StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Goodness of the Service Level and Current Structure - Assignment Example

Cite this document
Summary
In the paper “Goodness of the Service Level and Current Structure,” the author discusses the issue that few people go for the vaccine and price could be a barrier, especially with the fact that flue has been dormant in the past decades. This further suggests lack of motivation behind vaccination…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Goodness of the Service Level and Current Structure
Read Text Preview

Extract of sample "Goodness of the Service Level and Current Structure"

Goodness of the Service Level and Current StructureAssignmentOptimal number of vaccines and chance of running out of vaccinesOptimal profitability occurs when total cost equals total expenditure for generating the cost. Assuming that an organization purchases z doses of the vaccine and sells x doses and returns y doses to the Centers for Disease Control and prevention, the following are computations for optimal number of vaccine doses and chance of scarcity. Cost of vaccine= 4z= 4(x+y)Revenue= 15x+ y, based on $ 15 sales price and $ 1 buy back price.

Therefore, at optimal level, 4(x+y)=15x+y3y≤11x 11x-y≥0 ………………. Equation 1x>4300 …………………….215x-3y>0 ………………….3x+y>4300…………………4However, equation 2 and 4 only hold if y= 0, for non negative values of x and y.Consequently, x= 4300 is the optimal number of vaccine doses that the facility can purchase for optimality. From the confidence interval formula for normal distribution, Z=(mean-µ)/(standard error)And mean-µ = zero and this means that Z is not defined.

As Z approaches infinity, however, probability of failure approaches zero. Therefore, at 4300 doses, the facility has a zero percent probability of failure. Goodness of the service level and current structureBased on the article, few people go for the vaccine and price could be a barrier, especially with the fact that flue has been dormant in the past decades. This further suggests lack of motivation into vaccination and reduction in price is recommended. Reduction to lower levels such as $ 7 per dose would motivate people into and increase total number of used vaccines.

A reasonable profit level would therefore be possible, and even higher levels attained due to higher number of unit sales. Such a reduction in price would also promote quality of health by preventing flue (Thompson 1). Effects of CDC’s hold on the buy-back policyA hold in the buy-back policy is likely to reduce facilities’ stock level and therefore limit availability of vaccines. In addition, unused vaccines would lead to greater losses and prompt facilities to charge higher prices on sales.

Consequently, holding the buy-back is likely to reduce demand for vaccines and increase burden of flue (Thompson 1). Works citedThompson, Dennis. “U.S. flu cases continue to climb.” Health Day. January 10, 2014. Web. November 10, 2014. < http://www.chihealth.com/body.cfm?id=4794&action=detail&ref=3853641>.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Goodness of the Service Level and Current Structure Assignment - 22”, n.d.)
Retrieved from https://studentshare.org/management/1665237-assignment-1
(Goodness of the Service Level and Current Structure Assignment - 22)
https://studentshare.org/management/1665237-assignment-1.
“Goodness of the Service Level and Current Structure Assignment - 22”, n.d. https://studentshare.org/management/1665237-assignment-1.
  • Cited: 0 times

CHECK THESE SAMPLES OF Goodness of the Service Level and Current Structure

Lorex Pharmaceuticals

The pharmaceutical industry is ever changing, as can be seen from the many changes in the structure of markets and organizations that occur over the years.... In relation to the study the company which has been selected is Lorex Pharmaceuticals.... The study will cover the following: analysis of the industry and the company; possible decision alternatives; qualitative and quantitative evaluation of alternatives....
5 Pages (1250 words) Essay

Implications of the Growth of the Services Sectors

In any modern economy, the three primary elements which combine to make the overall structure of the primary economic system are the agricultural sector, the industrial sector and the services sector.... This is the reason that the normal economic progression of a nation might go from a complete dependence on agriculture, to a boost in industry and finally towards a service based economic system....
9 Pages (2250 words) Essay

The Reliability of Structures

They are expected to serve… In order to perform its role or function properly, each and every part of a particular structure has to resist forces that are likely to damage its size and shape.... For instance, pyramids of Egypt are having a layered structure.... First of all the structure has to be heavy enough so that it stays in place.... Secondly structure must not be so heavy that it affects the earth unevenly.... Thirdly the structure has to be thick enough so that one cannot make out of place and finally it must be anchored tightly....
17 Pages (4250 words) Essay

Consequences of Pragmatism

Pragmatists believe that we should not ask questions about truth and goodness because there is no such thing as truth or goodness.... They believe that circumstances that determine the goodness or truth in something.... True to this, everyone has different judgments and beliefs that determine their actions therefore it becomes difficult to give a comfortable stand about truth and goodness.... They believe that when something is true it does not help to think about Truth or to think about goodness when an act is good....
5 Pages (1250 words) Literature review

Current Situation in Scotland

In addition, the decline in manufacturing has been accompanied by a steady increase in the service industry.... The coursework “current Situation in Scotland” concerns specific areas of the economy, culture, and government in the country which aims to remove from the United Kingdom and which has recently undergone a number of low carbon initiatives to establish a low carbon plant.... In terms of the country's current economic strategy, there are a number of prominent considerations....
7 Pages (1750 words) Coursework

Advanced Routing in the Computer Networking Environment

Since it is preferred to maintain the structure of the existing system, the Dual-Stack Model is used to serve in the implementation of the network structure.... In this network task paper "Advanced Routing in the Computer Networking Environment",  several factors will be considered where two different protocols exist in two different network segments and especially when there is an interest to upgrade the network system from the current IPv4 to IPv6....
6 Pages (1500 words) Assignment

The Structure of New Capitalism

… The paper "The structure of New Capitalism" is an outstanding example of an essay on sociology.... The paper "The structure of New Capitalism" is an outstanding example of an essay on sociology.... As a result, the new capitalism structure has influenced labour relations by exploiting workers who have to work twice as hard to remain employed (Sennett 2006).... This paper discusses how new capitalism structure negatively influences self-integrity and also that the meanings of work for employees have changed as a result....
7 Pages (1750 words) Essay

The Strengths Perspective in Social Work

Much of the client's family structure has not been shown by the genogram, but it is evident that she had a sister too to who they related well.... This paper "The Strengths Perspective in Social Work " is a case of Judith who had previously visited the center for financial counseling....
6 Pages (1500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us