I need these questions answered completely. Tables are included. I need how you got the answer and an explanation included. Not just the answers.
·
8-3
Durham Health Clinic is considering signing a contract to perform 50 pre-employment physicals per week for a specific corporation. In terms of staff time, a pre-employment physical requires 0.20 hours in Reception/Discharge, 0.45 hours in Nursing and Testing, and 0.20 hours in Medical Examination. By work-station, determine how many work hours per week will be needed to perform these physicals.
·
8-4
Currently the clinic does 250 visits per week, with 50% of all visits as return visits. Each employee (physician, nurse, and receptionist) is scheduled to work 35 hours per week.
a.
How many employees by type does the clinic currently need?
b.
How many employees by type will the clinic need if it signs the contract for pre-employment physicals?
c.
If return visits shift to 10% of all regular visits, how many employees by type will the clinic need with and without the contract for pre-employment physicals?
d.
How will the answers to “b” and “c” change if the number of physicals is modified to 35 pre-employment physicals per week?
Throughout these analyses, specify all assumptions, including assumptions concerning worker productivity.
8-5
How would your answers change for problem 8-1 if nursing and testing time was increased to 0.50 hours for both first and repeat visits, and medical exam and treatment time was reduced to 0.30 hours for a first visit and 0.20 hours for a return visit?
9-1 Alpha Walk-in Clinic operates as a single channel single server system. On Tuesdays, its average arrival rate (μ) per hour is 7.0. Analysis indicates that its service rate (λ) is 8.5 patients per hour. Using queuing theory, describe this service system. What is:
a. The probability that the clinic is idle—no patients waiting or being served?
b. The average number of patients in the system?
c. The average time (hours) a patient spends in the system (waiting + service time)?
d. The average number of patients in the queue waiting for service?
e. The average time (hours) a patient spends in the queue waiting?
f. The probability that the patient, upon arrival, must wait?
9-2 The following data have been collected from a hospital pharmacy. This service system operates as a single server, single channel system.
7–3 pm
3–11 pm
11–7 am
Service rate per hour
200
100
50
Arrival rate per hour
60
50
40
The service rate can be increased or decreased in increments of 50 prescriptions per hour. The expense associated with each 50-prescription increment is $100. In other words, to be able to process 50 additional prescriptions will cost an additional $100 per hour. If the current rate of processing or service is lowered by 50 prescriptions per hour, the savings are $100 per hour. Using queuing theory, describe this service system. What is:
a. The probability that the clinic is idle—no patients waiting or being serve.
I need these questions answered completely. Tables are included. I n.docx
1. I need these questions answered completely. Tables are
included. I need how you got the answer and an explanation
included. Not just the answers.
·
8-3
Durham Health Clinic is considering signing a contract to
perform 50 pre-employment physicals per week for a specific
corporation. In terms of staff time, a pre-employment physical
requires 0.20 hours in Reception/Discharge, 0.45 hours in
Nursing and Testing, and 0.20 hours in Medical Examination.
By work-station, determine how many work hours per week will
be needed to perform these physicals.
·
8-4
Currently the clinic does 250 visits per week, with 50% of all
visits as return visits. Each employee (physician, nurse, and
receptionist) is scheduled to work 35 hours per week.
a.
How many employees by type does the clinic currently need?
b.
How many employees by type will the clinic need if it signs the
contract for pre-employment physicals?
c.
If return visits shift to 10% of all regular visits, how many
employees by type will the clinic need with and without the
contract for pre-employment physicals?
d.
2. How will the answers to “b” and “c” change if the number of
physicals is modified to 35 pre-employment physicals per week?
Throughout these analyses, specify all assumptions, including
assumptions concerning worker productivity.
8-5
How would your answers change for problem 8-1 if nursing and
testing time was increased to 0.50 hours for both first and
repeat visits, and medical exam and treatment time was reduced
to 0.30 hours for a first visit and 0.20 hours for a return visit?
9-1 Alpha Walk-in Clinic operates as a single channel single
server system. On Tuesdays, its average arrival rate (μ) per hour
is 7.0. Analysis indicates that its service rate (λ) is 8.5 patients
per hour. Using queuing theory, describe this service system.
What is:
a. The probability that the clinic is idle—no patients waiting or
being served?
b. The average number of patients in the system?
c. The average time (hours) a patient spends in the system
(waiting + service time)?
d. The average number of patients in the queue waiting for
service?
e. The average time (hours) a patient spends in the queue
waiting?
f. The probability that the patient, upon arrival, must wait?
9-2 The following data have been collected from a hospital
pharmacy. This service system operates as a single server,
single channel system.
7–3 pm
3–11 pm
11–7 am
3. Service rate per hour
200
100
50
Arrival rate per hour
60
50
40
The service rate can be increased or decreased in increments of
50 prescriptions per hour. The expense associated with each 50-
prescription increment is $100. In other words, to be able to
process 50 additional prescriptions will cost an additional $100
per hour. If the current rate of processing or service is lowered
by 50 prescriptions per hour, the savings are $100 per hour.
Using queuing theory, describe this service system. What is:
a. The probability that the clinic is idle—no patients waiting or
being served?
b. The average number of patients in the system?
c. The average time (hours) a patient spends in the system
(waiting + service time)?
d. The average number of patients in the queue waiting for
service?
e. The average time (hours) a patient spends in the queue
waiting?
f. The probability that a patient, upon arrival, must wait?
Given the associated costs, should the service rate be changed?
What are the financial implications associated with your
recommendations?
10-2 In the clinic renovation example, what if management
thinks that the likelihood of current demand remaining is 30%,
the likelihood of a moderate increase is 25%, and the likelihood
of a large increase is 45%? What should they do, according to
the expected total payoff?
·
4. An ambulatory care clinic administrator is trying to decide
whether to renovate to accommodate possible increased demand.
The manager could plan a major renovation costing $700,000
that would allow 50 patients per day to be served, or a minor
renovation costing $225,000 that would allow 35 patients a day
to be served. The final alternative is to do nothing, thus keeping
the status quo by not renovating. This continues the existing
capacity of accommodating the current 20 patients per day, but
no more. Presently the clinic earns $75 per patient served.
Assume that the clinic is open 300 days per year and that
management wants to cover the costs of the renovation from
first-year earnings.
·
To begin quantitatively analyzing our decision options, we first
go back to the three decision steps listed previously. The first
step is to state the alternatives. These are to do nothing,
undergo a minor renovation, or undergo a major renovation. The
second step is to determine the future states of the world. These
are the unknowns in our decision. Here they are the estimates of
future demand. Because our decisions limit future capacity, we
will use these limits as estimates of future demand. Thus, let us
describe the potential for 20 patients per day, 35 patients per
day, or 50 patients per day to be served, defined by current
capacity, capacity given a minor renovation, and capacity given
a major renovation.
·
There are three alternatives and three possible states of the
world. This means that there are
nine
possible outcomes. These are listed in
Table 10-3
. The third step is to determine the payoffs for each of the
potential outcomes.
·
5. Earnings are based upon patients served; therefore, part of the
payoff involves earnings. For each state of the world of future
demand, there are different potential maximum patients who can
be seen. Each of these brings in revenue of $75. This amount is
then multiplied by the 300 days the clinic is open yearly to
calculate the total revenue per year. The maximum revenue
generated in each state of the world can be seen in
Table 10-4
.
·
Table 10-3 Expected Outcomes for Clinic Renovation
Alternative
State of the world (future demand forecasts)
Outcome
No renovation/do nothing
Demand remains at 20 patients per day
Demand is met
No renovation/do nothing
Demand increases to 35 patients per day
Demand is not met
No renovation/do nothing
Demand increases to 50 patients per day
Demand is not met
Minor renovation
Demand remains at 20 patients per day
Demand is met
Minor renovation
Demand increases to 35 patients per day
Demand is met
Minor renovation
Demand increases to 50 patients per day
Demand is not met
Major renovation
Demand remains at 20 patients per day
6. Demand is met
Major renovation
Demand increases to 35 patients per day
Demand is met
Major renovation
Demand increases to 50 patients per day
Demand is met
12-1 Using the information in
Table 12-7
, construct a PERT network and answer each of the following
questions:
a. What is the expected project completion data?
b. What is the scheduled start and completion date for each
activity?
c. Which activities are on the critical path?
d. How long can noncritical path activities be delayed without
jeopardizing the overall completion date for this project?
12-2 Assess the impact of the following changes to the time
estimates provided in question 12-1. Individually, what is the
impact if:
Activity
Predecessor
New Time Estimate
O. Advertise for new staff
N
4
P. Interview for new staff
O
6
Q. Select new staff
P
1
Collectively, what is the impact of these changes?
12-3 As project manager for the example included in question
7. 12-1, what would you recommend to preserve the original
project completion date if activity A was reestimated to take 8
weeks, not the original 4 weeks? Provide details.
Table 12-7
Project to Convert a 20-Bed Unit in a Nursing Home to
Accommodate Patients with Dementia
Activity
Predecessor
Time estimate (weeks)
A
Secure state approval
–
4
B
Identify 20-bed unit to be used
A
1
C
Move existing residents
B
1
D
Clean space
C
2
E
Develop architectural plans
A
9
F
Install new heating and ventilation systems
E
4
G
8. Install security systems
E
2
H
Move walls; renovate
F
4
I
Identify new equipment
A
1
J
Order new equipment
I
1
K
Unpack and inspect new equipment
J
1
L
Install new equipment
D, K, H
3
M
Reassign staff
A
1
N
Identify new staffing needs
M
1
O
Advertise for new staff
N
3
P
9. Interview for new staff
O
2
Q
Select new hires
P
3
R
Develop care plan protocols
M
1
S
Train staff
R, Q, M, L
1
T
Modify quality assurance plans
S
2
U
Coordinate with hospital discharge planners
T
4
V
Complete internal audit
U, G
1
13-1 A representative of a reputable financial services company
has approached you as manager of a four-person group of
anesthesiologists with an opportunity to purchase a 10-year
annuity due for each member of the group. The annuity due
would pay $40,000 each year beginning 5 years from now (i.e.,
at time = 5). What is the most you would be willing to pay now,
per each physician, for this investment? Assume an appropriate
10. discount rate of 7%.
13-2 The hospital’s marketing and finance departments have
just provided you, as chief financial officer, with pro forma
income statements for your proposed sonogram center. These
statements appear in the following. Pro forma Income
Statement (000)
Time
t
+ 1
t
+ 2
t
+ 3
t
+ 4
Service Revenues (net)
$425
$500
$580
$700
Expenses
$400
$450
$525
$600
Depreciation Expense
$ 35
$ 35
$ 35
$ 35
Net Income
($ 10)
$ 15
$ 20
$ 65
What is the project’s IRR? Assume an initial investment of
11. $175,000 and an appropriate discount rate of 6%. The hospital
is operated as a not-for-profit facility.
13-3 The chief operating officer (COO) of a small, not-for-
profit community hospital has to make a recommendation to the
board of trustees on choosing among three project options for
an unrestricted gift of $250,000 that has just been received. The
board has established a time horizon of 5 years on this project.
The options are described in the following.
a. Purchase a 5-year treasury note at an interest rate (annual) of
7%.
b. Purchase the practice of a young physician (the hospital’s
third highest admitter). Estimates of projected cash flows for
the practice (post-purchase), are: Probability of Cash Flow
Time
60%
20%
20%
t
+ 1
$ 40,000
$20,000
$ 60,000
t
+ 2
$ 60,000
$30,000
$ 80,000
t
+ 3
$ 75,000
$40,000
$100,000
t
+ 4
$100,000
$50,000
12. $125,000
t
+ 5
$100,000
$50,000
$125,000
c. Purchase an upgraded analyzer for the laboratory. Based on
forecasts of laboratory utilization, the net cash flows for this
project are:
Time
Net Cash Flow
t
+ 1
$75,000
t
+ 2
$75,000
t
+ 3
$50,000
t
+ 4
$50,000
t
+ 5
$50,000
Which investment should the COO recommend and why?