Discuss the theory of optimization-sub-optimization

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Assignment:

In a large multi-hospital system, there is the need to achieve the best outcomes possible. Administrators are faced with the question: Should the organization centralize authority and decentralize execution, or should the individual components have the authority to do what they think is best to do locally?

Discuss the theory of optimization/sub-optimization.
Consider how optimization/sub-optimization impacts various stakeholders. Does your opinion change if you place yourself in someone else's shoes? Explain why or why not.
Share your own real-world experiences with classmates, and comment on theirs.

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Reference no: EM134044909

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