Designing both for economically-developed countries

Assignment Help Business Economics
Reference no: EM131173910

Scenario: You are an engineer working for a company designing dialysis equipment for worldwide use.

You are interested in designing both for economically-developed countries and third-world countries. In economically-developed countries there are working dialysis systems, but your design would be an improvement. In the third-world, access to any dialysis equipment is currently limited.

You have 2 design choices and must make a decision on one design. Manufacturing and FDA approval costs are such that your company can only move forward on one of the following designs.

Design 1: A design using disposable filters that would be replaced with each patient.

Pros/Cons/Issues re: Design 1:

Purchase of disposables in the third world is difficult and not typically funded by charitable organizations and government entities that might be willing to purchase or donate the equipment

More profitable for the company in developed countries as hospitals would continue to purchase disposable filters

Will have a secondary infection rate of 1 in 1,000

100 times less expensive to manufacture than Design 2

Design 2: A design using a reusable filter that could be cleaned, autoclaved and reused with each patient.

Secondary infection is a risk in dialysis. Such an infection in a patient with kidney disease could result in long-term injury and increased risk of death.

Pros/Cons/Issues re: Design 2:

Reusable filter would require autoclaves, more training, and would be more expensive initially (although cheaper in the long-term after 100 patients)

In the hands of untrained personnel, could be more dangerous

Less profitable for your company in economically developed countries as hospitals would not need to continue to purchase disposable filters

Will have a secondary infection rate of 1 in 1,000,000

100 times more expensive to manufacture than Design 1

Which design will you choose?

Would it make a difference in your decision if the design was primarily for economically-developed countries or for third-world countries?

Reference no: EM131173910

Questions Cloud

Simple deposit multiplier : Suppose that Julia finds $50,000 in cash in a mattress that was given to her and decides to deposit all of the money into her cousin's checking account. If the assumptions of the simple deposit multiplier hold and the required reserve ratio is set at..
Discuss the current issue of illegal aliens and the impact : Discuss the current issue of illegal aliens and the impact this has on the U.S. health care system. Should the taxpayers pay for health care for individuals who enter this country illegally? How do emergency rooms and hospitals protect their fiscal s..
International trade and foreign direct investment : Why do countries engage in international trade and foreign direct investment? Do the different theories of International Investment such as the Monopolistic Advantage heory, Internationalization Theory, Theory of Dynamic Capabilities and the Eclectic..
Accepting work at the mall as a? part-time sales associate : Opportunity cost is best defined as ______(all of the other or the next best) ?alternative(s) that must be sacrificed to obtain something or to satisfy a want. Which of the following would least likely? be, for the typical? student, the opportunity c..
Designing both for economically-developed countries : You are interested in designing both for economically-developed countries and third-world countries. In economically-developed countries there are working dialysis systems, but your design would be an improvement. In the third-world, access to any di..
Consensus of economists and business analysts : The consensus of economists and business analysts is for faster economic growth in the U.K. relative to the U.S. Firms in the U.K. are also projecting excellent profits. What are the implications for the exchange rate of the dollar for the British po..
The personal and business marginal tax rates : A nation in recession reduces the both the personal and business marginal tax rates. What is the likely short-term effect on government deficit (or surplus), aggregate supply, aggregate demand, and GDP price index?
Why are long-run effects of increase in aggregate demand : What is the relationship among AD, SRAS, and LRAS, as explained in the text, when the economy is into Long Run equilibrium? Explain. Why and how might a Supply Shock (OPEC oil embargo) lead the US into Stagflation? Why are Long-Run effects of an incr..
Calculate the present value of each of future payments : What is the present value of receiving $200 one year from now when the prevailing rate of interest is 8 percent? What is the present value of $200 to be paid to you at the end of two years, if the market interest rate is 5 percent?

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 the total operating revenue of a public transportation

q1. the total operating revenue of a public transportation authority is 100 million while its total operating cost is

  Health system bear when it agrees to a bundled payment

An insurance market consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a ..

  Related to summer job or permanent employment

Does it seem logical that the amount of labor supplied (hours worked) will decrease if the wage rate gets high enough? Why or why not? Will this phenomenon differ as related to a summer job or permanent employment?

  Higher interest rates more capital invested

Using the four scenarios, discuss each and choose periods when each scenario has occurred in the U. S. or other countries: a. higher interest rates, more capital invested b. lower interest rates, less capital invested c. lower interest rates, more ca..

  Growth rates in follower nations

Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.

  Externalities that result from the use of fossil fuels

Why do we policies in place to correct for externalities that result from the use of fossil fuels but not for externalities that result from the color yellow or country music (or pick something you dislike that isn't taxed)?

  What is the probability that the doctor will spend

determined that the consultation time was normally distributed with a mean of 15 minutes and a standard deviation of 2 minutes. What is the probability that the doctor will spend more than 11 minutes?

  Savings account by depositing

John opens a savings account by depositing $5000. The account pays 2% simple interest. After 3 years, John makes another deposit, this time for $6000. What will be the amount in the account when John withdraws the money 7 years after the first deposi..

  Find the marginal revenue function

The demand equation for a certain type of product is given by the formula p=200e^(-0.1q) where p is the price in dollars and q is the quantity sold per month. Find the Revenue Function (in terms of quantity). Find the Marginal Revenue function (in te..

  Explain why temporary and permanent fiscal expansions

Explain why temporary and permanent fiscal expansions do not have different effects under fixed exchange rates, as they do under floating exchange rates.

  Brothers gain if they specialize

Will the brothers gain if they specialize. Illustrate your answer with an example.

  Experienced consumer surplus

Share 2 experiences where you experienced consumer surplus. (you paid less than you otherwise would have been willing to pay). Also share your thoughts on why the surplus happened, in other words why did you think you would pay more than you did.

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