Thursday, September 24, 2020

Take total factor productivity and covid

 We are making lots of bets, but the odds are getting better.  As the trials and research bear fruit, the bets become more even. At some point, the bets become good enough, this thing is a random arrival. In other words, what we have works.

What remains is valuable alternatives that bulge inventories an trail out later.  This is he residual productivity, the surplus.  It is there because of value chain length, they get stuck on the chain, but still have value. Again, the idea of kinetic energy comes to mind,  under sampled covid projects. The results free to bounce around and find other opportunities.  Market size must be undetermined to an error bound in adaptive systems.  

It is always a queue balancing problem when arrivals are serialized somewhere. They will be relatively prime, integer solutions.

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