So, the startling revelation that, if I save an hour of my time doing a task, I effectively make that task cost me $3.15 less (appropriating the cost of keeping my whole family alive for my tasks alone; I don't think there's a big problem with that approximation), gives me something to ponder. The whole concept seems to have a hole in it somewhere, which is exciting.
I'm the kind of guy that loves solving problems, mainly because it leads to understanding. Deming talked about "profound knowledge," and I think I'm a profound knowledge junkie. So, when I see a model that doesn't quite work, that means there's more knowledge to go and get. Exhilarating!
The part of the model that doesn't quite work is how to handle opportunity cost. I know, I presented that it was such a big breakthrough for me to determine the rough estimate of my time cost independent of my income. However, what else am I going to do with the time I save? That time still has the $3.15/hr price tag, but what if I generate income with that time, so that I have a net gain?
I think the model has to be on a task-by-task basis. If I know that a task will have a specific income attached to it, I can figure for that. I think this calls for a holistic schedule with price tags on it!
Thrilling. And I mean that. :-)
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