Implications and Limitations of Economic Feasibility Statistics Project

Implications and Limitations of scotch Feasibility - Statistics leap out Example turn up of the variables, however, merely Staffed beds, Medicare Days, pith Surgeries, and RN FTE were material to the hospitals native trading operations live.One of the implications of the study is a target-specific go about to centering of operations cost for great profit margins. The identifying signs of only Staffed beds, Medicare Days, fare Surgeries, and RN FTE means that the separate variables do non influence total operations cost and should therefore not utilize the managements sentence go think for the optimal cost for operations. I would accent only on the four noteworthy variables in managing be and in employ cost to lay the optimal aim of service sales talk that a hospital should ensure. I would workout operations management strategies to determine the optimal level of a mix for Staffed beds, Medicare Days, Total Surgeries, and RN FTE that brook optimize periph eral returns through the coefficients aim a greater focus on RN FTE_05 thus Staffed beds_05 in the mark of costs and its derived decisions. Reducing the costs through energy strategies would be a priority for ensuring sustainable profit margins (White and Wu, 2014).This excessively implies that profitability of hospitals do not search on flake of locality and with term of competition cod to concentration of facilities in urban areas, I would locate a hospital, especially for a new organization, in a unpolished area because while competition is cut back in the locality, costs are the same, ceteris paribus.