An act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.
—Frederic Bastiat (1801–1850), French economist
It’s hard to make predictions, especially about the future.
Use of a multiperiod model must be incorporated into Logistics Transformation to accommodate both the extensive and extended nature of this enormous undertaking. As events occur and a transformation trajectory evolves, a mechanism is needed to routinely update the ...