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IHS ESDU provides validated information, insight and tools for engineering design. ESDU analytical methods and tools and rigorously evaluated data collections are used to assist and improve fundamental design and analysis in safety-critical industries such as Aerospace & Defense, Oil & Gas, Chemicals and Nuclear, and in Academia and Research. ESDU provides guidance on more than 1500 specific topics in a variety of aerospace, mechanical, structural and process engineering areas such as aerodynamics, aircraft noise, aerospace structures, composites, fatigue, stress and strength, vibration, heat transfer and fluid mechanics. Click here to watch a video and learn more.

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Knowledge is Power! A Case Study

Posted September 28, 2015 2:30 PM by SavvyExacta
Pathfinder Tags: ESDU

Growing up, young people often hear the phrase "knowledge is power." This phrase originally appeared in Latin as "scientia potentia est" and is attributed to Sir Francis Bacon way back in 1597.

Having access to the right information can save you time, which in most businesses, translates to saving money as well. ESDU offers design methodologies that have been validated by technical committees. Using these methods can add up to a large resource savings.

Such is the case with a major aircraft manufacturer. When the FAA issued a directive to redesign fittings, the use of ESDU methods saved time and effort worth more than a million dollars. Engineers were able to use existing data and methodologies in their designs and calculations.

You can read the full story in this case study. For more information on ESDU, visit www.ESDU.com.

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#1

Re: Knowledge is Power! A Case Study

09/28/2015 4:23 PM

http://www.jokeindex.com/joke.asp?Joke=1831

First, these basics
Knowledge is Power
Time is Money and as every engineer knows,
Power is Work over Time.
So, substituting algebraic equations for these time worn bits of wisdom, we get:
K = P (1)
T = M (2)
P = W/T (3)
Now, do a few simple substitutions:
Put W/T in for P in equation (1), which yields:
K = W/T (4)
Put M in for T into equation (4), which yields:
K = W/M (5).
Now we've got something. Expanding back into English, we get:
Knowledge equals Work over Money.
What this MEANS is that:
1. The More You Know, the More Work You Do, and
2. The More You Know, the Less Money You Make.
Solving for Money, we get:
M = W/K (6)
Money equals Work Over Knowledge.
From equation (6) we see that Money approaches infinity as Knowledge approaches 0, regardless of the Work done.
What THIS MEANS is:
The More you Make, the Less you Know.
Solving for Work, we get
W = M K (7)
Work equals Money times Knowledge
From equation (7) we see that Work approaches 0 as Knowledge approaches 0.
What THIS MEANS is:
The stupid rich do little or no work.
Working out the socioeconomic implications of this breakthrough is left as an exercise for the reader.

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#2
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Re: Knowledge is Power! A Case Study

09/28/2015 5:45 PM

Wow! You earn a very rare TCMTech GA point for that one..

Personally I have equated knowledge to be freedom. The more you know how to do yourself the less you have to depend on others.

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#3
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Re: Knowledge is Power! A Case Study

09/29/2015 10:15 AM

That's a good thought tcmtech about personal reliance. There is also a terrible consequence to it as well. With that mindset our ability to produce is limited. The old addage, "if you want it done right you do it yourself" is the mindset of Industrial Age thinking and will keep us from being able to produce so we can reap the rewards we want.

As Ray Kroc, founder of the McDonalds franchising business model said, "none of us are as smart as all of us".

It takes interdependence to accomplish great things. We have a great idea but without the help of others we won't make much impact.

The statement from the OP, "knowledge is power" is not quite correct. It is "knowledge applied is power". To know and not to do is not to know!

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#4
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Re: Knowledge is Power! A Case Study

09/29/2015 3:18 PM

You make good points, but my cynical self is compelled to point out that, while none of are as smart as all of us, it is also true that there are times when none of us are as stupid as all of us.

Or, as I like to rephrase the famous saying, "It takes a village to raise a village idiot."

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#5
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Re: Knowledge is Power! A Case Study

09/29/2015 3:23 PM

I concur about the chances for misinformation. More often than not though, we have new perspectives on solving problems, on analyzing information etc., with sometimes fresh eyes or past experiences. As it says in the Bible, "there is wisdom in the counsel of many."

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Re: Knowledge is Power! A Case Study

09/29/2015 6:03 PM

Unfortunately in my village competition for the title is apparently extremely fierce.

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Re: Knowledge is Power! A Case Study

09/29/2015 7:21 PM

There, there. I'm sure if you work real hard, you will still have a chance.

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#8
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Re: Knowledge is Power! A Case Study

10/03/2015 1:03 AM

But no money!

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