When is Efficient, Efficient Enough?

Apr 25, 2015

I had a conversation this week with a colleague about efficiency.  We were trying to determine how to decide when efficient was efficient enough.  The question was if you are at 99% efficiency, is that good enough and there is no sense exploring the remaining 1%?

On the surface this sounds pretty reasonable and there are likely better places to put effort and spend money rather than trying to close the gap on the remaining 1%.  But I had a different opinion.

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