Cost benefit analysis - finance and economics activity

Assignment Help Science
Reference no: EM13120658

Part 1: Cost Benefit analysis.

You are a Health Information Manager and have heard a lot about the benefits of LED lighting, such as accurate colour temperature, cost and environmental savings. Your department has 5 light fixtures that contain 2 T8 fluorescent tubes and the department operates between 7am and 11pm. Afterhours, all lights are turned out. Consider after-hour access and light usage as negligible.

Perform a cost benefit analysis that examines the replacement of 100 fluorescent lights with LEDs.

You might like to consider:
a) the Australian Standard for lighting to firstly ensure compliance with the standard;
b) Compatibility with current fixtures (T8 linear fluorescent);
c) The lifespans of the types of lights, the running costs and the initial purchase prices; and
d) Would a moderate increase in cost over lamp life be justifiable in terms of the benefits afforded by installing LED lamps?

Part 2: Hospital statistics.

A performance improvement incentive payment has been announced for all HISM Healthcare hospitals to reduce their postoperative infection rates below target levels. You have been asked as the senior health information manager at a 250 bed hospital to determine if the target has been met by graphing the infection rate data for the 12 months from April 2013 to April 2014. Please refer to the attached Excel file for the data.

In order to support HISM Healthcare's commitment to patient safety and the Post-operative Infection Reduction Initiative, the Project Team have been awarded funds to reward hospitals that are able to show a reduction in post­operative acquired infections over the past 6 months as a result of implementing the initiative's strategies.

The payment will be made based on the following reduction targets. HISM Healthcare encourages the reinvestment into our people. Hospitals are free to choose how they will use their awarded funds for staff development.

This may be professional development, conference attendance or a catered event to celebrate the achievements of reducing post-operative infection rates.

Hospital Band
Band 1 (50-100 beds)

6 month reduction target

Incentive Payment

Decrease by 25%

$5,000

Band 2 (101-200 beds)

Decrease by 28%

$7,000

Band 3 (201 - 300 beds)

Decrease by 30%

$9,000

Band 4 (>301 beds)

Decrease by 35%

$12,000





Hospitals must submit their data as a line graph of 12 months of data to April 2014 and include an analysis of these results that demonstrate that as of April 2014, the target has been achieved or exceeded for the hospital band you are reporting for.

The Project Team would also be interested to learn how your hospital intends to reinvest in our people. Please include a brief summary of how your hospital plans to use the funds as the project team will report this in our upcoming newsletter.

Reference no: EM13120658

Questions Cloud

Calculating exponents : If the speed of lights is 3.00x 10 to the power of 8 m/sec, how long does it take light to travel 2.29x 10 to the power of 11 m, the distance from the sun to Mars? Round to one decimal place.
Find the probability that mean sitting height is less : For a randomly selected woman, find the probability that her sitting eye height is less than 700 mm. The probability that a woman's sitting eye height is less than 700mm is .1190.
Concerning the operation of waiting lines : Waiting line model, As it is, models have been developed to assist managers understand and make better decisions concerning the operation of waiting lines
Corporation files for bankruptcy : In 2001, Donna sells 100 of these shares to Walter (a family friend) for $100,000. In 2007, Egret Corporation files for bankruptcy, and its stock becomes worthless.
Cost benefit analysis - finance and economics activity : The Australian Standard for lighting to firstly ensure compliance with the standard and compatibility with current fixtures (T8 linear fluorescent)
What is the percent by volume of acetic acid : If 10.0mL of acetic acid, CH3COOH, is diluted with water to a total volume of 200.0mL, what is the percent by volume of acetic acid in the solution.
What is the probability of choosing a queen from a deck : What is the probability of choosing a queen from a deck of 52 cards? What is the probability of the 2nd card being a queen if the first was a queen? (without replacement)
Difference between a value-added and a non-value-added cost : What is the difference between a value-added and a non-value-added cost? Give an example of each. Participate in follow-up discussions by reviewing your classmates' posts and expanding upon what they have written regarding value-added and non..
Purchasing decision : WRITE TWO PARAGRAPH HOW INTEREST RATES AFFECT OUR PURCHASING DECISION

Reviews

Write a Review

Science Questions & Answers

  List five types of endocrine glands and give their functions

List five types of endocrine glands and give their functions Describe the functions of phagocytes, B lymphocytes and T lymphocytes and describe how they interact during an immune response

  Critically analyze the impact of mass media

Exposure to mass media is the cultural universal that defines the modern world. Critically analyze the impact of mass media on gender roles in today's society

  Explain the various reasons why do couples cohabit

Explain the various reasons why do couples cohabit What is being done to combat domestic violence in the Mauritian society

  Examine marxs concept of alienation

Examine Marx's concept of alienation Discuss the views of Marx, Weber and Durkheim on modernity

  Philisophy-critical tinking assignment

Philisophy-Critical Tinking assignment,  Answer the three questions below.   Read the text box below and provide an argument diagram with a legend for the argument it contains.

  Complexity of cell surfaces

Lipid rafts provide another example of the complexity of cell surfaces in both their structural character and biologic functionality. Please explain the nature of these structures and their functionality.

  Optical fibres

This document discuss about the main attributes and characteristics of optical fibres.

  Write a report on telehealth

Write a report on telehealth - Review of specific case studies - select a specific example. This may be the implementation of a system as reported in a journal article, or one aspect of a large national project.

  Conserving biodiversity

legal framework to guard biodiversity, marine biosphere, Ex-situ conservation, marine biodiversity, conservation of biodiversity, International Conventions

  Explain how attitudes can be acquired by social learning

Define Attitude Explain how attitudes can be acquired by social learning Describe the characteristics of sources and audiences of persuasive messages that influence attitude change

  Briefly describe the different types of skeleton

Briefly describe the different types of skeleton Describe the sliding filament theory of muscle contraction

  Elaborate on ravenstein''s laws of migration

Explain the postmodernist view on migration Elaborate on Ravenstein's laws of migration

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