...Ferr_9780307465351_4p_01_r1.j.qxp 8/27/09 3:50 PM Page v The 4-Hour Workweek q E SC A P E 9 – 5 , L IV E A N Y W H E R E , AND JOIN THE NEW RICH Expanded and Updated TIMOTHY FERR ISS CROWN PUBLISHERS NEW YORK Ferr_9780307465351_4p_01_r2.j.qxp 9/2/09 2:37 PM Page vi Copyright © 2007, 2009 by Tim Ferriss All rights reserved. Published in the United States by Crown Publishers, an imprint of the Crown Publishing Group, a division of Random House, Inc., New York. www.crownpublishing.com Crown and the Crown colophon are registered trademarks of Random House, Inc. The 4-Hour Workweek is a trademark of Timothy Ferriss and is used under license. Originally published in slightly different form in the United States by Crown Publishers, an imprint of the Crown Publishing Group, a division of Random House, Inc., New York, in 2007. Grateful acknowledgment is made to David L. Weatherford for permission to reprint “Slow Dance” by David L. Weatherford. Reprinted by permission of David L. Weatherford. Library of Congress Cataloging-in-Publication Data Ferriss, Timothy. The 4-hour workweek: escape 9–5, live anywhere, and join the new rich / Timothy Ferriss—Expanded and updated ed. Includes index. 1. Quality of work life. 2. Part-time self-employment. 3. Self-realization. 4. Self-actualization (Psychology). 5. Quality of life. I. Title. II. Title: Four-hour workweek. hd6955.f435 2009 650.1— dc22 2009021010 isbn 978-0-307-46535-1 ...
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...I PRAISE FOR The 4-Hour Workweek "It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge." —JACK CANFIELD, cocreator of Chicken Soup for the Soul®, 100+ million copies sold "Stunning and amazing. From mini-retirements to outsourcing your life, it's all here. Whether you're a wage slave or a Fortune 500 CEO, this book will change your life!" —PHIL TOWN, New York Times bestselling author of Rule #/ "The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work? A world of infinite options awaits those who would read this book and be inspired by it!" —MICHAEL E. GERBER, founder and chairman of E-Myth Worldwide and the world's #1 small business guru "This is a whole new ball game. Highly recommended."—DR. STEWART D. FRIEDMAN, adviser to Jack Welch and former Vice President Al Gore on work/ family issues and director of the Work/Life Integration Program at the Wharton School, University of Pennsylvania "Timothy has packed more lives into his 29 years than Steve Jobs has in his 51." —TOM FOREMSKI, journalist and publisher of SiliconValleyWatcher.com "If you want to live life on your own terms, this is your blueprint." —MIKE MAPLES, cofounder of Motive Communications (IPO to $260M market cap) and founding executive of Tivoli (sold to IBM for $750M) "Thanks to Tim Ferriss, I have more time in my life...
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...helpful to get success. This paper discusses different paths of success such as 10,000 hour rule, Tiger mom and Tim Ferriss. It also discusses the advantages and disadvantages of each success method. 10,000 Hour Rule: According to this rule, brain takes 10,000 hours to assimilate all that it needs to achieve true mastery. In views of Heshmat, (2011), the 10,000 hours rule translated into practicing 3 hours a day for 10 years, which is indeed a common training span for young people in sports. This rule suggested that success is the result of accumulative advantages. It is a function of persistence and willingness to work hard. It is because it is difficult to carry out any long-range plan and achievement of any difficult goal, unless people can make themselves persist at it. Advantage: The main advantage of 10,000 hour rule is that it leads to the perfection of people. It is because after spending 10,000 hours on a particular task, individuals build necessary skills and competencies that are necessary to do the job in a perfect way (Bell, 2010). Disadvantage: The main disadvantage of this theory is that it takes a long-term view of getting success. Concurrently, this rule also not describes the performance of a person, who spends less than 10,000 hours to a particular job (Martin, 2011). It also limits the growth of an individual, as he/she focus on a particular job for 10,000 hours. Tiger Mom: According to “Tiger Mom” concept, parents work hard in order to...
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...control etc. The FOH expenses of company wages, depreciation ,rent and otherexpenses are allocated on basis of labor hours then we obtain overhead rate per labor hour.3-Exhibit include the job profit analysis. It shows net profitor loss of the company.It contains 26 jobs of colorscope company and it have separate revenue and ,material expenses. Profibility analysis of the job shows profit of thecompany of all jobs.4-Exhibit shows the whale curve analysis .The separate job have separate then we deducted all the expenses of particular job. It mens all the profit of particular job is cumulative of previous month.5-Exihibit shoows the rework of cost. Rework due to change in specification by customer. Rework the job due to occur large cost.2-Exhibit include the overhead drivers rate calculations. Itcontains four departments like that job preparation, scanning assembly, output, quality control etc. The FOH expenses of company wages, depreciation ,rent and otherexpenses are allocated on basis of labor hours then we obtain overhead rate per labor hour.3-Exhibit include the job profit analysis. It shows net profitor loss of the company.It contains 26 jobs of colorscope company and it have separate revenue and ,material expenses. Profibility analysis of the job shows profit of thecompany of all jobs.4-Exhibit shows the whale curve analysis .The separate job have separate then we deducted all the expenses of particular job. It mens all the profit of particular job is cumulative of previous...
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...entertainment, gourmet meals, and T-shirts, their willingness to return year after year depends on an intangible degree of satisfaction. In spring 2003, a crew coordinator sought to automate the scheduling process for his crew of about 35 volunteers to save time and to accommodate volunteers’ preferences when possible. We developed a spreadsheet-based decisionsupport tool that generated shift times, scheduled volunteers according to various constraints and preferences, and produced master and individual schedules. Key words: programming: linear; organizational studies: personnel. History: This paper was refereed. T he Edmonton Folk Festival is a four-day outdoor event that has been held annually since 1980 (http://www.edmontonfolkfest.org/). In 2002, 15,000 people attended the afternoon workshops and the evening main-stage performances featuring local artists and internationally renowned musicians. With only a handful of paid staff, the event’s success and longevity are attributable to its volunteers. In 2002, 1,800 volunteers worked on 35 crews (for example, gate, kitchen, and security) contributing over 50,000 volunteer hours. In return for their hours of service, the festival gives volunteers free admission, T-shirts,...
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...6634 CH04 UG 8/23/02 1:53 PM Page 20 C H A P T E R Linear Programming Sensitivity Analysis 4 SOLUTIONS TO DISCUSSION QUESTIONS AND PROBLEMS 4-1. In most real world situations that are modeled using LP, conditions are dynamic and changing. Hence, input data such as resource availabilities, prices, and costs used in the LP model are estimated, rather than known with certainty. In such environments, sensitivity analysis can be used to identify the ranges of values of these input data for which the current LP solution remains optimal. This is done without solving the problem again each time we need to examine a change in an input data’s value. When all model values are deterministic, that is, known with certainty, sensitivity analysis may not be needed from the perspective of evaluating data accuracy. This may be the case in a portfolio selection model in which we select from among a series of bonds whose returns and cash-in values are set for long periods of time. 4-2. Sensitivity analysis is important in all decision modeling techniques. For example, it is important in breakeven analysis to test the model’s sensitivity to selling price, fixed cost, and variable cost. Likewise, it is important in inventory models in which we tests the result’s sensitivity to changes in demand, lead time, costs, and so on. 4-3. A change in a resource’s availability (right-hand-side) changes the size of a feasible region. An increase means more units of that resource are available...
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...You can work with the scheduling method and the task type settings when making changes to the initial resource assignment. In the previous lesson, the initial resource assignments were made for our project. But we need to learn how to make adjustments to how those resources are used. It is important that you read every part of this lab carefully, if not twice. Working with Effort-Driven Scheduling How a task reacts to the addition and removal of resources is defined by the scheduling method and the task type settings. In MS Project, the default scheduling method is effort-driven scheduling. Effort-driven scheduling extends or shortens the duration of a task to accommodate changes to resources but doesn't change the total work for the task. Work is the amount of effort, or number of hours, resources put into a task. The total work for a task is determined by the duration estimate for the task and the initial resource assignment using the following formula: Work = Duration * Units For example, say you give a task the duration of one day (or eight hours based upon a normal working day). If the initial resource assignment is two units (200%) of a particular resource, the total work for the task will be 16 hours. 16 hours = 1 Day (8 hours) * 200% As resources are added or removed after the initial assignment, the amount of work is not recalculated, but redistributed among the...
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...20 SOLUTIONS TO DISCUSSION QUESTIONS AND PROBLEMS 4-1. In most real world situations that are modeled using LP, conditions are dynamic and changing. Hence, input data such as resource availabilities, prices, and costs used in the LP model are estimated, rather than known with certainty. In such environments, sensitivity analysis can be used to identify the ranges of values of these input data for which the current LP solution remains optimal. This is done without solving the problem again each time we need to examine a change in an input data’s value. When all model values are deterministic, that is, known with certainty, sensitivity analysis may not be needed from the perspective of evaluating data accuracy. This may be the case in a portfolio selection model in which we select from among a series of bonds whose returns and cash-in values are set for long periods of time. 4-2. Sensitivity analysis is important in all decision modeling techniques. For example, it is important in breakeven analysis to test the model’s sensitivity to selling price, fixed cost, and variable cost. Likewise, it is important in inventory models in which we tests the result’s sensitivity to changes in demand, lead time, costs, and so on. 4-3. A change in a resource’s availability (right-hand-side) changes the size of a feasible region. An increase means more units of that resource are available, causing the feasible region to increase in size. A decrease means fewer units are available...
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...INTM 410: Operations Management: Viren Kheni Assignment 2: Hopewell Pharmacy case study Answers: 1.) Start Start Flow Chart: Patient Consults Doctor Patient Consults Doctor Pharmacy Receives Order Takes 0.5 minutes/Rx 120 Rx/hour/person Pharmacy Receives Order Takes 0.5 minutes/Rx 120 Rx/hour/person Verify and Validate the Order Takes 1.3 minutes/Rx 46.2 Rx/hour/person Verify and Validate the Order Takes 1.3 minutes/Rx 46.2 Rx/hour/person Prepare Rx Takes 3.2 minutes/Rx 18.75 Rx/hour/person Prepare Rx Takes 3.2 minutes/Rx 18.75 Rx/hour/person Store the Rx at proper place Takes 0.8 minutes/Rx 75 Rx/hour/person Store the Rx at proper place Takes 0.8 minutes/Rx 75 Rx/hour/person Doctor writes Rx Doctor writes Rx Determine Duplication and History Takes 1.4 minutes/Rx 84 Rx/hour/person Determine Duplication and History Takes 1.4 minutes/Rx 84 Rx/hour/person Confirm Stock and Expiry of med Takes 1 minutes/Rx 60 Rx/hour/person Confirm Stock and Expiry of med Takes 1 minutes/Rx 60 Rx/hour/person Prepare all charges & comments Takes 1.5 minutes/Rx 40 Rx/hour/person Prepare all charges & comments Takes 1.5 minutes/Rx 40 Rx/hour/person Patient receives medication Patient receives medication Deliver Rx by Pickup or delivery Deliver Rx by Pickup or delivery End End Return/Error/misprint Return/Error/misprint YES...
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...Standard costing is a technique, which uses standards for cost and revenue for the purpose of control through variance analysis. We can say standard costing is a technique of costing, which also established control over costing. Standard cost can be defined “As a pre-determined cost which is calculated from management’s standard of efficient operation and relevant necessary expenditure. It may be used as a basis for price fixing and for control through variance analysis.” Hence we can say standard costs are pre-determined estimates of cost of a single unit or a number of units of a product service. Uses of Standard Cost: - 1. Use of standard cost is an effective way for planning and controlling costs. 2. Pricing decisions and decisions involving submission of quotations, answering tenders etc are also facilitated by the use of standard costs. 3. Identification and measurement of variances from standards have been made possible with the use of standard cost, with a view to improve performance or to correct loose standards, if any. 4. Facilitates management by exceptions. DEFINITION OF STANDARD COSTING Standard costing is defined by the I.C.M.A. London “As the preparation and uses of standard costs, their comparison with actual costs and the analysis of variance to their causes and point of incidence.” Hence we can say standard costing is a method of preparation of standards and their uses for comparison with actual costs by variance...
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...Statement 3 Solution 4 Solution from Solver 4 Summary of attached excel 5 Sensitivity Report 5 Answer Report 6 Analysis and Answers 7 Introduction I am working in a project where we get 3 types of incidents and for each resolution we get some (dollar) amount. At high level, we have 3 teams Design, Build and Test . Analysis and assignment of incidents is done by client team so we don’t have any role to play there. Team size is also decided by clients based on number of incidents they assign to us. I am formulating that problem based on my project and will provide some analysis based on leanings in class. I have learnt a lot in OR classes and now in a position to suggest my findings to client team. Data shared below is not exactly same as that is confidential and cannot be shared having said that problem and scenario is exactly what I use in my day to day project work. Problem Statement There are three types of incidents say Type X incidents, Type Y incidents, Type Z Incidents. All 3 require Design, build and test efforts. It is mandatory to resolve minimum 10 incidents of each type on each working day. To resolve one incident of one type data is shown below - For type X - requires 4 hours of design effort, 5 hours of build and 4 hours of testing effort. Gets revenue of 9500/- For type Y – requires 2 hour of design, 5 hour of build and 7 hour of testing. Gets revenue of 8000/- For type Z – requires 3 hour of design, 4 hour of build and 2 hour of testing. Gets...
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...Selecting a product mix in a factory to make a best use of machine- and labour-hours available while maximizing the firm’s profit. Slides prepared by Romulus Cismaru University of Regina Copyright © 2006 McGraw-Hill Ryerson Limited 6S-1 Copyright © 2006 McGraw-Hill Ryerson Limited 6S-2 Linear Programming some typical applications of Linear programming: Available Hours Product Standard Bag: price $10 (3 hour cutting; 2 hour Sewing ) Deluxe Bag : Price $9 (3 hour cutting; 2 hour Sewing ) How to maximize revenue? Cutting 630 hours Sewing 600 hours 2. Picking blend or raw materials in feed mills to produce finished feed combinations at minimum cost. 3. Determining the distribution that will minimize total shipping cost from several warehouses to various markets locations. 4. A manufacturer wants to develop a production schedule and an inventory policy that will satisfy sales demand in future periods. Copyright © 2006 McGraw-Hill Ryerson Limited 6S-3 Copyright © 2006 McGraw-Hill Ryerson Limited 6S-4 Requirements of Linear Programming Problems 1. LP problems seek to maximize or minimize some quantity (usually profit or cost). We refer to this property as the objective function of an LP problem. 2. The presence of restrictions, or constraints, limits the degree to which we can pursue our objective. 3. There must be alternative courses of action to choose from. 4. The objective and constraints in linear programming problems must be expressed...
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...(normally called a function) is known as optimization . Linear programming (LP) is a branch of Mathematics which deals with modeling a decision problem and subsequently solving it by mathematical techniques. The problem is presented in a form of a linear function which is to be optimized (i.e maximized or minimized) subject to a set of linear constraints. The function to be optimized is known as the objective function . Linear programming finds many uses in the business and industry, where a decision maker may want to utilize limited available resources in the best possible manner. The limited resources may include material, money, manpower, space and time. Linear Programming provides various methods of solving such problems. In this unit, we present the basic concepts of linear programming problems, their formulation and methods of solution. 0.1.3 Formulation of linear programming problems Mathematically, the general linear programming problem (LPP) may be stated as: Maximize or Minimize subject to Z = c1 x1 + c2 x2 + . . . +...
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...1. Since we are looking for the time it takes for the student to be able to type 55 WPM N(t) will equal 55, when we plug this into the equation and solve, we see that the it would take approximately 8 weeks for the student to type 55 WPM 55 = 157/(1+5e^-0.12t) 1+5e^-0.12t = 157/55 ≈ 2.85454 5e^-0.12t = 1.85454 e^-0.12t = 1.85454/5 = 0.370908 -0.12t = ln 0.370908 t = ln 0.370908/-0.12 = 8.265 ≈ 8 weeks 2. According to the information (bacteria in culture after 3 hours is 100 and 5 hours is 400), the bacteria appears doubling every hour. If this is the case a) the growth rate is 200% every hour . b) Following this same trend to find the initial growth rate we would divide 100 by 2, 3 times. Thus the initial number of bacteria would be 12.5 c) Since the number of bacteria of 5 hours is 400, to find the number of bacteria at 6 hours is going to be double the amount at 5 hours, 800. 3. To solve we need to find the equation of the parabola in vertex form, since we know a point of the vertex, also that is vertically symmetrical from this point. Recall that the equation we’ll use is the quadratic y = a(x-h)² + k. Since we are looking for how wide the parabola is at 10 meters(8 meters) and its vertex’s x coordinate is at 0 and its vertically symmetrical the a point that is passed through at that height(10 meters) is 4 (4,10).Substitute this information into the equation (10=a(4-0)^2) + 12 simplify -2=16a 12/16=a a = -1/8 Now substitute the equation with a=-1/8...
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...is some math that needs to be figured out and in this paper I will mention the way to conquer this task. Transfer Time 3 Transfer Time and File Size The very first step to understanding transfer time and file size is to first know that 1 byte is equal to 8 bits as well as what each component is exactly. A bit is defined as:” a single basic unit of information, used in connection with computers and electronic communication”. (Quote, n.d.) A byte is “pronounced ‘bite’, is the next size up basic unit of measurement for information storage, usually consisting of 8 bits”. (Quote, n.d.) The next set of terms that are used is: Kilo (kilobytes) equal to 1,000 bits stated in decimal form or 1,024 bytes stated in binary form. Then we have Mega (megabytes) equal to 1,000,000 decimal bits or 1,048,576 binary bits. Next is one of the bigger bytes and that is Giga (gigabytes) which is equal to 1,000,000,000 decimal bits or 1,073,741,824 binary bits. After figuring out the numbers to these complex bits of information, the next step is to understand the speed of transferring data. This is simply downloading information and what speed is required to effectively transfer the data. This unit of measure is ‘bits per second’ (bps) and is usually measured in thousands of bits per second or kilobits per second (kbps). The prefixes for the above data are: Kilobits per second, 1,024 (Kbps), Megabit per second, 1,048,576 (Mbps) and Gigabit per second, 1,073,741,824 (Gbps). But...
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