logging in or signing up Sample sample sample boesky Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 804 Category: Entertainment License: All Rights Reserved Like it (1) Dislike it (0) Added: April 12, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Slide 1: It’s said that time is money. If that’s true, how can we quantify it to measure it from a relatable perspective? Slide 2: For simplicity, assume that - An individual works from 25 to 65 y/o, for 20 days per month, 8 hours per day. typical. Slide 3: 2. gdp (nom) per capita can be used to more or less gauge how much our time is actually “worth”, in current dollars. Slide 4: 3. That the annual inflation rate for the period in question is similar to the mean rate of the previous 10 years, 1.7%%. Slide 5: We shall apply this theory to public transport – we assume That, daily, with public transport, One wastes an hour More on Commuting than if he had driven. Slide 6: Using our national gdp per capita of S$51,656 (yr2009), we are able to roughly deduce what an hour is Approximately Worth - Slide 7: 51,656 ÷ (8 hrs x 20 days x 12 mths) = S$ 26.904167 Moving on, we have to figure out how much time is wasted on public transport in 40 years, from 25 to 65. Slide 8: Time wasted in 40-yr period - 1 hr x 365.25 days x 40 yrs = 14,610 hrs Now, using the S$ 26.904167 we derived earlier, we can price these hours. Slide 9: Approximate dollar value of 14,610 hrs - S$ 26.904176 x 14,610 hrs = S$ 393,069.875000 S$ 393,069.875000 in today’s dollars, Or S$ 568,677.541800, if you prefer to Factor in inflation. Slide 10: One may argue that public transport is cheaper (explicitly) than owning a vehicle. However, that Statement Is only true on the surface - Slide 11: If time really is money, one has to consider the implicit costs he Incurs (S$ 568,677.541800 in 40-yrs). Besides, public transport is intangible, your own car isn’t. Slide 12: So please, stop “going green”. Now that you know how much it’s worth, Can you Really Bear to throw away 14,610 hrs (608 ¾ days) of your life? Think about how much you and your loved ones can do in that time. Slide 13: CACTUS PRODUCTIONS You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Sample sample sample boesky Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 804 Category: Entertainment License: All Rights Reserved Like it (1) Dislike it (0) Added: April 12, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Slide 1: It’s said that time is money. If that’s true, how can we quantify it to measure it from a relatable perspective? Slide 2: For simplicity, assume that - An individual works from 25 to 65 y/o, for 20 days per month, 8 hours per day. typical. Slide 3: 2. gdp (nom) per capita can be used to more or less gauge how much our time is actually “worth”, in current dollars. Slide 4: 3. That the annual inflation rate for the period in question is similar to the mean rate of the previous 10 years, 1.7%%. Slide 5: We shall apply this theory to public transport – we assume That, daily, with public transport, One wastes an hour More on Commuting than if he had driven. Slide 6: Using our national gdp per capita of S$51,656 (yr2009), we are able to roughly deduce what an hour is Approximately Worth - Slide 7: 51,656 ÷ (8 hrs x 20 days x 12 mths) = S$ 26.904167 Moving on, we have to figure out how much time is wasted on public transport in 40 years, from 25 to 65. Slide 8: Time wasted in 40-yr period - 1 hr x 365.25 days x 40 yrs = 14,610 hrs Now, using the S$ 26.904167 we derived earlier, we can price these hours. Slide 9: Approximate dollar value of 14,610 hrs - S$ 26.904176 x 14,610 hrs = S$ 393,069.875000 S$ 393,069.875000 in today’s dollars, Or S$ 568,677.541800, if you prefer to Factor in inflation. Slide 10: One may argue that public transport is cheaper (explicitly) than owning a vehicle. However, that Statement Is only true on the surface - Slide 11: If time really is money, one has to consider the implicit costs he Incurs (S$ 568,677.541800 in 40-yrs). Besides, public transport is intangible, your own car isn’t. Slide 12: So please, stop “going green”. Now that you know how much it’s worth, Can you Really Bear to throw away 14,610 hrs (608 ¾ days) of your life? Think about how much you and your loved ones can do in that time. Slide 13: CACTUS PRODUCTIONS