The Economics and Management of Pens

I have one degree in Archaeology, one in GIS and I’ve worked for all manner of people; from being a Pizza deilvery boy, to surveying, from academic research to web-development. All and none of this makes me well qualified to talk about management - as well qualified as anyone can ever be. So after a brief experience this morning, I have developed The Law of Relative Biro Value

Assume:

  • R = Risk, expressed as a percentage of a working stealing or misusing a pen
  • P = Cost of a pen
  • S = Cost of the pen guardian’s time
  • W = Cost of workers time in obtaining a pen
  • Tw = Time in seconds taken by a worker to retrieve a pen
  • Ts = Time in seconds taken by the pen guardian to retrieve the pen
  • M = The wage per second of each party

Consider,

S = Ts * Ms
W = Tw * Mw

If RP < S + W
then

DONT LOCK THE STATIONARY CUPBOARD!!

If you need to lock your cupboard, either your pens are too expensive or you workers are not trustworthy enough.

I am available for hire for a wide range of management consultancy :)