Run by the University of North Carolina, Charlotte (UNCC), SWIFT seeks to combine the use of low-cost real-time energy monitoring technology and an administrativemodel incorporating university research.
The operating methods of the defense industry are worthy of their own post, but suffice it to say that the flaws of the command-administrative model were every bit as much in evidence in the defense sector (the quantity drive, the neglect of quality, and appalling waste of resources).
Many hedge funds take 2% of assets in administrative fees and 20% of annual profits, a model Mr. Buffett has criticized as offering pay for nonperformance.