Determine the quantity of each type of surgery

Assignment Help Operation Management
Reference no: EM131675235

A local surgical clinic specializes in two types of surgeries for their authorized patients. Summarizing the difficulties of insurance, payment, and elective surgery demand we have the following knowledge: type A surgeries provide a net benefit of $900 per surgery to the clinic and type B provide $1200. Of course, there are constraints as well. Type A surgeries generally require 2 hours of surgery time and 2 hours of patient physical therapy/follow-up post surgery. Type B surgeries require 4 hours of surgery time and 8 hours of physical therapy/follow-up per week. There are only 80 person-hours available for surgery and 110 person-hours available for therapy and follow-up.

a) Write this question as a linear programming problem.

b) Determine the quantity of each type of surgery that will optimize the clinic's profit.

c) Find the shadow price on surgery hours available AND interpret this shadow price (i.e. explain to someone who has no idea what a shadow price is what the shadow price means.)

Reference no: EM131675235

Questions Cloud

Discuss disadvantages of using an experimental design : Discuss the benefits and disadvantages of using an experimental design. In your discussion, be sure to examine how the different research
Describe at least two challenges that could arise : describe at least two challenges that could arise while engaging in vocational/career counseling or planning
According to the expectations hypothesis : What should the yield on a 3 year bond be according to the expectations hypothesis?
Discuss concepts negatively affect a relationship : Consider the concepts of resistance and transference from the psychoanalytic perspective. How might these concepts negatively affect a relationship
Determine the quantity of each type of surgery : Determine the quantity of each type of surgery that will optimize the clinic's profit.
Located in the bay area give to startup : What advantages does being located in the Bay Area give to startup software firms?
Develop the real estate for tigerman mccurry architects : JDL managed the Burnham Station. JDL hired an architectural firm called Tigerman McCurry Architects (TMA) to develop the real estate.
How does the given information relate to the course : How does this information relate to our course? We do not deduct points if you choose to write a lengthy response. Lengthy responses make us happy.
Health status of an individual depends on the lifestyle : What are your thoughts on this do you agree what is your opinion. Do you agree with theory y that states the health status

Reviews

Write a Review

Operation Management Questions & Answers

  What is the terminal or horizon value

Maverick Milling Co. just paid a dividend of $1.00 to its shareholders. The firm is expecting high growth over the next few years and is projecting the dividend to grow by 15% in the first year, 20% in the second year, and $15% in the third year, bef..

  Business research project paper

Find three articles relevant to your research problem with a minimum of one being peer-reviewed. Sources of non-peer reviewed articles may be trade journals or other sources recommended by your instructor.

  Determine the probability of two or more customers in system

Determine the average number of customers awaiting repairs. Determine the probability of two or more customers in the system.

  Efficiency of the complaint-push model

Compare and contrast the functionality and efficiency of the complaint-push model and data-pull model within the process of health care service delivery. Recommend a strategy improving the effectiveness of each method for delivering patient care.

  Outline the environmental variables that should be explored

Outline the environmental (i.e., uncontrollable) variables that should be explored.

  Shadow of irresponsibility and the shadow of privilege

What is the shadow of irresponsibility and the shadow of privilege? What are the basic characteristic traits of wisdom, diligence, humility etc. what is Moral compass and golden rule and how do they relate to emotional and ethical intelligence as dis..

  Contrast the concepts of needs-wants and demand

Briefly compare and contrast the concepts of needs, wants, and demand, explain with the help of examples keeping an eye into your surroundings. Discuss how these concepts relate to marketing practices.

  Multiple choice questions - strategic management

XYZ, Inc. is making decisions and taking actions with regard to pricing, promotion, and product design of the company's products.

  What conflicts might exist between finance and manufacturing

What conflicts might exist between finance and manufacturing? What conflicts might exist between marketing and sales? What conflicts might exist between accounting and everyone else in the firm? What could a CEO do to help resolve these conflicts?

  Safety stock determined in the classical eoq model

How are quantity discounts evaluated when using the classical EOQ model? How is safety stock determined in the classical EOQ model ? What factors might a court consider in examining whether a defendent has "sufficient minimum contact" with the forum ..

  Obtain an understanding of the organization planning

What areas should be addressed to obtain an understanding of the organization's planning?

  What is the productivity of the application process

Liberty Insurance Company processes application forms. The average output in a week is 600 claims. Currently the staff includes six full-time employees who work 40 hours per week and earn $18 per hour including fringe benefits. What is the productivi..

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