Introduction and Analysis of the Project: Cost-Benefit Analysis of Proposed New Health Warnings on Tobacco Products (eport, 2003)
The new regulation introduced in July 2004 to be implemented for all the years till 2030, have significant cost impact on the economy. Certain benefits are also associated with it, the primary ones include health improvement, increased revenues for non-tobacco industry and the decreased healthcare expense. The major costs are related to enforcement of this system, printing health warnings, decreased sales for tobacco industry and decreased revenue to the government. The report highlights the costs and benefits keeping in view the different years after implementation of regulation (eport, 2003).
Usually, the discount rates of 5 and 7% are used to estimate the costs and benefits likely to occur in the future. In all other industries, the Australian government makes its calculations on 7% discount rates assuming it the most appropriate…… [Read More]
Typically, discounting provides an accurate way to assess the economic impact of a project.
To use a discounting to evaluate the costs and benefits of the National Guard Armory, the report analyzes the demand for the Massachusetts State National Guard Armory in the last three years. The Massachusetts government derives revenues from leasing and renting the National Guard Armory and people in the state derive the following benefits from renting and leasing the armory:
National Guard Armory serves as a safe event location for people at a great price,
The armory also assists in putting money back into the community,
The armory assists in generating money to maintain the armories for future events.
Thus, there is a general high demand for the use of the National Guard Armory. Some of the methods that the National Guard armory is in the regular use are as follows:
Social and Youth…… [Read More]
Benefit Analysis Memorandum
Cost-benefit analyses are routinely conducted for federal programs and proposed federal programs. The researchers propose a cost-benefit analysis for homeland security expenditures designed to address conventional threats to national security. An evaluation of catastrophic threats is specifically excluded from this analysis as only 14% of the federal homeland security budget is directed at the prevention of catastrophic threats to national security. The recommendation from the authors is to employ a risk-informed framework to the proposed cost-benefit analysis is. A risk-informed approach has as its basis consideration of the likelihood of occurrence, the life/safety effectiveness, and the economic cost of proposed security and protective measures, and it includes any "consequence of terrorist attacks on such infrastructure" (Stewart & Mueller, 2009, p.2). Thus, the metrics associated with the proposed cost/benefit research are: 1) Cost per life saved, and 2) Net benefit as measured by lives saved and…… [Read More]
Vaughan, J.L., Leming, M.L.M., Liu, M., & Jaselskis, E., 2013. Cost-Benefit Analysis of Construction Information Management System Implementation: Case Study. Journal of Construction Engineering and Management.
Managers working within construction projects encounter significant expenditure of resources in collecting project data, evaluating production rates, and exchanging information with project stakeholders. The paper focuses on the execution of project tasks through manual reduction of inefficiency as well as improved effective operations in project management. For purposes of improving success rates in information process flow, the authors point out that different forms of information systems are necessary for construction management. The paper introduces their efficiency to the construction projects.
On the other hand, the difficulties involved in tracking illusive and fragmental information are addressed. The paper allows for better approaches to assessing costs against benefits of project implementation. The other goal of the research is to evaluate the major trade-offs challenging construction practitioners.…… [Read More]
Health Care Economics
In economics, cost-benefit analysis assists in evaluating the costs of an approach in terms of resources spent while cost-effective analysis evaluates the costs as achieving some sort of benefit which is not evaluated in monetary terms. Moreover, cost-benefit study examines several aspects including net-present value, present value of benefit, and present value of costs; in line with this, if a project indicates that the monetary outcome is greater than initial costs, the project will be initiated (Amartya, 2000). On the other hand, cost-effective analysis requires a value judgment; since an individual is required to determine how much value is provided by the spent capital.
The other difference is that cost-benefit analysis assigns monetary value to any benefit; the analysis evaluates the benefits in terms of how effective that benefit is; however, it is difficult to quantify the monetary amount. As an example, the health sector uses cost-effective…… [Read More]
Establishing the Decision Framework
Does the study carefully define a problem? Yes. The study argues that traditional special education classes should be replaced with Instructional Support Teams. This argument is based on the premise that traditional special education classes are costly and educationally insufficient. The study notes that the 1993-94 federal estimate of children enrolled in special education classes was 5.4 million, which is an increase of 3.7% in just one year. Data suggest that the cost of special education is twice the cost of regular education. (Pg, 556) In addition Ray and Hartman claim that traditional special education practices need to be reexamined because of the effects labeling and placement in special education classes has on children. The study asserts that the implementation of Instructional Support Teams in place of traditional special education programs would promote instructional improvement and reduce cost.
Does the study delineate the alternatives under consideration?…… [Read More]
Consider the following scenario: A city wants to open a recycling center aimed at reducing waste. The total benefits of the program are valued at $1,000,000. Three different discount rates are estimated at 5%, 6%, and 7%. The time period for receiving the benefits of the program is two years.
Scenario 1 tasks: Calculate the present value at each interest rate. Note and discuss what happens to the present value at each interest rate.
5% discount rate: 1000 / (1+ .05)^2 = 1000 / 1.1025 = 907.03
6% discount rate: 1000 / (1+ .06)^2 = 1000 / 1.1236 = 890.00
7% discount rate: 1000 / (1+ .07)^2 = 1000 / 1.1449 = 873.44
As the interest rate gets higher, the net present value decreases.
It is also worth noting that the differences between each different percentage point per rate in these examples are roughly about 17 dollars per…… [Read More]
Business Artificial Intelligence (BAI) Cost-Benefit Analysis
IBM's Business Monitor offers comprehensive monitoring of enterprise activity for improving organizational agility. Its features include: customizable dashboards, alerts and notifications for providing an almost real-time look into company processes, operations, and transactions, for enhanced business insights. The software assists with identifying changing trends in business, issues, and opportunities, by statistically analyzing historical and present information. It offers:
Almost real-time analysis and estimates, which offer insights into the company's activities.
Automated alerts and notifications, which facilitate the process of responding to emerging issues and changing business trends.
Customizable dashboards, which present historical, present, and predictive data.
Visibility across different business systems, spanning various products and applications.
Global Business Services (GBS) is the professional services department at IBM; it includes the company's management consulting, application management, and systems integration resources ((TDWI -- Training & esearch -- Business Intelligence, Analytics, Big Data, Data Warehousing, 2015).
Benefit-cost…… [Read More]
In the United States and the United Kingdom, NP (Nursing practitioners) are being used as a point of contact to deliver primary care for patients. Trained nursing practitioners who can deliver in-person primary healthcare services for patients are gradually increasing. While patients provide positive feedback about the nursing roles, there is still a debate whether nursing practitioners can deliver a cost effectiveness for a patients' treatment compared with other healthcare professionals, and deliver quality healthcare. (Venning, et al. 2000).
The objective of this study is to review the literature that provides the cost effectiveness of nursing practitioners. The study reviews six different literature to enhance a greater understanding of the cost effectiveness of nursing practitioners in the healthcare environment.
Synthesis and Analysis of the Articles
Venning, et al. (2000) provide a random trial on the cost effectiveness of the nursing practitioners in the United Kingdom sampling NPs in…… [Read More]
I have experience with quite a few of the different decision-making techniques. Certainly, the rational model is interesting, and utilizes parts of some of the other models, such as cost-benefit analysis. I’ve been involved a little bit with focus groups, used brainstorming, and done variations on cost-benefit and cost-effectiveness. I have less familiarity with some of the other decision-making models that we studied.
I feel that the most valuable is really the cost-benefit, which requires a lot of rational analysis. First, cost-benefit focuses ones efforts. We all know that resources are limited. As individuals we are limited in terms of time and energy. If we are going to expend these resources on something, and we are presented with more options than we can reasonably pursue, then we need to focus on energy on efforts that deliver the highest level of return for us personally, however we choose to define return.…… [Read More]
Cost Benefit Analysis and the City’s Water Dilemma
This memorandum focuses on describing the value of cost benefit analysis. It does so by applying the first four steps of the U.S. Army Cost Benefit Analysis Guide as they relate to the city’s need to increase its water treatment capacity. The purpose of this memorandum is not to take the faculty of judgment away from any council member but rather to show how cost benefit analysis can facilitate the judgment process and provide support for pursuing the best possible opportunity at this time.
Step 1: Define the Problem / Opportunity; Describe the Background
Every problem is an opportunity. The problem that the city faces is with respect to its need to upgrade or update its water treatment plant which is more than 40 years old and costly to maintain. With the large automaker set to come to the unincorporated area…… [Read More]
The ole of isk Analysis in Making Security Decisions
Security decisions always rely heavily on an initial process of risk analysis because every security environment represents different types of security threats (Clifford 2004, 213). Depending on the nature of the environment, the principle security threats might be physical security and perimeter access control in some environments but information security and computer security in others. Naturally, it is impossible to design and implement an optimal security plan to address the specific threats to any given entity without first identifying and understanding the particular threats inherent to any given environment (Clifford 2004, 213). Moreover, where some threat environments demand a specific emphasis on one type of security threat, others might require a more complex approach that provides complete protection from multiple types of unrelated threats within a comprehensive integrated security plan (Clifford…… [Read More]
Collaboration on Cost-effectiveness Analysis
This evidence-based project has addressed the use of bilingual interpreters in enhancing patient-provider communication during provider visits in comparison to using family members as interpreters. It is common knowledge that Limited English Proficient (LEP) patients face communication challenges when seeking for primary and preventative health care services. Family members are sometimes used as interpreters to help improve communication between patients and health care providers. However, this evidence-based project has established that the use of bilingual interpreters would help to improve patient-provider communication as compared to using family members.
For the purposes of this evidence-based project, a basic budget and cost minimization analysis as described by Kleinpell (2013) will be completed as shown in Appendix A. The basic budget and cost minimization, which is part of the cost-effectiveness analysis, is based on the assumption that the use of bilingual interpreters would help improve patient-provider communication.…… [Read More]
The Equal Employment Opportunity Commission (EEOC) is far and away the most prolific and omni-present agency that exists in the United States, at least at the federal level, that regulates employers and protects employees from discrimination and other unlawful and/or unethical employment practices including inequity in who is hired, who is fired, who is promoted and why, who is given raises and why and so forth. While budgetary constraints and some of the EEOC's recent decisions certainly deserve attention and scrutiny, the EEOC's status as the ultimate arbiter of employee rights in the United States is not going to change anytime soon.
The mission statement of the Equal Employment Opportunity Commission (EEOC) is to "stop and remedy unlawful employment discrimination" (EEOC, 2014). The vision statement of the EEOC is "justice and equality in the workplace." The EEOC states quite clearly on their website that they know full well,…… [Read More]
moves any sort of raw material, products or shipments in general, the subject of logistics is a very important one. Whether one is speaking of forward logistics or reverse logistics, there should be a fairly constant amount of cost/benefit analysis used and harnessed so as to maximize profit and logistical capacity. Indeed, there is almost always more than one way to do something form a logistical standpoint but the benefits of each method as well as the costs should always be assessed to make sure the proper method is used. Both cost and benefits need to be taken into full account because both matter a great deal.
Some people might be confused by forward logistics as compared to reverse logistics. However, the subjects are actually fairly easy to absorb and interpret with the proper definition. Products and materials, even if slightly compromised, typically retain their value even if…… [Read More]
Dibsa should turn towards the market-based pricing strategy, which sees the implementation of competitive prices for the 3-in-1 Lawnmower. The selection of this combination of strategies would generate several impacts upon the company, but most of them would be obvious at product lifecycle level. In this order of ideas:
The sales revenues would be significantly high throughout the first six months and they would allow the company to cover for the large costs incurred in the manufacturing of the product as well as register profits; they would however decrease with the implementation of the market pricing strategy and the 3-in-1 Lawnmower would metamorphose from a star product into a cash cow
The costs incurred in the manufacturing of the new lawnmower have already begun to decrease and will continue to do so; the actual impact of the pricing strategy is limited, with the specification however that these costs will not…… [Read More]
By analyzing the amount in dollars various accidents caused in the two different groups, researchers could discern if these cameras were actually cost beneficial in comparison to the cost of accidents in intersections without Red Light Cameras.
Researchers in this study used the Bayes before and after method of data analysis to discern conclusions about the raw data which they received. Result showed that more costly right angle crashes did decrease in areas which used Red Light Camera Systems. However, there were a significant number of rear-end crashes in areas which used cameras in intersections. This increase of rear-end crashes raised the overall cost of implementing these systems in controlling traffic. However, the fact that they are less costly per incident that dangerous t-bone, or right angle crashes, makes the intersections with these symptoms more cost beneficial than similar intersections without red Light Cameras.
Analysis of the recorded data did…… [Read More]
Logistics Cost Benefits
LMT 305 Cost and Benefits Analysis in everse Logistics-- Fall 2015
When it comes to a company that moves any sort of raw material, products or shipments in general, the subject of logistics is a very important one. Whether one is speaking of forward logistics or reverse logistics, there should be a fairly constant amount of cost/benefit analysis used and harnessed so as to maximize profit and logistical capacity. Indeed, there is almost always more than one way to do something form a logistical standpoint but the benefits of each method as well as the costs should always be assessed to make sure the proper method is used. Both cost and benefits need to be taken into full account because both matter a great deal.
Some people might be confused by forward logistics as compared to reverse logistics. However, the subjects are…… [Read More]
This could pose additional threats (Brimacombe, Antunes and McIntyre, 2001).
There are also two arguments which reveal the overstatement of the estimations. The first refers to the fact that the tax structures are taken as constants, when in fact modifications could occur and result in the allocation of more funds to the health care sector. Then, the second argument is that the business, technology and administrative communities present the population and the markets with various scenarios and tools for improvements in efficiencies (Brimacombe, Antunes and McIntyre, 2001).
5. Approaches of Federal and Provincial Governments
The federal and provincial governments often encounter difficulties in adequately collaborating for the well-being of the Canadians. The provincial governments for instance blame the federal one for decreasing its health care payment from 50 cents per dollar in the 1960s to 16 cents per dollar in 2004. The federals on the other hand argue that the…… [Read More]
The objective of this study to is examine the expenditures on corrections at the state and federal level and perform a cost benefit analysis of the modern American conception of justice.
Justice -- What Is It?
Justice is many things to many people. To some individuals justice is viewed as a form of punishment and to other justice is equity. roadly defined, justice can be viewed as a means to exact equality from an inequitable relationship between two individuals or entities. Justice, according to the ible, in terms of punishment is "an eye for an eye and a tooth for a tooth." (Exodus 21:22) What the ible speaks of in this instance is that transgressions shall be rewarded with appropriate punishment.
The American justice system is one characterized by punishment that is oftentimes inequitable and in appropriate in the sentencing of offenders. Dr. Matthew Robinson notes that…… [Read More]
Google pps for Business
Edward F. Palm, Ph.D.
The recipient of the justification report is the Department of Transportation Federal Railroad dministration (FR) located in Washington, DC. This is a really small agency that currently utilizes Microsoft products throughout its enterprise. The purpose of this report is to justify implementing Google pps for Businesses within FR specifically due to increased cost savings and seamless and real-time collaboration. This report will highlight key components of why and how the aforementioned benefits can be successfully realized.
s the Federal Government continues to see an increasing influx in budget cuts, cost savings continues to become a top priority. Google's web-based messaging and collaboration apps require no hardware or software and need minimal administration, creating tremendous time and cost savings for businesses.
In addition to cost savings benefits, Google pps provides seamless and real time collaboration through the use of cloud services. This suite…… [Read More]
Beacon Lakes Case Analysis
Armando Codina is the chairman and CEO of Armando Codina Group of Company, which is one of the most active developers in Florida. However, Armando Codina is facing a challenging decision whether to abandon the Beacon Lakes development project worth $220 million or go ahead with the project. However, Codina has already spent $2 million to obtain the necessary approval to develop the 6.6 million square foot warehouse project Despite the approval, Codina is facing various obstacles making him considering whether to go ahead with the project or abandon the project. Codina feels that an unsuccessful project such as the Beacon project can affect his untainted career. Among the problems facing Codina is the uncertainty regarding the getting an approval for the project and expansion to the UDB (Urban Development Boundary) towards the west that is currently zoned to prohibit further development. (Segel, Barlick, & Gonzalec,…… [Read More]
Application of Cost Benefit Analysis
EU Proposed Project Overview
Positive Impact of the Project
Economic Net Present Value (ENPV)
Cost benefit analysis (CBA) is a systematic process of comparing and calculating the cost benefit of a project. Recent business uncertainties within business environment make increasing number of businesses to implement cost benefit analysis to make a sound investment decision. Cost-benefit analysis is also an explicit or implicit method to assess the benefits and costs of a project. Typically, an organization is likely to go ahead with a project if the Benefits (B) > Costs (C). Cost-benefit analysis is often used by private organizations or government to evaluate the desirability of a project. (Anthony, David, Aidan.). The CBA is used to analyze the expected benefits and costs. However, cost effectiveness analysis is closely related to cost benefit analysis. Although both concepts attempt to achieve the…… [Read More]
The quality improvement plan however also reveals a series of benefits, materialized primarily in the following:
Improved communication among the staffs leads to increased levels of operational efficiency as the information so necessary within the medical field is more efficiently transmitted from one medical staff to the other.
Improved communications between medics and patients lead to a higher rate of information collection, being possible for this to then lead to increased chances of diagnosing and treating the conditions at superior levels.
Improved communications with the patients ultimately enhance the levels of satisfaction on the part of the patients. At an organizational level, it could be argued that this satisfaction of the patient -- and of their families -- would materialize in a positive image for the hospice. Through world of mouth publicity, the patients and their family members would determine other individuals to access the services of the facility, which…… [Read More]
HSMS Gap Analysis and Hazard Identification Risk Assessments
Description of APM Terminals
Review of the Health and Safety Management System
Health and Welfare Hazards
Physical Hazard -- Working at Height - Scaffolding
Health & Welfare Hazard -- Noise
Action Plan 1 - Management System
Action Plan 2 -- Hazards and Risks
Barbour Checklist: BS OHSAS 18001 Audit Checklist
Occupational health and safety management has numerous benefits for business, not only an employer's duty of care, a legal and moral obligation but also critical part of business equal in importance to other business functions like finance, marketing and production. When health and safety is embedded as part of business, results would be, good company image and reputation, better employee motivation and morale, improved efficiency and ultimately increased profitability.
The implementation of a sound health, safety and environment (HSE)…… [Read More]
benefit analysis of the proposed state lottery for Alabama. Assessing the costs and benefits of this lottery is challenging. The costs are ill-defined, and often lumped in with other gambling costs in general. Yet, lotteries are not the same thing as casino gambling or sports gambling. So there is a lack of hard data available. The benefits are clearer. These take into account the return on money already being spent by Alabamans out-of-state, and the multiplier effect of this new spending. For the state government, the lottery is a clear winner, but for the Alabama economy as a whole, the cost-benefit analysis looks less positive.
The state of Alabama is examining ways in which it can increase its revenues. One of the ideas that has been floated is that of a state-run lottery. In February 2016 a bill was passed that will allow the state to set-up a statewide vote…… [Read More]
, et al., 2012).
Systems approaches look towards the functional integration of different stakeholders and their goals towards a specific issue or path. What implications might a proposed solution have and to what groups? What is the functional relationship between groups of stakeholders and how can that be maximized. For returning felons, this approach looks at ways to construct programs that are utilitarian in context (the greatest good for the greatest number) (Teaskey, 1976).
Ecological PA supports a more holistic viewpoint and focuses on the nature of the internal and external environments. In other words, PA must interact with the political executive, social political interest groups, commercial and economic organizations, and the citizenry. This approach takes the approach that solutions may only be found by looking at the issue as a sub-set of a larger set of societal issues. Ecological PA cannot solve the incarceration problem, but can look toward…… [Read More]
The third controllable cost is storage and delivery, which depends on program scope independent of which professional educates the consumer.
d. Unrecoverable expenses if the activity is not implemented include the cost of preventable traumatic head injuries borne by the total health care insurance consumer pool whether cyclists are insured or not; the direct E costs attempting to prevent one traumatic head injury from becoming catastrophic (death); the foregone potential earnings that would be generated were one child not killed before they could finish their career, and the public cost from obesity prevented by cycling. As with variable costs, the actual savings will depend on the variable factors discussed above. Likewise, without predicting exactly how many traumatic head injuries would be prevented by helmet use or not, this budget estimates what those savings would be if one catastrophic head injury were prevented in such a way.
3. We estimate the…… [Read More]
Strategic Recommendations for a Reduction of Operating Costs for Burn Care Unit
Burn Care Unit is a healthcare organization operating the 40-bed unit. Since its formation, Burn Care Unit business has been profitable with an increase in revenues, however, the organization has faced challenges in recruiting the professional nurses, which forces them to adopt the Baylor plan. The plan is an overtime policy that adopts 36 hours pay for nurses who work for 24 hours on the weekend. Nurses who work for 60 hours in the weekdays are paid the equivalent of 70 hours. However, the company has recorded high cost of operations because of the policy. Moreover, Burn Care has incurred $800,000 in nurses' payrolls because of the Baylor plan, and based on the recent increase in the costs of operations, the accountant has suggested that the CEO should discontinue the Baylor Plan to reduce the costs of operations.…… [Read More]
Real Options Analysis
Companies resort to capital budgeting in the process of taking decisions with regard to making long-term investments. The projects involving capital budgeting are chosen by the companies in terms of expected generation of cash flows. Since profitability is the main criterion for long-term investments of the companies the strategic decisions with regard to the long-term investments involves a cost-benefit analysis in terms of cost of investments and expected generation of cash flows over the period of time. Emphasis is being laid on the concepts of Net Present Value and Internal Rate of Return etc. To assess the benefits of long-term investments against the cost of capital invested. The cost of capital of a firm signifies towards the cost of obtaining of capital by the firm that is used for long-term investments. Generally the firms define economic profit as the operating profit excluding the tax and cost of…… [Read More]
For example, should the training be online or in person? Should it be a one day workshop or an ongoing seminar. Should the content and the instruction method be geared toward visual learners or auditory learners? Or both? Should the training be conducted by in-house managers or outside training professionals? There are a host of details to consider when creating the actual training program and making decisions on content and strategies. Pat will need to make these decisions based on her detailed company analyses along with any outside research she can find to help guide her toward the decisions that will have the optimum results for the company.
Beebe, S.A., Mottet, T.P., and oach, K.D. (2004). Training and development: Enhancing communication and leadership skills. Boston: Pearson.
Brown, J. (2002). Training Needs Assessment: A Must for Developing an Effective Training Program. Public Personnel Management, 31(4), 569.
Christen, M., Iyer, G.,…… [Read More]
Structuring Your Message
Benefits of distance learning from a student's perspective
The duration of e-learning should be justified from the duration of stay expected in the organization
a) the education may be directly related to the information required
b) the education must be specific for the situation that is to be faced
c) the education must set a standard of learning which is to be uniform for all the individuals going through the course
The education has to be provided in a manner that is easy for the students
The education should also be beneficial to the person providing the information so that it will continue.
The use of e-learning is for various purposes, but what is being discussed here is about e-learning that is provided for commercial purposes. This system has been found to be useful for employers and has the possibility to evolve into a major method for…… [Read More]
Public Policy Analysis
There is a sense that politics operates on a continuum scale whose extremes are rationality and irrationality. Politicians make laws that can be seen from both perspectives depending on the particular position of the person judging whether the particular statute is good or bad. Public policy can be judged by either rational choice theory or the converse of that. The difference in the two can be seen in how crimes are litigated. A rational person can make the choice whether an act is right or wrong and has specific knowledge of how society will view that act. An irrational person is one who, for some reason, is not deemed competent to understand that what they have done is criminal in nature. Irrationality is the reason that individuals below a certain age cutoff are generally not treated with the same deterrent stance as adults, why people with metal…… [Read More]
The coelation between coopeative initiation and eceptive tendencies, howeve, is much weake" (p. 32).
The oveiding theme that emeges fom all of the foegoing analytical models is the fact that although intenational conflicts and be effectively modeled and deconstucted in ode to gain a bette undestanding of the pecipitating factos and how they play out in eal-wold settings, they do not necessaily povide the insights needed to develop esolutions to these conflicts no do they povide peemptive altenatives that could stop the conflict fom stating in the fist place. Indeed, epidemiologists use compaable techniques to undestanding how disease pocesses evolve and spead thoughout a human population, but diffeent techniques ae equied to develop coesponding cues and teatments fo thei diseases. Similaly, the analysis of intenational conflicts that is needed to help decision-makes identify viable solutions will equie an additional and supplemental type of analytical methodology.
Given the potential fo death…… [Read More]
Business Project Management
Effective project management necessitates continuous adjustment so that the business accommodates the most recent trends. Majority of company directors expect project updates to be accessible in real time and anticipate live data to be accessible. Careful modeling of projects towards organizational aims and strategy is essential for attaining these objectives. A cost-benefit analysis can be important in determining how effectively, or how inadequately, a project will deliver value to an organization. Matching the total commercial benefits to the project costs incurred in the end enables decision makers to determine whether to go ahead with a recommended project (Vanlandingham and Drake, 2012). The purpose of this paper is to analyze the different projects and their costs and benefits towards David's Discount Pharmacy.
In the analysis of the case of David's Discount Pharmacy, the best option for the replacement is re-designing the front end and back end. This is…… [Read More]
Over the years, given the awareness and exposure that came with the advent of media and the internet, human societies and cultural norms across the globe have evolved from being very conservative to moderate to liberal. With apparent increases in literacy rates, standards of living and awareness in general, people around the world have reconsidered many of their notions and have adopted more liberal approaches towards social norms and myths. That said, despite of moving towards liberal broad minded cultural notions, the practice of Abortion still attracts intensive debates in both developed and less developed societies. This paper particularly focuses on the degree to which poverty is related to the practice of Abortion and how this relationship does implicates on the lives of poor women. The paper also aims at proposing a policy that would help in tackling the said problem.
As medical sciences evolved and progressed for…… [Read More]
Researchers identified key barriers to physicians' use of EMRs. They then suggested policy interventions to overcome these barriers, including providing work/practice support systems, improving electronic clinical data exchange, and providing financial rewards for quality improvement.
ne of the most important contributuons to essay since it suggests barriers to EMR and ways to overcome those barriers.
15. Bates, DW et al. (2002) a Proposal for Electronic Medical Records in U.S. Primary Care J. Am Med Inform Assoc; 10:1-10
This paper, developed by the National Alliance for Primary Care Informatics, a collaborative group sponsored by a number of primary care societies, argues that providers' and patients' information and decision support needs can be satisfied only if primary care providers use electronic medical records (EMRs). Although robust EMRs are now available, only about 5% of U.S. primary care providers use them. Recently, with only modest investments, Australia, New Zealand, and England have achieved…… [Read More]
Hybrid vs. Gas Powered Cars
Currently, global warming and a shrinking natural resource base are two of the greatest headaches for governments and regulators alike the world over. The price of gas in the U.S., for instance, almost doubled over the last decade, from $1.86 in 2004 to $3.62 on average in the first half of 2014; and given that more than half of the country's oil consumption is taken up by motor vehicles, one question looms -- what will the situation on our roads be like when our oil reserves can no longer sustain our consumption needs? Then there is the even greater problem of greenhouse emissions and global warming. The transport sector accounts for approximately 17%-18% of total CO2 emission globally, and automakers have been under intense pressure to roll out emission-free automobiles, and thereby reduce the damage resulting from the Greenhouse effect. More and more regulators are…… [Read More]
HR Case Study
The author of this report has been asked to read and review the You Manage It case study on page 286 of the assigned text. The text speaks about training and how it is assessed on a cost versus benefit basis. Indeed, training can be beneficial but it can also be a waste of time and money. Even if there are technically benefits to a training even without proven cost/benefit ratios, it is wise to make a business case that proves that there is a benefit. Such was the case in the example given in the case study. The author will answer to all of the critical thinking questions in the case as well as at least two of the key learnings to be had as well. While training is not a panacea, it is a needed and necessary part of making sure that service quality is…… [Read More]
Q2) Identify issues employers face with benefits, explain why they face them and share how to resolve them
The primary problem is the misuse and overuse of the insurance and medical programs included to the employee benefit and it opposite that it is never used. In either case the expenditure becomes wasteful. To prevent misuse there can be supervision of the accounts by the H and making annual checkups mandatory can avoid non-use. (osenbloom, 2005)
One problem is the distinguishing between the casual and regular workers and providing for different set of benefits for each. In this case there is the benefit that status differences boost employee morale but has its own drawbacks while treating casual employee rights and benefits, especially training. For a casual or part time employee training packages that suit the vocation make a great benefit and the legal implications of treating these employees differently…… [Read More]
benefit-Costs of pursuing an MA
Even though each of us has his/her own perspective of happiness and sense of life, we all agree that the integral part of these are the financial stability complemented by personal professional success. That is why we all strive very hard to achieve ambitious financial and professional goals and choose our own paths to them. ut through historical and empirical evidence it has become clear that on average, the better education one has, the better are one's chances of fulfilling the boldest dreams.
We, Americans, spend millions of dollars on our education, which we consider as investment in our human capital. According to the public opinion research conducted by the Educational Testing Service: "Nearly all (96%) adults believe that a college education is a good investment, including 72% who say it is a very good investment."
I have achelor of Sciences degree from Hampton University…… [Read More]
Benefit Plan Design Analysis
Select and profile an organization for the benefit plan
Extraordinary and above average people are recruited by ABC. Their task force possesses a number of exceptional skills and many of them are graduates of top universities or possess professional qualifications. One of the most interesting things about ABC is that it is continually trying to make the organization host to an increasingly global platform that employs people coming from various nationalities and cultures. This way, it makes sure that the creme de la creme of the task force is employed in the organization that is not afraid of taking on challenges. Also, the organization then comes up to their expectation by providing a healthy and competitive corporate culture.
Staff that is new to the ABC organization undergoes a series of sessions whose themes range from personal mentoring to formal training. The training is imparted by their…… [Read More]
4. Specialty toothpastes created for customers with sensitive teeth, gums or other medical conditions, with customer experience being the most critical
5. Lifecycle approach similar to Crest yet focused on the consumer's purchasing lifecycle
Based on this analysis, my top five criterion are as follows:
1. High performance toothpaste capable of delivering preventative protection and has a fresh taste
2. High performance cavity prevention
3. Making dialing brushing less of a chore and more fun and enjoyable
4. Available in a wide variety of flavors
5. High performance, rapid whitening toothpastes that bring quick results to teeth and gums.
Based on these criterion, I have become a loyal Crest Complete Multi-Benefit Whitening + Scope -- Citrus. This toothpaste fits my profile of benefits precisely and has led to my becoming brand-loyal to this specific product based on the benefits it delivers.
2. Select another oral care (e.g., toothbrush) product where…… [Read More]
&D activities fall into four pools with the following annual costs.
Market analysis $1,050,000
Product design 2,350,000
Product development 3,600,000
Prototype testing 1,400,000
Activities Cost Drivers Estimated Drivers
Market analysis Hours of analysis 15,000 hours
Product design Number of designs 2,500 designs
Product development Number of products 90 products
Prototype testing Number of tests 500 tests
(a) Compute the activity-based overhead rate for each activity cost pool
Activity-based overhead rate = total budget overhead / basis
= 1,050,000 / 15,000
= $70 per hour (Market Analysis)
Activity-based overhead rate = total budget overhead/basis
= 2,350,000 / 2,500
= $940 per design (Product Design Number)
Activity-based overhead rate = total budget overhead/basis
= 3,600,000 /
=$40,000 per product (Product development number)
Activity-based overhead rate = total budget overhead/basis
= 1,400,000 / 500
= $2,800 per test (Number of tests)
(b) How much cost charged to an in-house manufacturing…… [Read More]
It is recommended that Sea Island should implement a corporate wellness program in order to gain the advantages that come with the program. These include cost savings on health insurance, increased job satisfaction levels which decrease absenteeism and employee turnover and increase employee productivity. The program should be designed to be culturally sensitive and should be tailored for the workplace environment in the company in order to include all members of the organization despite their background, history or other cultural aspects that can create barriers to participation in the program.
Barton, S.S. (2002). Aspects of the Effect of Substance Use on Health, Wellness and Safety of Employees and Families in Northern emote Work Sites. Social Indicators esearch, 60(1/3), 263-274. doi: 10.2307/27527051
Bates, J. (2012). Benefits of Corporate Wellness etrieved December 12th, 2012, from http://wellnessproposals.com/wellness-articles/benefits-of-corporate-wellness/
Heinen, L., & Darling, H. (2009). Addressing Obesity in the Workplace: The ole of…… [Read More]
Ethics Awareness Inventory
According to the Ethics Inventory, I fell into two categories: those who are obligation-oriented, and those who are results-oriented. In some ways, the ethical beliefs of these two categories are in conflict; for instance, usually people who base ethical decisions on obligation or duty are not as concerned with results as with principles. However, I scored high in the results-oriented category as well. I believe that my ability to span both categories of ethical decision making have proved beneficial for me in the past and will continue to in the future. For example, the ethics awareness inventory analysis indicated that I do not operate in terms of absolutes; I do not feel that there can be any absolute standards of right and wrong because the world is too complex. Therefore, I am more prone to being open-minded and flexible than people who do feel that there should…… [Read More]
Had the organization employed the techniques of activity-based costing, they would have realized the need to change their approach and had started manufacturing small size and fuel efficient engines, as most of the customers were requiring these items. "If Ford [...] had used activity-based costing, they would have realized early on the utter futility of their competitive blitzes of the past few years, which offered new-car buyers spectacular discounts and hefty rewards" (Drucker, 2003).
Unlike absorption costing, marginal costing uses the traditional division into direct, indirect, fixed and variable costs. The accounting method sees that the final marginal cost of a product will be calculated by summing up the direct costs of labor, the direct costs of materials, the direct expenses and the variable overheads (Brown). The applications of marginal costing revealed that Ford was able to support a price advantage relative to General Motors and Chrysler due to its…… [Read More]
Limiting Public Benefits
The United States economy is in serious trouble and the individual state economies are not faring much better. In times such as these, those elected into public office are called upon to find ways to save money and to help the struggling nation become strong again. For individual people living in America, the economy has directly impacted their everyday lives. Many people are out of work and more and more families are becoming dependant on financial assistance from either the state or federal government in order to keep going. hen there is no money to spend on food or clothing or shelter, the families suffer terribly. The government instituted public assistance and unemployment to help families who are in desperate need. One of the ways that politicians, particularly Republicans, have suggested for alleviating the government's financial responsibilities is to demand that all people who apply for governmental…… [Read More]
Profit Analysis and Costing for the 21st Century
Value costing is about looking at the different aspects of a business paying particular attention to the opportunity cost they represent, how much they are likely to financially benefit a firm, and how much they are likely to cost it. Through this analysis, it is possible to determine the parts of the business that function the most efficiently and locate the parts that do not.
It is thought that value costing is no longer relevant because business has become far more complex than the traditional format, and with the rise of the internet and the increase in ebusiness, more and more factors must be added to the equation. It is also though that this form of costing is not only too simplistic, but takes too long to put into practice, and harder still to gain any meaningful results from. Value costing tries…… [Read More]
As can be seen from the Table 1: Comparing Store Statistics, Wal-Mart on average has the least amount of full-time employees of any given regional or local competitor and therefore has the ability to control benefits and compensation costs. In addition this strategy alleviates the potential for union organizing as well.
This strategy alleviates the need to pay medical benefits and also makes the company more resistant to labor organizing efforts. Wal-Mart uses a unique organizational hierarchy to manage its predominantly hourly workforce, distributed throughout the many departments in a SuperCenter. The median annual salary of hourly workers hovers in the $20,000 a year range, with in-store management earning a median salary in the range of $54,000 to $60,000 a year.
Figure 1: Wal-Mart Organizational Structure
Wal-Mart's organizational structure is specifically designed to enable hourly workers for complete nearly every position in a Wal-Mart SuperCenter yet the benefits and…… [Read More]
As a consequence, information
can become redundant, it may not be received by the desired receiver, or it
may be distorted.
All these affect the well-functioning of the company's operations. As
a consequence, a series of malfunctions start to emerge, they determine
other problems, which result in not reaching the company's objectives,
decreasing quality of products and services, and increased costs.
The same situation happens in the case of the supermarket's branches.
Each of these branches is run by a general manager and they establish their
own sets of goals and objectives that must be aligned with the general
strategy and objectives established at the headquarters of the company.
This way, each branch activates like a profit center. However, it is
difficult to control the branches. Although they establish their own
objectives also in accordance with the customer targets of each branch, the
demographics and the characteristics of the market…… [Read More]
strategic analysis of the Southwest Airlines. By examining the SWOT analysis of the Southwest Airline it is concluded that the best strategy for the company is the low cost leadership strategy because the competitive advantage that Southwest Airlines enjoys is its low operating cost. The company has to plan its future tactics keeping in mind the cost-cutting phenomenon; this will help the company to sustain its position. The recommendation for the company is to continue the provision of service at low price and improve employee management relationship for a better and coordinated implementation of the strategies.
Southwest Airlines is the largest airline company with the lowest cost present in the United States. It was established in 1967 and since then it has continued its strategy of cost minimizing efficiently. In this paper, the focus is on the specific strategy of the Southwest Airlines. From the Porter generic strategies, Southwest Airlines…… [Read More]
Business - Management
Internal Analysis and SWOT Analysis
Southwest has been a major inspiration to other low-cost carriers, and its business model has been used many times worldwide. The competitive strategy that they use joins high levels of employee and aircraft productivity with low unit expenses by reducing aircraft turnaround time predominantly at the gate (Bamber, Gittell, Kochan, & von Nordenflytch, 2009). When doing an internal analysis and SWOT Analysis it is important to look at a company's tangible and intangible resources.
Southwest Airlines has tangible resources of financial resources, physical resources and human resources. In 2099, Southwest Airlines had revenues over ten million dollars. They are the largest airline in the world by boarded amount of originating passengers boarded. They are the third-largest passenger fleet of aircraft amid all of the world's commercial airlines. They have carried more passengers than any other U.S. airline since August 2006 for shared…… [Read More]
Of course, as Medicare beneficiaries increase because of the number of baby boomers, the Medicare program may adjust. However, current hospice figures demonstrate that only about twenty percent of all elderly individuals that die are enrolled in hospice programs.
Implementation and Monitoring
The needs of this new program will require thorough training and once implemented, precise monitoring. "When you approach a problem in the way your work group functions, you're implementing an organizational change. By taking a critical look at your process, and using some theories from organizational design, you can fix the problem -- and change your organization to make quality more likely." (Derby, 1999) The training will be a key because of the potential requirements associated with the Hospice program that may require completely new skill sets for the majority of our staff. The fact is that many of our nurses may not have acquired the necessary skills…… [Read More]
Apart from that, Chennai has become the eye specialist city and Kerala has become the ayurvedic center for healing. These facilities are being made use of by the non-Indian nations (Connell, 2011).
Huge market at hand
The population is surging, the patterns of diseases are altering, salary levels are rising, clinical needs aren't attended, health issues aren't being attended, demand for quality care is needed at moderate prices and medical tourism is all set to rise. So is the need for modern equipment. In any case, demand for modern equipment is needed in India on a basis of 12%-15% yearly. Many foreign companies commence their initial 500 surgeries in India after getting approval from FDA. Medical services are still shallow by the way. China has 106 doctors while India has 60 doctors per 1000. Australia has 247 doctors per 1000 people. The rural areas suffer a lot from this lack…… [Read More]
udgeting and Cost Control in Healthcare
One of the most critical issues facing healthcare facilities and organizations is the rapidly increasing cost of providing services. Cost control and budgetary issues are the first consideration for many healthcare facilities. According to statistics, the "single most important thing on the minds of healthcare decision makers is cost management and containment." (Lawson, 2004). In fact, more than 95% of respondents to a survey concluded that cost containment and budgetary issues were among the most pressing issues in the healthcare industry. Yet budgetary issues within the world of healthcare are among the most difficult to address, as most healthcare facilities vary greatly in the level of services they provide to consumers, and the amount of resources readily available to serve those consumers.
Healthcare facilities face increasingly and rapidly rising costs in the face of a poor economy and rising costs associated with providing healthcare…… [Read More]
Burn-Care Unit: Reducing Operational Costs- Focus on Labor Expenses
1.0. Executive Summary
To remain relevant in the long-term, the Burn-Care Unit ought to adopt either of these two strategies, or combine both in a hybrid mix: reduce costs or boost the current level of revenues while keeping the current cost levels constant. The most viable strategy for an organization of this nature would be to rein in costs via the adoption of an effective cost minimization strategy or approach. It is important to note, from the onset, that being a reputable burn-care facility at the national level, there is need for the Burn-Care Unit to maintain the integrity of its processes as well as its operational efficiency, even as it seeks to minimize costs. For this reason, the relevance of embracing the most viable course of action towards the minimization of operational costs cannot be overstated. Reducing operational expenses, and…… [Read More]
New York Times
Leadership and Culture
The New York Times has a corporate culture based around a tradition of excellence. As the "newspaper of record," the New York Times has long been considered a leader in the industry, capable of setting trends and innovating. At the same time, the Times Company is also fairly conservative, because of its tradition of excellence. There is an expectation within the company of being the best. Integrity is held in utmost regard. These philosophies are incorporated in the company's "Rules of the Road," which include the usual components of integrity, creating shareholder value, good corporate citizenship as core values. Innovation and collaboration are among the traits in the rules of the road, in addition to customer service, respect, challenging oneself -- basic frameworks enshrined in strategy to various degrees (New York Times website, 2010).
Culture is not, however, specifically cultivated at the company as…… [Read More]
Utley Food Case Study
Utley Food Markets was founded in the 1930s in the St. Louis area. It grew to 86 supermarkets in the Missouri and Southern Illinois area. Up until 1948 it was a family owned company, but then sold and went public, with the Utleys moving out of managerial roles. The company is now heavily unionized, and even those employees who are not union members receiving similar salary increases as to union members. One of the largest concerns is the manner in which employees are reviewed; now typically with the supervisor answering, "how did this employee do in the past year." There is no quantitative data, dialog, supervisory committee, or employee response. This has resulted in a culture of mistrust and suspicion, with the general view that the system is unfair. hen employees complain, supervisors typically respond with a larger than average raise simply to make the concern…… [Read More]
Black Women in White Male Industries
evise and esubmit
You have chosen in this paper a topic that has both national and international significance. How indeed inclusive, fair, and just are so called "inclusion or set-aside" initiatives? How open and accessible are the programs to new immigrants and minorities? These are all very interesting questions that your paper raises.
But you don't fully address whether or not the rational approach considers such programs to be either fair, effective, and even legitimate. Are these programs acceptable or legitimate in the eyes of a policy analyst or maker who subscribes to the rational choice perspective? Why and why not? Your paper also seems to contain a few sentences at the end that are not properly paraphrased but yet are not under quotation marks. This needs to be paraphrased or removed or quoted to avoid plagiarism.
Please find below your Paper 1 Grade…… [Read More]