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[answered] Miles Alty Week 4 Assignment BUSN 652 28/21/2016 Chapter 7


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Miles Alty

 

Week 4 Assignment

 

BUSN 652

 

28/21/2016

 

Chapter 7

 

Question 1 - Describe the differences between a unit of input and the cost of an input, and identify the

 

advantages andd disadvantages of each use in operational metrics. Question 2 - Discuss why the traditional patient day does not fully account for hospital outputs, and describe how

 

that outputmeasure is refined to take into account the other outputs of a hospital production function. Question 3 - What are some sources for benchmarks of the operational metrics described in this chapter? Why

 

are they important, andd what are the limitations to their use? Question 4 - Describe the process of developing an internal operational metric. Question 5 - Should a manager whose performance will be measured with an operational metric participation in

 

its selection and development? Why or why not? Answers

 

A unit of input is used to provide a more objective view on evaluating operational performance. Examples of these

 

include labor hours and the number of supply items. The cost of an input can be most easily defined as the cost

 

allocable to an output and is used as a component of a cost estimate. The advantages of an unit of input ?. The

 

disadvantages of an unit of input ? The advantages of a cost of an input ?. The disadvantages of an cost of an

 

input ? There are a number of reasons why the traditional patient day does not fully accoount for hospital outputs. Some

 

of these reasons include: ? The output measure is refined to take into account the other outputs of a hospital

 

production function ? Some of the sources for benchmarks of the operational metrics which were described in the provided chapter

 

includes: ?. These benchmarks are important because ? Some of these benchmarks limitations include: ... The process of developing an internal operational metric is as follows: ? I believe that a manager whose performance will be measured with an operational metric SHOULD/ SHOULD NOT

 

participate in its selection and development?

 


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