Shameless self promotion

originally posted by VLM:

The lower asymptote is 2.05 because staff (and owners) get a 50% discount and we don't want to lose money. It's also on the very reasonable side for a restaurant. 1.5x is standard retail (and almost everything we have is also available at Cave Taureau). Because it is a COD state, profit starts eroding immediately upon receipt.

The trick is the curvature parameter.

mark up= b0 + b1*e^(-price*b2)

Pepiere wholesale here is, IIRC, $9.33. According to my model with b2=0.05, the mark-up for that would be 4.56 and the price would be $43, which does sound pretty steep.

We don't use this, BTW. But I would like to be able to have something that is transparent and fair.
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So what about adding an offset in your exponential? change price to (price+5) or (price+10) to lower the increase. That's what I meant by changing the X asymptote.

Mark Lipton
 
You don't always have to precisely calculate things mathematically. Where is the fun in this protein business of yours? The best deal looks to be Croix Boisée...
 
Nice list...if I'm ever in the area, I will definitely stop by.

I kinda expected a monkey on there somewhere.

Your equations are quite interesting.

-mark
 
originally posted by VLM:

Vintage bonus is either 0 or 1. It's a way to make starry vintages like 2002 and 2005 a little more expensive, so people will look at others.
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Almost sounds like something out of a Dan Ariely paper.
 
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