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05/01/17
Business and Economics. Follow up to Sparteine articles
Filed under: Recent Posts, Mature professionals, Legal matters, Observ. Trends, Alternate Career Paths
Posted by: site admin @ 7:50 am

The C&EN article on (+) and (-) sparteine,  which had an
origin in “In the Pipeline,” talks about shortages of specific
chemicals.  Interestingly, this unresolved shortage is a
business of chemistry concern and something, as the C&EN
article portrays, that can be of interest to many scientists for
different reasons.  

.
It is an inventory and supply chain concern and thus there is 
an overlap with Economics that is the focus here.  Economics
characterizes how a business is run, whereas proverbial
‘business’ characterizes how to run a business.  In a discussion
in Yahoo, Economics uses algorithms to maximize profits,
determining the quantity of a commodity that should be made
and its cost to consumers.

.
While the end users focus on delivery and quality, there is
more to the economics side in terms of storage lifetime,
competing product lines for the same equipment, regulatory
and legal (patent) requirements and LCA. [lifecycle analysis]

 

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