Implications and Limitations of Economic Feasibility Statistics Project

Implications and Limitations of Economic Feasibility - Statistics Project Example Out of the variables, however, only Staffed beds, Medicare Days, Total Surgeries, and RN FTE were significant to the hospital's total operations cost. Â  One of the implications of the study is a target-specific approach to management of operations costs for greater profit margins. The identifying signs of only Staffed beds, Medicare Days, Total Surgeries, and RN FTE means that the other variables do not influence total operations costs and should therefore not utilize the managements’ time while planning for the optimal cost for operations. I would focus only on the four significant variables in managing costs and in using costs to determine the optimal level of service delivery that a hospital should ensure. I would use operations management strategies to determine the optimal level of a mix for Staffed beds, Medicare Days, Total Surgeries, and RN FTE that can optimize marginal returns through the coefficients suggest a greater focus on RN FTE_05 then Staffed beds_05 in the determination of costs and its derivative decisions. Reducing the costs through efficiency strategies would be a priority for ensuring sustainable pro fit margins (White and Wu, 2014). Â  This also implies that profitability of hospitals do not depend on type of locality and with consideration of competition due to concentration of facilities in urban areas, I would locate a hospital, especially for a new organization, in a rural area because while competition is lower in the locality, costs are the same, ceteris paribus.

Balanced scorecard Essay Example | Topics and Well Written Essays - 2000 words

Balanced scorecard - Essay Example For the charity organization, development of balanced scorecards aids in ensuring that the mission, vision and objectives of the organization are achieved. For this case, the organization runs activities that aim at funding and taking care of children that have difficulties. The organization provides services that enable these organizations to run smoothly and ensure that these students are offered the best in relation to education. The details of this study aim at discussing a balanced score card for the charity organization and the application through which the organization can improve its services and remain focused to enriching these people with learning difficulties with the actual skills they need for everyday life. The details provide a balanced scorecard that the organization relies on to lead its operations. Balanced scorecards aid at eliminating darkness in an organization. Darkness in its operations and creating a clear path for the following of the organization to aid achieve their goals. The development of these targets oriented with annual assessment means has worked to provide the necessary yardstick to measure an organization’s performance. The balanced scorecard also aids in the consideration of the Metric-Driven Incentives that consider focus more on the financial aspects of an organization that range from increasing profits to reducing operational costs. The charity organization runs its activities through the funding obtained from personal budgets. The proceeds from the canteen provide for the smooth running of the services of the company hence providing for the financial needs of the company (McCarthy & Chapman, 2013). Relating to the above, a balanced scorecard relates to a business document that is in the strategic planning and management system for the alignment of business operations with relation to the vision statements and the mission that the

Discussion board reply Assignment Example | Topics and Well Written Essays - 250 words - 6

Discussion board reply - Assignment Example do not understand that in the fast paced global operations within business sector, it is significant to appoint HR policies that are competitive and goal-oriented. Thus, with the implication of HRD, many organizations can bring betterment in their working schema (Gilmore & Williams, 2012). The post also incorporates the challenges that the chosen company may undergo. This can surely be followed as a roadmap when it would come to selecting HRD implicated approaches. The core compliance of the policies of HRD with employment population and diversity remains yet another significant pointer that has been discussed in a very effective manner. I would like to provide an addition to the written post i.e. HRD implication to any organization needs a thorough evaluation. It is not easier to conduct HR policies until or unless a thorough research is undertaken regarding the working asset of the company i.e. its workforce which remains widely diversified and effective (Gilmore & Williams,