What would be the additional profit per hour if the company

Assignment Help Operation Management
Reference no: EM1382207

A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on average 15 minutes. At any given time, there are 4 doctors overseas on duty. Calls arrive every 5 minutes on average (standard deviation is 5 minutes). The company receives $50 from the patient's insurance company for each consultation. If one of the 4 overseas doctors is available, the firm pays $20 to the doctor and makes $30 in profit. If no doctor is available overseas, the call is rerouted to the U.S. where a local physician answers the question. A local physicians is always available to take a call. In this case, the firm pays the $50 to the local physician, so there's no profit for the company.

Q: What would be the additional profit per hour if the company managed to have 10 doctors overseas on duty at any given time?

Reference no: EM1382207

Questions Cloud

Explain four different kinds of wireless technologies : Explain four different kinds of wireless technologies in a 350- to 700-word paper in APA format. Explain the characteristics and properties of each signal type, and how each can be utilized.
Replacement of a glutamate residue : The mutated form of   hemoglobin   in sickle-cell anemia results from the replacement of a glutamate residue by a valine residue at position 6 in the chain of the protein.
Way to deliver some furniture to a customer : Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some furniture to a customer
Difference between total and static pressure : The difference between the total and static pressure before a shock is 75 psi. What is the maximum static pressure that can exist at this point ahead of the shock? The gas is oxygen.
What would be the additional profit per hour if the company : What would be the additional profit per hour if the company managed to have 10 doctors overseas on duty at any given time?
Calculate the entropy change for the system : For double helix formation,   ?G can be measured to be -54 kJ/mol at pH 7.0 in 1 M at 25 degrees C. The heat released indicates an enthalpy change of -251 kJ/mol (-60 kcal/mol)
Resulting center of gravity : The section of the plywood in the 3rd quadrant is sawed off and the resulting piece is then glued squarely over the 4th quadrant portion of the plywood with glue of negligible weight.What are the x- and y-coordinates of the resulting center of gra..
Qualification of us teacher : In assessing teacher qualifications nationwide, and based upon his assessment, how has Henslin characterized teacher qualification in United States?
Should the pricing decisions in argentina be delegated : Should the pricing decisions in Argentina be delegated to the local managers? Why or why not? Should the advertising message that has been effective in the U.S. be used in Argentina? Why or why not?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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