I think that’s missing the point. If we increase cost-effectiveness of all projects by 20%, we’ll be doing much less good than if we increase time-effectiveness (speed up all projects) by 20%. While there is a limited amount of it, money is no longer the most important constraint, so it shouldn’t hold a special place as the resource we’re trying to maximize use of.
I think that’s missing the point. If we increase cost-effectiveness of all projects by 20%, we’ll be doing much less good than if we increase time-effectiveness (speed up all projects) by 20%. While there is a limited amount of it, money is no longer the most important constraint, so it shouldn’t hold a special place as the resource we’re trying to maximize use of.
Right, we should reframe the optimization problem to include both a budget constraint and a time constraint.