Week 4 Discussion

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For those of you with current or previous work experience, how is (was) productivity measured in your organization?  Discuss the concepts of total production, average production and marginal production.  Relate production to cost and discuss how the ideas of total cost, average cost and marginal cost are used in decision making.

 

Have it relate to a medical center. Productivity is usually measured by the amount of patients seen in a day by a physician. Daily average is 12 patients.

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Week 4-Discussion

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“Inventory Analysis and Optimizing Staffing”

  • Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provide support for your recommendation.   
  • Assume that you are a health care administrator in a hospital, and you are responsible for staffing levels. Suggest an approach to staffing for 24/7 coverage that optimizes patient care, minimizes cost, and produces the highest level of employee satisfaction. Provide support for your rationale.

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"FIRST15"

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