vault backup: 2026-01-02 08:12:04
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@@ -111,7 +111,7 @@
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"library2": {
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"library2": {
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"type": "excalidrawlib",
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"type": "excalidrawlib",
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"version": 2,
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"version": 2,
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"source": "https://github.com/zsviczian/obsidian-excalidraw-plugin/releases/tag/2.16.1",
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"source": "https://github.com/zsviczian/obsidian-excalidraw-plugin/releases/tag/2.18.3",
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"libraryItems": []
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"libraryItems": []
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},
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},
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"imageElementNotice": true,
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"imageElementNotice": true,
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@@ -25,11 +25,12 @@ and undoing years of poor conditioning is... not easy.
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## Naming Conventions (Use Case vs. Description)
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## Naming Conventions (Use Case vs. Description)
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Related: [[realism-vs-instrumentalism]]
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Related topic: [[realism-vs-instrumentalism]]
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Naming by use case is intuitive for those without estimating or field experience,
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Naming by use case is intuitive for those without estimating or field experience,
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but has the side effect that those accustomed to the names
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but has the side effect that those accustomed to the names
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will inevitably _treat them as descriptive_.
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will inevitably _treat them as descriptive_,
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leading to [[ambiguity#Category Mistake|category mistake]].
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| Use Case | Description |
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| Use Case | Description |
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| ------------------- | ------------- |
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| ------------------- | ------------- |
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@@ -11,6 +11,10 @@ title: Markup vs. Margin
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---
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---
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# Markup vs. Margin
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# Markup vs. Margin
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**Markup** and **margin** are both terms to describe the percent profit of a sold good or service.
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**Markup** describes an item's profit relative to its cost to the merchant.
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**Margin** describes an item's profit relative to its cost to the customer.
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$$
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$$
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\text{Profit} = \text{Sell Price} - \text{Cost}, \quad
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\text{Profit} = \text{Sell Price} - \text{Cost}, \quad
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\text{Markup} = \frac{\text{Profit}}{\text{Cost}}, \quad
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\text{Markup} = \frac{\text{Profit}}{\text{Cost}}, \quad
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@@ -31,4 +35,4 @@ Because of \*waves hands\* finance reasons,
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contractors (and sellers of products and services in general)
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contractors (and sellers of products and services in general)
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almost exclusively talk about profit in terms of margin.
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almost exclusively talk about profit in terms of margin.
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Even if someone says "15% _markup_"
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Even if someone says "15% _markup_"
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they're still probably talking about margin.
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they may still be talking about margin.
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+1
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@@ -33,7 +33,7 @@ Each supertopic note will be linked as below.
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%%
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%%
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## Risk-Oriented-Estimating
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## Risk-Oriented Estimating
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Main article: [[risk-oriented-estimating]]
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Main article: [[risk-oriented-estimating]]
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@@ -434,19 +434,22 @@ and/or from spending time near larger gravity wells.
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Also a spacefarer
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Also a spacefarer
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### Ymar
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### The Previous Autarch
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Severian's unnamed predecessor to the autarchy.
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He is not Ymar, but Ymar's successor.
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Severian's predecessor to the autarchy.
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He takes several forms in Severian's narrative
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He takes several forms in Severian's narrative
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before they meet in truth.
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before they meet in truth.
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Master Rudesind, the painting cleaner
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* Master Rudesind, the painting cleaner
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at the Citadel and then the House Absolute
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at the Citadel and then the House Absolute
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Maybe?
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Maybe? No.
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Confused with the unnamed clerk of the House Absolute.
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The proprietor of the House Azure
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* The proprietor of the House Azure
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who is also [[#Vodalus]]'s contact
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who is also [[#Vodalus]]'s contact
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in the House Absolute
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in the House Absolute
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## Creatures
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## Creatures
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@@ -53,10 +53,10 @@ as reported in the winning contractor's historicals.
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an organization pays in estimator hours.
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an organization pays in estimator hours.
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These hours have a direct cost in salary and benefits,
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These hours have a direct cost in salary and benefits,
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however the greater cost is the opportunity cost
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however the greater cost is the **opportunity cost**
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of tying up an estimator who could otherwise be starting a new project.
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of tying up an estimator who could otherwise be starting a new project.
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In many cases, the utility of doubled throughput
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In many cases, the [[utility]] of doubled throughput
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far outweighs the increased risk of individual bids.
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far outweighs the increased risk of individual bids.
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%%
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%%
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