tag:blogger.com,1999:blog-3329273366428980610.post7918154225361018469..comments2024-01-21T00:30:11.847-08:00Comments on Scientists - who are also members of the Church of Jesus Christ: GuestimateAskTheGeologisthttp://www.blogger.com/profile/06354833219992420022noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3329273366428980610.post-23925774789191149972011-12-30T22:33:21.520-08:002011-12-30T22:33:21.520-08:00I totally agree with this statement. Working in th...I totally agree with this statement. Working in the engineering field, I often find that people make decisions based on "gut feelings" rather than sound estimates. For instance, do we design a new widget or buy it? A "back of the envelope" calculation based on the number expected to be sold, the ASP, and the estimated development costs (and then multiply the development costs by 2x) provide invaluable information. Instead of doing this calculation, often I am asked to have a financial analyst look at it -- consuming my time and his on often ill-thought out ideas.<br /><br />A few other thoughts. If you ask a different question, expect a different answer. You can't optimize on three different variables -- this is an exercise in performing trade studies.Emily (The Bookish Cook)https://www.blogger.com/profile/01711787418395431371noreply@blogger.com