In 2016 there were several big birthdays in my life – my wife turned 30, my son turned 2, and my new division, Lannick Project Recruitment, was born on September 5th, 2016. Lannick Project Recruitment, or LPR as we like to call it, was more than just a new job―it was a passion project for m...
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Conventionally stated the shutdown rule is: “in the short run a firm should continue to operate if price exceeds average variable costs.” The shutdown rule “R ≥ TC” is old hat to economists and process engineers. Simplistically — if it costs more money to stay open than you’re able to...
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This article provides a fairly high level overview of the DMAIC (Design, Measure, Analyze, Improve, Control) methodology that is so prevalent in process improvement across countless industries. I was first exposed to the DMAIC and Lean methodologies while working in HR at a large International Logi...
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