Equipment that would provide quality care at a cost savings

Assignment Help Operation Management
Reference no: EM131028194

Financial management of a department is difficult to say the least. Our departments are labor intensive and have highly technical equipment, both of which are very expensive. Please develop two methods for labor and equipment that would provide quality care at a cost savings. What could you do differently that would save money or increase revenue.

Reference no: EM131028194

Questions Cloud

Which of the barriers to effective communication : In your experience, which of the barriers to effective communication discussed in chapter thirteen of the primary text is responsible for the most communication problems? Which barrier is the hardest to correct?
Describe three ways we can use macroeconomic analysis : Describe three ways we can use macroeconomic analysis, with one original example for each way. You are running a small yard maintenance business for the summer.
The student chooses one of each of the selections : A cafeteria offers 4 main menu selections, 5 salad selections, 3 fruit selections and 8 drink selections. How many ways can a student choose a lunch if
What is the probability that it goes undetected : Three radar sets, operating independently, are set to detect any aircraft flying through a certain area. Each set has a probability of .02 of failing to detect a plane in its area. If an aircraft enters the area, what is the probability that it g..
Equipment that would provide quality care at a cost savings : Financial management of a department is difficult to say the least. Our departments are labor intensive and have highly technical equipment, both of which are very expensive. Please develop two methods for labor and equipment that would provide quali..
Mccloud theory of a path : Assume McCloud’s theory of a path of six steps is true. Reading this as broadly as you are able, what step do you think you have spent most of your time on this semester (in your classes in general)
Current cost of capital is driving some mergers : Some commentators say that the current cost of capital is driving some mergers and acquisitions that would not otherwise make sense in a more normal interest rate environment. What does this mean, and do you agree?
Higher rates of interest : "MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest." Explain carefully whether this is a valid objection.
Probability that the system will be found in a failed state : If three sensors are selected at random for inspection, what is the probability that the system will be found in a failed state? Please explain equation used and steps to solve the problem.

Reviews

Write a Review

Operation Management Questions & Answers

  What would be his expected procurement cost

Suppose Handi were to procure exclusively from the spot market? What would be his expected procurement cost? What would be his fill - rate in this arrangement? Also, what is the mismatch cost he incurs with this arrangement?

  Makes sense to work through a wholesale distributor

Give an example of a business (either a manufacturer or a retail store) for which you think it makes sense to work through a wholesale distributor as an intermediary and an example of a business for which you think it's more efficient to "cut out the..

  Name at least two other worker protection laws

Name at least two other worker protection laws. What is unemployment compensation? What is social Security? What is the National Labor Relations Board and what does it regulate?

  Pharmaceuticals orders its antibiotics every two weeks

UDI Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the Pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. How many cap..

  The reorder point is defined as the lead time demand

The reorder point is defined as the lead time demand for an item. In cases of long lead times, the lead time demand and thus the reorder point may exceed the economic order quantity. In such cases, the inventory position will not equal the inventory ..

  Assess the security system currently in place in building

Assess the security system currently in place in this building, including its strengths, weaknesses, and risks. Write a 500-word paper on your findings and recommendations

  Creating the monthly sales data on a sheet of graph paper

The monthly sales for Telco Batteries, Plot the monthly sales data on a sheet of graph paper and Forecast January sales for the new year.

  Conceiving and constructing your research proposal

In retrospect, what did you find to be the most difficult parts of conceiving and constructing your research proposal? What would you have done differently?

  Determine optimal quantity of coal to receive in each order

The purchasing manager for the Pacific Steel Company must determine a policy for ordering coal to operate 12 converters. Each converter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. Determine the optimal..

  Costs of goods sold-inventory

Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $20,000,000 in inventory. How many time..

  Write an academic paper on acclimatization physiology

Write an academic paper on acclimatization physiology. areas to dwell include, aviation. scuba divas, high altitude.

  How you might apply the basic concepts

How does the transformation process apply to the field of construction management, and how you might apply the basic concepts?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd