http://prairieskygroup.com/2012/07/25/cost-quality-and-value/ Sat, 02 Aug 2014 20:10:57 +0000 hourly 1 https://wordpress.org/?v=4.2.38 http://prairieskygroup.com/2012/07/25/cost-quality-and-value/#comment-53 Thu, 09 Aug 2012 17:46:04 +0000 http://prairieskygroup.com/?p=1864#comment-53 […] Cost, Quality, and Value – The Buyer’s Side, I defined value as quality divided by cost.  And quality was loosely defined as the degree to […]

]]> http://prairieskygroup.com/2012/07/25/cost-quality-and-value/#comment-52 Wed, 25 Jul 2012 12:45:32 +0000 http://prairieskygroup.com/?p=1864#comment-52 I like Lee’s definition of value. Quality/Cost. If you hold quality constant and increase the cost, value is reduced. Explains why the value of higher education has decreased! Tuition has increased 5x the rate of inflation but the quality has not improved! The question facing higher education is how to increase value .
streetsmartprof

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