beyond price we really need a metric for how inconvenient it is to exit an airport via Uber. The LAXit experience is so horrible that I would heavily knock off from its convenience score because of it. 😂
This part sounds intuitively like the idea of comparative advantage, but are they as closely related mathematically as my intuition suggests?: "It’s a great benchmarking method: if you are “efficient,” there is at least one metric (maybe all the weight is on one specific metric) you can excel in. if you are inefficient, someone’s doing a better job in generating better performance. "
beyond price we really need a metric for how inconvenient it is to exit an airport via Uber. The LAXit experience is so horrible that I would heavily knock off from its convenience score because of it. 😂
Completely agree. Maybe I should crowdsource it to my readers :)
This part sounds intuitively like the idea of comparative advantage, but are they as closely related mathematically as my intuition suggests?: "It’s a great benchmarking method: if you are “efficient,” there is at least one metric (maybe all the weight is on one specific metric) you can excel in. if you are inefficient, someone’s doing a better job in generating better performance. "
They are very much related. Here is a short explanation: https://www.khanacademy.org/economics-finance-domain/microeconomics/basic-economic-concepts-gen-micro/production-possibilities/a/the-production-possibilities-frontier-and-social-choices-cnx-2
This is a nice benchmarking tool. Can you share the excel file please?
Email me and I am happy to share it.