Sunday, August 09, 2009

Pay more for Opening nights

Theater ticket pricing is a good instance where pricing varies with demand.
Fridays and Saturdays (opening nights for most movies) the tickets are charged the max (here locally it is $10 per tix), on rest of the days from Mon till Friday 5pm it is lower ($5 per tix).
There are enough customers willing to fill theaters paying for opening nights as the movies do their best to line up demand for Fridays and Saturdays through intense advertising campaigns. After that it is a diffusion process that proceed more or less by word of mouth.

Pricing might be refined to get better revenues if it were not for the simplicity of a two tier system.

Tuesday, August 04, 2009

Lead Pencils : a big waste!

One repeats the following process with lead pencils.

A. Sharpen to a cone pointed tip.
B. Flatten the head through use.

So if you divide the "cylindrical" lead structure in the pencil along the length into mini cylinders. Then you basically remove 67% the volume by sharpening the mini cylinder and using the conic remainder.

So you lose at least 67% of the lead in the pencil by sharpening. You can save unnecessary waste of wood and lead by not using lead pencils.

TIP: A cylinder has 3 times the volume of a cone of the same base and height.