycles would be useless.
Besides there&#039;s more than enough oil if the government would let us drill for it.</description> <content:encoded><![CDATA[<p>Good article&#8230; you&#8217;ve probably realized by now that some people will never accept your conclusion no matter how thought out.</p><p>@Brent- I agree with your sentiments, however with your 60%/10km, 80%/20km guideline I believe it is more like 5%/10km and 50 km where I live.  Plus for 4 months of the year when there is over a foot of snow and 5 <a
href="http://www.productivity501.com/harvard-masters-degree/6463/" class="kblinker" title="More about degree &raquo;">degrees</a> F (not C) bicycles would be useless.</p><p>Besides there&#8217;s more than enough oil if the government would let us drill for it.</p> ]]></content:encoded> </item> <item><title>By: Mark Shead</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1313</link> <dc:creator>Mark Shead</dc:creator> <pubDate>Fri, 06 Jul 2007 13:39:47 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1313</guid> <description>@Norakism - Thanks for the thoughtful comment and the links.  Here are a couple thoughts:
&lt;blockquote&gt;
Price needn’t be related to the energy used to make a product. A price premium may be there because the firm wants to make the product exclusive.
&lt;/blockquote&gt;
Actually the car connection article says that Toyota claims the hybrid production process requires more energy than an equivalent non-hybrid vehicle, but they feel that the cost is justified by the savings over the life of the vehicle.  (This tends to support the idea that they are priced higher because of higher energy costs.)
If people can go 400,000km and still have the vehicle in good working order, then they are probably right.  I haven&#039;t heard of anyone getting those types of miles out of a hybrid, so thanks for the example.  It will be very interesting to see if this is typical.
The article also says that Toyota is saying that the study was misleading because it was based on existing hybrids and future ones will be more efficient to manufacture and run longer.  This kind of confirms that they may not be the best vehicle to buy right now (unless you just want to help encourage automakers to keep making them).</description> <content:encoded><![CDATA[<p>@Norakism &#8211; Thanks for the thoughtful comment and the links.  Here are a couple thoughts:</p><blockquote><p> Price needn’t be related to the energy used to make a product. A price premium may be there because the firm wants to make the product exclusive.</p></blockquote><p>Actually the car connection article says that Toyota claims the hybrid production process requires more energy than an equivalent non-hybrid vehicle, but they feel that the cost is justified by the savings over the life of the vehicle.  (This tends to support the idea that they are priced higher because of higher energy costs.)</p><p>If people can go 400,000km and still have the vehicle in good working order, then they are probably right.  I haven&#8217;t heard of anyone getting those types of miles out of a hybrid, so thanks for the example.  It will be very interesting to see if this is typical.</p><p>The article also says that Toyota is saying that the study was misleading because it was based on existing hybrids and future ones will be more efficient to manufacture and run longer.  This kind of confirms that they may not be the best vehicle to buy right now (unless you just want to help encourage automakers to keep making them).</p> ]]></content:encoded> </item> <item><title>By: Norakism</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1275</link> <dc:creator>Norakism</dc:creator> <pubDate>Thu, 05 Jul 2007 14:59:45 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1275</guid> <description>You claim that decisions should be based on facts not marketing. The firm that came out with the report that Hummers were greener than Priuses was done by CNW Marketing Research and its results contradict peer-reviewed scientific journals.
Some reading:
http://www.pacinst.org/topics/integrity_of_science/case_studies/hummer_vs_prius.pdf
http://www.truedelta.com/blog/?p=48
http://www.thecarconnection.com/Auto_News/Green_Car_News/Prius_Versus_HUMMER_Exploding_the_Myth.S196.A12220.html?pg=1
&quot;On top of that, if a car costs more to purchase, it seems that the price should somehow be related to the energy that went into making it.&quot;
Price needn&#039;t be related to the energy used to make a product. A price premium may be there because the firm wants to make the product exclusive.
&quot;If you are really concerned about the environment, your best bet is to keep your existing car (assuming it is an average vehicle and not a cement truck) running for as long as possible.&quot;
Have you considered the effect that your old car on the second hand car market will have? On aggregate, all cars are used until they break down. Even if one person sells his car after 50,000 miles then someone else will buy that on the second-hand car market and then sell it, etc.
&quot;I use to drive a 1994 Geo Metro. It only had three cylinders and got between 38 and 55 miles per gallon. The average for normal driving was around 47 or so. That is no worse than what my friends get on their hybrids.&quot;
A Geo Metro is a subcompact, very small lightweight car compared to the more practical and safer and Prius, which is classified as a mid-sized car. When looking at costs versus benefits some may want to look at the benefits of space or the future expected health costs if the car doesn&#039;t have a 5-star crash test rating.</description> <content:encoded><![CDATA[<p>You claim that decisions should be based on facts not marketing. The firm that came out with the report that Hummers were greener than Priuses was done by CNW Marketing Research and its results contradict peer-reviewed scientific journals.</p><p>Some reading:<br
/> <a
href="http://www.pacinst.org/topics/integrity_of_science/case_studies/hummer_vs_prius.pdf" rel="nofollow">http://www.pacinst.org/topics/integrity_of_science/case_studies/hummer_vs_prius.pdf</a></p><p><a
href="http://www.truedelta.com/blog/?p=48" rel="nofollow">http://www.truedelta.com/blog/?p=48</a></p><p><a
href="http://www.thecarconnection.com/Auto_News/Green_Car_News/Prius_Versus_HUMMER_Exploding_the_Myth.S196.A12220.html?pg=1" rel="nofollow">http://www.thecarconnection.com/Auto_News/Green_Car_News/Prius_Versus_HUMMER_Exploding_the_Myth.S196.A12220.html?pg=1</a></p><p>&#8220;On top of that, if a car costs more to purchase, it seems that the price should somehow be related to the energy that went into making it.&#8221;</p><p>Price needn&#8217;t be related to the energy used to make a product. A price premium may be there because the firm wants to make the product exclusive.</p><p>&#8220;If you are really concerned about the environment, your best bet is to keep your existing car (assuming it is an average vehicle and not a cement truck) running for as long as possible.&#8221;</p><p>Have you considered the effect that your old car on the second hand car market will have? On aggregate, all cars are used until they break down. Even if one person sells his car after 50,000 miles then someone else will buy that on the second-hand car market and then sell it, etc.</p><p>&#8220;I use to drive a 1994 Geo Metro. It only had three cylinders and got between 38 and 55 miles per gallon. The average for normal driving was around 47 or so. That is no worse than what my friends get on their hybrids.&#8221;</p><p>A Geo Metro is a subcompact, very small lightweight car compared to the more practical and safer and Prius, which is classified as a mid-sized car. When looking at costs versus benefits some may want to look at the benefits of space or the future expected health costs if the car doesn&#8217;t have a 5-star crash test rating.</p> ]]></content:encoded> </item> <item><title>By: brent</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1210</link> <dc:creator>brent</dc:creator> <pubDate>Tue, 03 Jul 2007 21:47:13 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1210</guid> <description>@mark
Manufacturing engineers don&#039;t like to admit it, but Lean Manufacturing relies on volume, volume and volume.
Just like anything (cd players, microwaves, MP3 players) when you start to see the volume of hybrid cars go UP you&#039;ll see the costs go DOWN. Way down. They&#039;ll start to dedicate an entire plant in Mexico to producing the hybrid&#039;s steering wheel. They&#039;ll bring in a line of 4 different hybrids, and use standard parts throughout them all: one reason why hybrids are costly to manufacture at the moment is simply that they&#039;re an entirely new thing. Soon the tooling, plants, IP etc will be amortised and they&#039;ll be able to poor more money into development.
Cost of manufacture shouldn&#039;t be an issue: the more hybrids we buy, the cheaper they&#039;ll be.
@Ariane
I know. You&#039;re right, it doesn&#039;t work for everyone.
However, I&#039;m convinced that 60% of people live within 10km of where they work, and 80% live within 20km. I think that the roads are mostly congested by people making relatively short, regular, solitary trips. We don&#039;t ALL have to drop off the kids on the way to work.</description> <content:encoded><![CDATA[<p>@mark</p><p>Manufacturing engineers don&#8217;t like to admit it, but Lean Manufacturing relies on volume, volume and volume.</p><p>Just like anything (cd players, microwaves, MP3 players) when you start to see the volume of hybrid cars go UP you&#8217;ll see the costs go DOWN. Way down. They&#8217;ll start to dedicate an entire plant in Mexico to producing the hybrid&#8217;s steering wheel. They&#8217;ll bring in a line of 4 different hybrids, and use standard parts throughout them all: one reason why hybrids are costly to manufacture at the moment is simply that they&#8217;re an entirely new thing. Soon the tooling, plants, IP etc will be amortised and they&#8217;ll be able to <a
href="http://www.productivity501.com/10-signs-you-will-be-poor/472/" class="kblinker" title="More about poor &raquo;">poor</a> more money into development.</p><p>Cost of manufacture shouldn&#8217;t be an issue: the more hybrids we buy, the cheaper they&#8217;ll be.</p><p>@Ariane</p><p>I know. You&#8217;re right, it doesn&#8217;t work for everyone.</p><p>However, I&#8217;m convinced that 60% of people live within 10km of where they work, and 80% live within 20km. I think that the roads are mostly congested by people making relatively short, regular, solitary trips. We don&#8217;t ALL have to drop off the kids on the way to work.</p> ]]></content:encoded> </item> <item><title>By: Ariane Benefit</title><link>http://www.productivity501.com/cost-vs-benefit-revisited/219/comment-page-1/#comment-1206</link> <dc:creator>Ariane Benefit</dc:creator> <pubDate>Tue, 03 Jul 2007 17:21:33 +0000</pubDate> <guid
isPermaLink="false">http://www.productivity501.com/cost-vs-benefit-revisited/219/#comment-1206</guid> <description>Brent -
Bio Diesel may not be a perfect solution, but neither is expecting that everyone will live near where they work. It&#039;s a great goal, just not realistic that it could happen soon enough...e.g., my husband engineers building automation and his clients are all over the place.  Some bio-Diesel is made from waste, if we can harness that - I think it&#039;s a good temporary alternative till we do find a better solution.</description> <content:encoded><![CDATA[<p>Brent &#8211;</p><p>Bio Diesel may not be a perfect solution, but neither is expecting that everyone will live near where they work. It&#8217;s a great goal, just not realistic that it could happen soon enough&#8230;e.g., my husband engineers building automation and his clients are all over the place.  Some bio-Diesel is made from waste, if we can harness that &#8211; I think it&#8217;s a good temporary alternative till we do find a better solution.</p> ]]></content:encoded> </item> </channel> </rss>
