Preview

East Mercy Medical Center Analysis Paper

Good Essays
Open Document
Open Document
651 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
East Mercy Medical Center Analysis Paper
East Mercy Medical Center Analysis
University of Phoenix
QNT 571
February 24, 3014
Professor Victor Mojica

East Mercy Medical Center Analysis The East Mercy Medical Center recently hired a new assistant administrator, given the name Dorothy Jacobs. One of her first tasks is to evaluate ways to improve the costs of their hospital management related to the patient capacity in three main hospital wards: Obstetrics, Surgery and Pediatrics. The hospital board is considering expanding their offerings of the same wards, and has allocated a total of $400,000 as budget for this project. The administrator must determine how many additional beds can best satisfy the supply and demand for all the units, considering
…show more content…
We begin with Obstetrics:
P (X1 ≤ 30 + B1) ≥ 0.95
24 + 1.65*6.1 ≤ 30 + K1
K1≥ 4.065
We recommend purchasing at least 4.3 beds; since we cannot have a 0.065 bed, we conclude 5 beds are required at a cost of 22,000*5=110,000. A graph of the probability follows, on Graph I.

Graph I
Student T- Distribution Graphic at a=0.05, t=09.95 for the Obstetrics Ward

We continue on to analyze the Surgery ward:
P (X2 ≤ 20 + B2) ≥ 0.95
13 + 1.65*4.3 ≤ 20 + K2
K2 ≥ 0.095
We recommend purchasing at least 0.95 beds; since we cannot have a 0.95 bed, we conclude 1 bed is required at a cost of 26,000*1=26,000. A graph of the probability follows, on Graph II.

Graph II
Student T- Distribution Graphic at a=0.05, t=09.95 for the Surgery Ward

We finish by analyzing the Pediatrics ward:
P (X3 ≤ 30 + B3) ≥ 0.95
19 + 1.65*4.7 ≤ 24 + K3
K3≥ 2.755
We recommend purchasing at least 2.75 beds; since we cannot have a 0.75 bed, we conclude 3 beds are necessary, at a cost of 15,500*3=46,500. A graph of the probability follows, on Graph

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Currently the clinic sees about 45 patients per day and they have capacity to handle 85. If they continue how they are operating the clinic is looking at a loss of $3,173. At this rate the clinic will not be able to make a profit in spite of inflation over the next couple years.…

    • 964 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Looking over the Constructit Company they have 1000 employees working for them. The people at Constructit are willing to pay a maximum premium of $4,000 per person. The company has 550 men working for them and 450 women working for them. Out of all the employees 32% of them are involved in a great deal of physical activity during their work day,25% have moderate…

    • 860 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Thicket Wood Inc

    • 2852 Words
    • 12 Pages

    Thicket Wood Ltd. produces high-quality custom and handcrafted kitchen cabinets. They have a forecasted demand of two thousand kitchen cabinets this upcoming year. To meet this demand Mark Taylor operations manager must purchase a new or used CNC router machine and re-arrange his employees. Mark needs to re-arrange his employees to maximize the benefit of the CNC routing machine and meet the required demand of cabinets. There are six employees to re-arrange if he were to purchase the new CNC routing machine and seven employees to re-arrange if he choose to purchase the used CNC routing machine. To determine which machine he should invest in we have calculated the payback period for each option. It was determined that the new CNC routing machines payback period is three years, equivalent to the three years it is covered under warranty. The used CNC routing machine has a payback period of one year and eight months witch exceeds the warranty of one year. Mark decides to go with the new CNC routing machine form High Tech Inc. do to these calculations. We have also determined how many cabinets the production line can produce per year with the re-arranged line of six workers and the new CNC router machine. We know that working at maximum capacity is unrealistic therefore we have also determined how many cabinets we can produce at a lower production capacity. These calculations also help solve the second part of the main problem Thicket Wood is facing, meeting the demand of two thousand cabinets for the upcoming year. There are also sub problems which Thicket Wood will possibly face such as bottlenecks in the production line. As well as the implementation of the new CNC router machine which would then reclassify their product and require them to restructure their sales pitch.…

    • 2852 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    D. Well we have. ($35*50%) + ($28*50%) = $31.5 so their reservation price should be $31.5. no more than that.…

    • 616 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    1. The Hola Company held a Christmas party. The company expected attendance of 100 persons and prepared the following budget:…

    • 1207 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Delta Blue Airlines

    • 334 Words
    • 2 Pages

    Delta Blue Airlines operates a commuter flight between Charlotte and Philadelphia. The plane holds 30 passengers in Economy and 6 passengers in First Class. The airline makes a $100 profit on each passenger in Economy and $200 per passenger in First Class on the flight. When Delta Blue takes 30 Economy reservations and 6 First Class for the flight, experience has shown that on average, two passengers do not show up for each class. As a result, Delta Blue is averaging 28 Economy passengers and 4 First Class passengers with a profit of 28*$100 + 4*$200 = $3600 per flight. The airline operations office has asked for an evaluation of an overbooking strategy where they would accept 32 Economy reservations and up to 8 First Class reservations even though the airplane holds only 30 Economy and 6 First class passengers. The probability distribution for the number of passengers showing up with the new overbooking reservations policy is as follows:…

    • 334 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Wyndham Stores operates a regional chain of upscale department stores. They plan to open another store in a prosperous and growing suburban area. The company’s Vice President of Marketing is in favor of buying the new building site and building a new building on the property. The projected cost for the new building is $14 million, according to the vice president of marketing. The problem with the vice president’s proposal is that he does not take into account time value of money.…

    • 887 Words
    • 3 Pages
    Good Essays
  • Best Essays

    77). A true healing environment is created in customs that assist patients and family deal with the stresses of illness (Eberst, 2008, p.77). A quiet, noise- free environment helps with healing of patients and it promotes a calmer, stress free environment for employees including the health care providers of the hospital. The second component is the combination of work design and technology and some of the examples are educational tools for patients that will promote health awareness and healthy living of patients, biofeedback education by all testing departments for stress reduction, guided imagery CD to help with healing before surgery , skylight system which provides in room education specific to patient’s needs, periodic surveys to monitor satisfaction levels with treatment, live music in the hallway and healing music through the skylight system which provides a calm and relaxing environment for everyone in the hospital. The third component is the most critical one as per Erie chapman who is the healthcare industry leader because it wouldn’t be a complete healing hospital if there are no employees who follow the philosophy of giving a loving, caring and compassionate care. Without a strong culture of compassionate care it would be just a pretty hospital with the other two components. In Mercy…

    • 1143 Words
    • 5 Pages
    Best Essays
  • Good Essays

    Restaurant Industry

    • 976 Words
    • 4 Pages

    Sanjay estimated the following statistics for the variables that affect the expected salary at the restaurant. First, the number of meals obeys a normal distribution with a mean of 3,000 and a standard deviation of 1,000. Second, the revenue per meals is $20.00 with a probability of 25%, $18.50 with a probability of 35%, $16.50 with a probability of 30%, and $15.00 with a probability of 10%. Third, the labor cost follows a continuous uniform distribution between $5,040 and $6,860. He also estimates that there are two fixed costs. One is the fixed cost per meal of $11 and the other one is non labor cost of $3,995.…

    • 976 Words
    • 4 Pages
    Good Essays
  • Good Essays

    3) Megley cheese company is a small manu. of several chees products. On of the producst is a cheese spread. That is sold in reail outlets. jason must decide home many cases of cheese spread to manufacture each month. The probabily that the demand will be 6 case is 0.1 for 7 cs is 0.3 for 8 cs is 0.5 and 9 cs is 0.1. the cost of ever case is $45 adn the price that jason gets for each case is $95. Unfortunately any cases not sold by the end of the month are of no vaule cus the spoil. Home cases of cheese should janson manufacture each month?…

    • 1076 Words
    • 6 Pages
    Good Essays
  • Best Essays

    npv

    • 1019 Words
    • 4 Pages

    Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on the slopes, but there are only 40 days a year when the extra capacity will be needed. (Assume that Deer Valley Lodge will sell all 300 lift tickets on those 40 days.) Running the new lift will cost $500 a day for the entire 200…

    • 1019 Words
    • 4 Pages
    Best Essays
  • Satisfactory Essays

    Hamsptonshire Express

    • 2112 Words
    • 9 Pages

    a. Sheen should stock the optimal stocking quantity in this situation, which is 584 newspapers. The expected profit at this stocking quantity is…

    • 2112 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    George T-Shirts

    • 847 Words
    • 4 Pages

    Assumption: George orders 10,000 T-shirts; cost: $32,125; the number of attendees buy his T-shirts are 5%, 10% and 15% respectively…

    • 847 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Queuing Problems

    • 383 Words
    • 2 Pages

    Problem 3 Customers arrive to check-in at the local (and very expensive) Royalé Treatment Hotel lobby at a rate of 40 per hour (Poisson distributed). The hotel normally has three clerks available at the desk to check-in guests. The average time for a clerk to check-in a guest is 4 minutes (exponentially distributed). Clerks at the Royale are paid $24/hour, and the hotel assigns a goodwill cost of $2/minute for the time any guest must wait in line. Determine whether the present check-in system is cost-effective. If not, recommend what the hotel management should do. Problem 4 Janos Romanesču builds custom furniture, primarily cabinets, bookcases, small tables, and chairs. He works on only one piece of furniture for a customer at a time. It takes him an average of 5 weeks (exponentially distributed) to finish a piece of furniture. An average of 14 customers approach Janos to order pieces of furniture each year (Poisson distributed) but Janos will take only a maximum of 8 advance orders. Determine the average time a customer…

    • 383 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    (a) Worksheet 8.1 provides the solution to this problem and the corresponding aggregate plan. The total cost of the plan is $360,400,000.…

    • 1403 Words
    • 25 Pages
    Good Essays

Related Topics