Bloomberg Professional Service is the industry norm for investment tools and strategies. It provides students the opportunity to learn career tools in the classroom and for professors to integrate theory with real-world practice.
Thanks to Fifth Third Bank for "empowering our students" with Bloomberg.
March 11, 2014
Developers unveil plans for $27 million hotel in Mid Towne Village
March 6, 2014
West Michigan companies rank among Fortune's 'Most Admired'
February 21, 2014
Grand Rapids Magazine names best restaurants
February 19, 2014
Grand Rapids ranks in the top 10 for getting and staying healthy
February 17, 2014
Supporting Local Businesses: Founders Brewing releases Best Beer in America
- See all news items
Are Black Friday lines worth the deals?
Date: November 25, 2013
Are Black Friday lines worth the deals? GVSU economist's formula answers question
on November 24, 2013 at 8:26 AM, updated November 24, 2013 at 6:07 PM
GRAND RAPIDS, MI — 'Tis the season of bargain hunting.
And for the hardcore, that often means waiting in line for hours, and in some cases, days.
That leads to the question: Is the investment of time worth the savings to get a deep discount on a flat screen TV, laptop or cell phone?
We asked Grand Valley State University economist Paul Isley to use his expertise to come up with a formula to evaluate this question.
Here is the formula: S - (T x V) + E = C
• S is for savings on the purchase.
• T is for the time spent in line.
• V is for the value of your time, which may be easiest to quantify as your hourly wage.
• E is the enjoyment factor. Is standing in line comparable to watching a movie which might cost $10. Or is the adrenaline you get from hunting down a sale the same thrill as going to an amusement park that might set you back $50 or more.
• C is true cost.