Show the forecasting in a health care center

Assignment Help Business Management
Reference no: EM1368984

Forecasting in a Health Care Center

Successful organizations are also those who are able to make relatively accurate forecasts about the future needs (inventory, facilities, capacity, manufacturing, manpower) for the products produced or the services delivered.

Forecasting is an uncertain science since it calls for predictions but current theoretical and mathematical models (quantitative and qualitative) make it possible for organizations to predict with an acceptable margin of error. Think about it this way; without forecasting organizations would always be responding rather than acting.

1. Select one industry from the list below:
Bank, restaurant, health clinic/hospital, airline, or university.

2. What specific variables would be needed by that organization in order to forecast? Be sure you explain "why" you selected each variable and why it is important to forecasting).

3. Which variables are used for short-range forecasting, long-range forecasting or for both. Make sure you support your selections.

Reference no: EM1368984

Questions Cloud

Describe valid advice for naming variables : Which of the given is valid advice for naming variables? To save typing, make most variable names one or two letters. to avoid conflict with names which others are using , utilize unusual or unpronounceable names.
Discussion on economic problems : Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
Find out the energy of an x ray produced : Two small insulating spheres with radius 9×10-2 are separated by a large center-to-center distance of 0.52. One sphere is negatively charged.
Create user friendly application-display name-button clicked : Create a user friendly application which can do the following: displays the name and address when button is clicked and permit user to choose a state, and when a user clicks a button.
Show the forecasting in a health care center : What specific variables would be needed by that organization in order to forecast and be sure you explain "why" you selected each variable and why it is important to forecasting).
What pressure must the hydraulic lines be withstanding : Compute the force of gravity between a newborn baby (mass = 4 kg) and the planet Mars (mass = 6.4 x10^23 kg), when Mars is at its position closest to Earth (distance = 8.0 x10^10 m).
Techniques of selecting right candidate for right job : The basic goal is that the best candidate is given the opportunity, who may find avenues for growth in the organization may agree with its vision and mission and must contribute his might for the success of the business.
Migration of population from a low income country : Use graphical examine to demonstrate the gains and losses resulting from the migration of population from a low-income country to a high-income country.
Calculate reorder point : The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?

Reviews

Write a Review

 

Business Management Questions & Answers

  Show main forum discussions foster collaborative learning

Collaboration is an important aspect of this learning environment and how do the Main forum discussions foster collaborative learning?

  Observation of people with disabilities

Observe your immediate environment such as your community, workplace, school, etc and are you able to observe many people with disabilities

  Define trade secret

Define trade secret. Rob Lebow, the director of corporate communications for Microsoft, received a flier from Neal Hill at Rossin, Greenberg, Seronick, & Hill (RGS&H), a small New England advertising agency.

  Briefly explain the basic types of third party logistics

Briefly explain the basic types of third party logistics (3PL) organizations and Identify some of the best practices that leading companies using 3PLs have embraced.

  Explain how have monitoring mechanisms or players changed

Explain How have monitoring mechanisms/players changed over time and What are the trends and changes and in your view have these changes improved corporate governance?

  Consequential vs authority based thinking

What is at the root of each and What are two positive moral decision making features that each stance possesses?

  Implementing organizational change

what factors help you to determine which are most needed

  Common discretionary and contingent assessment methods

Find the  imilarities and differences between the  common discretionary and contingent assessment methods

  Show the functions of leadership and leadership style

Using what you have learned in this module on the functions of leadership, define Job's leadership style and analyze how he fulfills the functions of leadership?

  Find the key strategic challenges facing apple computer

What are the key strategic challenges facing Apple Computer?

  What does job analysis have to do with internal alignment

What does job analysis have to do with internal alignment - what does job analysis have to do with internal alignment?

  Explain from the scenario and examine two strategies

Explain From the scenario and examine two strategies that organizations use to combine incentive plans in a balanced scorecard

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