Technology
The invention of the microscope was driven by a need to explore the world of the small, beyond our unaided vision. This technological solution to a long standing problem has in turn enabled us to understand more the workings of the world which in turn has led to the development of more technologies. The use of scientific knowledge to solve practical problems, especially in industry and commerce. Basic economic relations are changing as new technologies and markets emerge. Dairy producers are experimenting with new technologies to reduce the cholesterol in milk. Company profits have doubled since the introduction of new technology. Get the latest news from the Caltech website delivered to your email inbox. First of a two-part case on the development and use of a Balanced Scorecard at Mobil's US Marketing and Refining Division. This technical note considers how one makes choices in situations where there are multiple objectives and attributes that measure performance against... C...