Pages

Showing posts with label value for money. Show all posts
Showing posts with label value for money. Show all posts

Friday, September 23, 2022

Matthew Birchall: The value in Vogel


Political theatre is not usually associated with Julius Vogel (1835-99), the chief architect of the radical expansion of New Zealand’s rail network in the 1870s. A poor speaker, Vogel was also partially deaf in one ear – no small handicap in the heyday of parliamentary debate.

And yet Vogel’s financial statement of 1870 ranks as one of the most important speeches in New Zealand’s political history. Over the course of more than 3 hours on the evening of 28 June, the ambitious young Colonial Treasurer laid out an economic plan that would transform the country beyond recognition.

Thursday, September 23, 2010

Bryan Leyland: Earthquakes, snowfalls and road tunnels

Recent events in the South Island highlight what engineers can–and cannot–do.

My favorite definition of an engineer is "someone who can do for five bob was any fool can do for a quid”. Engineers strive to do the best job they can in the light of the knowledge available at the time without wasting huge amounts of money. As a result we have progressed from early steam engines with, perhaps, 5% efficiency to modern power stations at 60% efficiency. Bridges have got longer, stronger lighter and cheaper and so on. But advances in technology has always been punctuated by periodic failures. Detailed analyses of these failures has been a major factor in designing machines and structures that are stronger and safer. The process is continuous and, every now and then, there will be failures. Nevertheless, in the long run everyone will benefit from the lessons that have been learned. In engineering, as in most–or all–aspects of modern life, risk can be minimized but it cannot be eliminated.