Develop new executable model

Assignment Help Operation Management
Reference no: EM131794162

You have been hired as the new hospital administrator for a rural hospital located in Wheatland, Wyoming (population about 3,725 [2015]). This town sits on Interstate 25, approximately equidistant between Casper and Cheyenne. The community is the site of a 30-bed hospital and small emergency room/trauma center that services all of Platte County, Wyoming (population approximately 8,900 with a median income of about $28,000 [2015]). This small hospital also serves as a backup for medical services for the five surrounding counties, as needed (which on several occasions in the past three years, caused the hospital to exceed capacity due to restricted operations in the other counties). One of the first projects you have been asked to tackle by the hospital’s governing board will be to study emergency room and trauma center operations in terms of waiting times of patients, as this is where the majority of operations takes place, 24 hours a day. To do this, you have decided to conduct a proper statistical sampling and analysis of patient wait times using X-Bar and R-charts to help get a grasp of what is taking place. Why these two charts? What is different about these two charts and what might they yield from an informational perspective, as they relate to waiting times? Which might serve as a better measure or does it matter? Finally, once you began to study the information being yielded by the charts, it becomes apparent that the X-Bar chart data looks to be out control, even though the R-Chart is showing different output indictors. Why is this? What do you now do as you wish to use this information as the basis to develop a new executable model that will need to be presented to the governing board and if approved, implemented in hospital operations?

Reference no: EM131794162

Questions Cloud

Thinking about the material presented this week : Thinking about the material presented this week, what are the implications for the future with which business should be concerned today?
Find the effective cost of the loans : The loans require monthly payments and are fully amortizing. What is the effective (annual) cost of the two loans in percent?
Importance of team building retreats and training sessions : what is the importance of team building retreats and/or training sessions, discuss the effectiveness of those you have been involved in.
Determine the amount of sales revenue camtech will report : Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement
Develop new executable model : What do you now do as you wish to use this information as the basis to develop a new executable model that will need to be presented to the governing board
Add a function member to the di graph class template : Add a function member to the Di graph class template for doing a breadth-first search from some start vertex.
What is the yield to maturity in given problem : It is now January 1, 2016, and you are considering the purchase of an outstanding bond that was issued on January 1, 2014. It has a 7.5% annual coupon.
Supervisor to ensure a safe environment for all employees : what steps would you take as a Leader/Supervisor to ensure a safe environment for all employees
Calculate the amount that company will actually receive : The interest rate on the bonds, paid quarterly, is 6 percent. Calculate ( a) the amount that the company will actually receive from the sale of the bonds

Reviews

Write a Review

Operation Management Questions & Answers

  Unique selling proposition-what makes your business unique

Critical Path You have been asked to develop a marketing plan for your company's new product line. How will your marketing plan support your business goals? Unique Selling Proposition: What makes your business unique? Mission Statement: What are you ..

  Outline importance of the balance score card to rockwater

Outline the importance of the balance score card to Rockwater’s. What factors aided Rockwater in its smooth switch to the balanced Score card?

  Using seasonally adjusted forecast to predict demand

The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. Compute a tracking signal for periods 5 through 14 using the initial and updated MADs.

  Specific metrics that measure internet traffic

What are some of the specific metrics that measure Internet traffic, audiences, and campaigns? Which ones do you think are most important? Explain why managers should be concerned about the trust customers have in their brand or company and what they..

  Personal ethics in a professional environment

Revisit the core values exercise. Are some values more applicable in business than others? To what extent should a person modify their personal ethics in a professional environment? Is consistency important? Explain your answer.

  Analyze the ethical issues related to these alternatives

Analyze the ethical issues related to these alternatives, taking into account values such as client self-determination,

  The importance of process selection in system design

Explain the importance of process selection in system design. Provide an example to support your explanation.

  How does the visioning phase of the bombardier erp project

In your opinion, how does the visioning phase of the Bombardier ERP project impact the rest of the project?

  Why is change documentation needed for a project

Why is change documentation needed for a project? Why can't the project manager just provide verbally directed changes? What are the consequences to project control if changes are not handled in a formally documented process?

  What were mcdonalds inventory turns

What were McDonald's inventory turns? What were Wendy's inventory turns - Approximately how much does McDonald's save in inventory cost per value meal compared to that of Wendy's?

  How much is the warranty expense

How much is the warranty expense? Henry Stevenson works as the Manager of Used Car Superstore.

  Explain a biblical view of business ethics

Explain a Biblical view of business ethics.

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