tKBeth Zion Hospital has received initial certification from the state of California to become a center for livertransplants. The hospital, however, must complete its first 10 transplants under great scrutiny and at no cost to thepatients with the hospital picking the expenses. The cost per hour of surgery is estimated to be $5,000. The very firsttransplant, just completed, required 27 hours. On the basis of research at the hospital, Beth Zion estimates that it willhave an 75% learning curve. Using Table E.3, estimate the time it will take to complete:a) the 10th transplant10.40 hours (round your response to two decimal places).Learning Curve CoefficientsUnit Number (N)10b) The cost of 10th surgery to Beth Zion Hospital = $ 52000 (round your response to the nearest whole number).c) the first 10 transplants hours(round your response to two decimal places).UnitTime.38575%TotalTime5.589UnitTime.47780%TotalTime6.315UnitTime.58385%TotalTime7.116X

Given- Learning curve = 75%Time for first transplant = 27 hoursCost per hour = $5000From…

Answered: K Beth Zion Hospital has received…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Case Study Scenario: Innova Inc. Innova Inc., a medium-sized manufacturing company, is experiencing rapid growth and expansion into new markets. The complexity of operations and the demand for efficient control and management have grown as a result of this expansion. The business is getting ready for an external audit as required by its yearly compliance standards. To guarantee alignment with its changing business needs, the company is thinking about improving its internal audit function in addition to the external audit. Required: 1.1 How would an external auditor approach auditing Innova Inc. considering its rapid growth and expansion? 1.2 How does the role of an external auditor differ from other types of auditors in this scenario? 1.3 What steps should Innova Inc. take to enhance its internal audit function and how can internal auditors contribute to improving the effectiveness and efficiency of control and management within Innova Inc.? 1.4 Discuss the importance of…
Case Study 1: ForecastingYour line manager, Ms Lionheart, has collected and scrutinised performance data for thecompany. She was concerned that the inventories were high for certain products which hadresulted in significant price reductions and losses for the company. At the same time, thecompany had run out of stock for other items early in the season resulting in unsatisfiedcustomers and lost sales. Ms Lionheart has concluded that the problem was not with thespecific products carried in the stock, but with the quantities ordered by the procurementdepartment for two popular products; Dog Ball Launcher and Lightweight Dog Lead.Dog Ball Launcher is a product carried by the company for the past four years. Quarterlydemand data for the past four years are shown in table 1. Last year the company seemed toalways be out of stock for this item. The model used by the procurement department toforecast demand for this product over the last two years has been Multiplicative Seasonalmodel based on…
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