Recent orders

Cost-Benefit Analysis matrix. The paper also highlights the advantages and disadvantages of other tools such as PERT and Gant

Project Management

Name

Affiliation

Abstract

Adopting to change is one of the hardest processes that organization or companies face. The paper shows how changing from an old system to a new system entails. Despite the fact that employee accept change to take place in their organizations, most of them are against change. This is because they fear that they might lose their jobs. The paper also highlights the advantages and disadvantages of other tools such as PERT and Gantt charts.

Construct a Cost-Benefit Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions.

One of the biggest challenges facing human resource managers and executives today is the justification of costs related with the implementation and purchase of human resource information system (HRIS). For institutions or organizations, considering changing it internal payroll systems to a payroll outsourcing service is it vital to understand the benefits that come with the new system. Will the service lower cost? Will it increase revenue of income? What is the future benefit for the system to the company? The probable returns at the end of a given duration and the investment choice have to be evaluated in order to make a decision. For this to be possible, a cost-benefit analysis is developed to answer the above questions (Kavanagh, 2012).

Direct Indirect

Benefits Reductions The venders are going to be canceled Free time for staff to handle issues

Revenue Improve employee job performance Better reporting of information and faster system

Cost New implementation There will be out of pocket cost Technical issue will be present

The above chart shows the display in general the benefit and the cost of implementing a new HRIS system. The justification of the new HRIS system has various challenges since some of the items cannot be quantified while others can. By defining both sides of cost-analysis, a company has to consider the indirect and direct costs and benefits that come with the new payroll system. Most organizations or companies are always concerned if the new system will increase revenue (Kerzner, 2010). Employees’ job performance will progress because there are exposed to more efficient system. On the other hand, the company will save money save money on paying other outside vendors to handle the work. The more efficient the system is will permit staff to have more time to manage demanding issue. The company should research and establish the systems that best fit financially for them.

Assess the risks associated with integrating a new payroll system and suggest what the project management team can do to minimize those risks

Any implementation of a new system comes with itself various risks. In most cases, integration includes replacing various related systems, such as payroll system, personnel databases, and benefit system, which one HRIS covers all. Anytime that a new system is changed or implemented there are bound to some accidents, some can be user errors and others system errors. Any change to the payroll system also develops a learning curve as human resource personnel and manager adapt to the new payroll system (Kumar, 2005). With the implementation of a system that is faster than human beings are, the question arises for employees are their position in the organization since the system has replaced them. Some of the employees are not always willing to accept change especially if they consider the change as a negative issue. It is vital for the project manager to be ready to provide a strategy and answer for changes that are in progress. This explains why communication is a very significant tool. The PM should be to answer staff questions as they come in a more efficient and elaborate way. They should advise them of the changes, the benefits that come with it, and the reasons why the change took place. If the change will prompt loss of job, then the PM should offer options.

Compose the tasks that would be needed to complete a Gantt chart (project schedule) for outsourcing the company’s payroll system. Compare the advantages and disadvantages of using a Gantt chart versus using the Performance evaluation and review technique (PERT) and critical path method (CPM) when managing projects.

Gantt charts are easy to construct and to understand, and they offer a powerful visual tool for managing projects. Gantt charts show tasks, activities or events displayed against a certain timeframe. The chart aids in scheduling the work within a project from the start of the project to the end. A proper work breakdown structure is developed in a chart to indicate the level of time as well as the resources needed at each stage of project execution. The tasks needed to complete a Gantt chart for outsourcing payroll system would be:

Select the vender

Carryout a cost benefit analysis

Evaluate the workability of the new system

Close the current system

Conduct a research on the vendor systems for outsourcing payroll system

There are various merits of using a Gantt chart. It is very simple to create and to develop. It can help in putting the tasks into a realistic timeline. The demerits of the Gantt chart also exist. It cannot display the cost attached and you would have to complete more than one chart if alternative outcome is expected. Performance evaluation and Review technique (PERT) also offers a visual representation of the tasks at assigned to the project (Doody & Noonan, 2013). This project management tool addresses events, time, manpower and costs needed to complete the project. PERT can predict the timeframe of task completion as well as the completion of the entire project. The merit of using PERT is that it improves decision-making and planning by presenting and integrating data from various departments. However, PERT only works with larger projects hence a small business will not able to benefit from this method. The lack of proper timeframe on most CPM/PERT charts makes it difficult to indicate the status of a project.

Propose three (3) types of feedback loops the project management team can implement so that potential users of the new payroll system can provide advice, suggestions, and guidance to the team during project development and implementation. Suggest how the project management team can filter out irrelevant information and target critical information provided by potential users of the new system

Feedback is always essential. It permits you to gain information on how projects are running and how others think about the changes. It is not always easy to have feedback because of lack of communication, fear of retaliation, and low employee morale. Ways to curb these concerns are to provide feedback loops. This offers the users of the new system a safe arena to address their opinions. First, I would recommend that the users of the system to be an ambassador. The ambassador acts as a spokesman of the organization and stakeholders. They attend meeting to voice the concerns of the employees and others, offer suggestions and offer advice for a new system (Doody & Noonan, 2013). The help desk should be implanting to help workers that come across any issues while working with the new payroll system. Help desk operations are also able to provide systematic experts and guidance with the system. The use of focus groups is also pronounced ways of for employees to gather and offer suggestions or raise concerns on how companies can help them with their work or job. The best way to sieve the information is to ensure that accurate and reliable information is offered and that when questions arise the project manager adheres to the facts offered or presented.

Suggest three (3) types of behavioral problems that employees can manifest as a result of replacing the organization’s legacy payroll system with an outsourced solution. Compose three (3) guidelines that a project manager can use to mitigate employee resistance to change

With the existing change of technology and that of business change, practices and systems must also change. Change helps Company and organizations stay competitive in their market. Despite the fact that change is good it not easy for employees to accept change. In order for change to be efficient and effective, management and communication are important. Employee always shows their discontent for change by showing lack of motivation, low morale and decreasing productivity. It is the obligations of the HR department and the project manager to assist resolve the problems that come with change amid the employees (Kavanagh, 2012). There are several processes that that are used to mitigate employee’s resistance to change. First, the company should consider the process of unfreezing. This is the process of getting people to believe and see the purpose in it offering recognition and rewards. Psychological safety is one of the processes of assisting employees overcome their nature of anxiety for change by addressing and understanding their needs. Transition/change is the process of assisting the employee accepts change by highlighting the merits of the new process versus the old.

Conclusion

Many company or organizations will come to a situation where they will need to update their HRIS system. It is vital that they do their research. Noting all the options is vital, but even more is weighing the costs of projects versus the benefit. A cost analysis is a good way to determine if the system is right for an organization or company. Effective project management is essential to the implementation of the project. There will always be a resistance and risk with any form of change. However, it is up to the project manager to be ready to handle the issues as they come. One of the most important tools of handling resistance is addressing the loopholes of communication because workers need answers hence it is up to the project manager to offer alternatives and benefits that come with change.References

Doody, O., & Noonan, M. (2013). Preparing and Conducting Interviews to collect data Nurse Researcher, 20(5), 28-32.

Kavanagh, M. (2012). Human Resource Information Systems. Determining HRIS Needs

Kerzner, H. (2010). Project management: A systems approach to planning, scheduling, and controlling (6th ed.). New York: John Wiley & Sons.

Kumar, P. (2005). Effective Use of Gantt Chart for Managing Large Scale Projects. Cost Engineering, 47(7), 14-21.

Cost-benefit analysis for environmental policy making

Cost-benefit analysis for environmental policy making

Name:

Institution:

Course:

Tutor:

Date:

The Environment is an important area of major concern in the current world. This term encompasses the often fuzzy and unnoticeable boundaries between natural and man-made environments. Issues of concern in this respect ranges from non-human species and ecosystems to those concerned with social and health problems related to demographic issues and the processes of industrialization. In caring for the environment, there is need to consider all the key contexts for decision making and other critical issues.

The natural resource policy making process takes into consideration many factors in making guidelines into effective environment management. Sometimes there arises a conflict between which of the alternatives gives the best framework upon which policy issues can be built. Compared to equity concerns, economic efficiency seems to offer the better platforms upon which these issues can be articulated. This is because of the following factors; it is evident that problems within our environment possess key economic perspectives that need to be given priority in enhancing the social awareness (Nicolaisen, Dean & Hoeller P., 1991). In 1970s the subject of global insufficiency of natural resources were much debated. Currently, countries are now accepting that the economy of the world is slowly progressing towards a crisis in terms of natural resources.

Equity issues have been cited by some quarters with regard to environmental management, specifically on the allocation of costs and benefits. The problem with this approach is that its objectives highly clash with other policy objectives. As a matter of fact, there is an existing trade-off between economic efficiency concerns and equity efficiency issues. This issue brings attention to the whole subject of environmental economics, with the key question of how best it can be considered. One ideal solution that seems of significance is the wider concerns which economic efficiency addresses. Decision making for policy issues should therefore give due preference for economic efficiency over equity considerations

References

Nicolaisen J. Dean A & Hoeller P., (1991) Economics and the Environment:

A Survey of Issues and Policy Options. Retrieved from; < HYPERLINK “http://www.oecd.org/eco/greeneco/34281824.pdf” http://www.oecd.org/eco/greeneco/34281824.pdf>

Cost Effectiveness Analysis of Flexible Optical Scopes for Tracheal Intubation

Cost Effectiveness Analysis of Flexible Optical Scopes for Tracheal Intubation

Introduction

The flexible optic scope is a primary method of performing intubations as a way of managing the difficult airway algorithms. The process is common among anesthesiologists. The method is only among other methods that could be initiated to serve the same purpose. The major differences among the various methods, which could be used, are costs effectiveness and reliability. This paper entails an analysis of the flexible optical scopes and the associated effectiveness in tracheal incubation. Flexible Optic Scopes in this case referred to both fiber-optic scopes and video scopes. The flexible fiber-optic form of intubation refers to an integral part of the Difficult Airways Algorithm but it has limited use mainly the non-emergent scenarios of difficult airways. The reason behind this limited use is its high costs of purchasing and maintenance. This type of incubation also requires the initiation of advanced training. While there exists two distinct forms of flexible scopes in terms of usability, the flexible health care facilities have been using for a long time (Tvede et al, 2012). For this research, the single use FOS is found to be the most cost-efficient.

An alternative to the flexible fiber-optic could be the Ambua Scope, which can be accessed easily within various scenarios in emergent clinics. It is also more cost effective compared to other techniques, which have failed due to other reasons besides high costs. Intubation with the use of the flexible optical scope is a great technique in the management of any predicted as well as unpredicted difficulty airway. While the total costs of making use of flexible scopes are entirely unknown, establishing a way to analyze the effectiveness of the technique would be a great idea. This is important especially considering that fiber optic scopes entail both video scopes and the fiber optic scopes. The introduction of flexible scopes, which are disposable, has initiated great change in healthcare and especially in the management of difficult airway according to Smith (2012). The cost effectiveness could however be inadequate for each of the two types of flexible optical scopes.

Background

Decision-making is hardly an easy process since requires significant attention, thoughts and wisdom according to Muennig (2007). This happens in all forms of organization although the health sector and its organizational setting require a bit more creativity in making decisions. Making decisions in the health sector is usually based on factual information rather than on assumptions. Other than the cost effectiveness of the flexible optical scopes, consideration of the health implications is a major consideration. The disposable flexible optical scope is fast gaining popularity among health practitioners (Tvede et al, 2012). The cost associated to the reusable flexible optical scope in performing intubation is however unknown. The real cost is influenced by various factors including its initial cost, its maintenance cost, the cleaning cost, and disinfector costs among other cost factors. In contrasts, the single use flexible optical scope does not need any repair activities or disinfection. It is purchased and used by physicians to perform intubation, with the exclusion of maintenance costs lowering its general costs.

An analysis of the various cost factors associated with the reusable fiber optical scope, would make it easier to recommend the single use fiber optical scope for use in hospital procedures. The definite choice is initiated by fact that the single use fiber optic scope does not need much servicing or cleaning even after use due to its disposable feature (Tvede et al, 2012). It is however vital to conduct a critical analysis of both fiber optic scopes to determine the most effective and efficient especially given that the actual cost implication of the reusable type has never been extracted in any existing or previous research. The background of this cost comparison idea is that the advancement of technological knowledge within the health sector is meant for the benefit of the patient (DeCusatis & DeCusatis, 2006). The technology can hardly be achieved without an aspect of cost considerations. This calls for the essence of scrutinizing all health care approaches to ensure that patients get quality care at an affordable cost (Smith, 2012). This is the central rationale behind carrying out a cost effective analysis for both the re-usable and the disposable flexible optical scans.

Deciding on the best fiber optic scope to use between the single use and the reusable type requires that health practitioners have to put much into consideration. Some considerations made include the aspect of the reusable FOS of having to be cleaned after every intubation. The cost implication associated with this case may not be direct but indirect, adding to the main cost of purchases. Indirect costs have been reported in the form of cases of diseases resulting from the process of decontamination. This aspect could be seen in the case of case of Creutzfeld Jakob disease, which was been diagnosed (Tvede et al, 2012). Technicians find the single use FOS as a significant step in addressing this challenge. This is provided in this case to signify the severity of the issue and the essence of carrying out a cost effective analysis on the two FOS to recommend on the way forward in selecting the most cost effective one.

Such reasoning could be shallow, a factor that would highly call for the use of cost analysis techniques to establish the best method of which to make use. Going by non-factual reasoning would lead people to engage in some critical thinking. This is because, although the use of the single use optical scope may appear cheaper at first but the indirect costs and the prolonged usage could prove it as being the most expensive type of flexible optical scope. Adaptation of new technologies may have own implications especially in the aspect of cost, which brings in ungrounded reasons for re-adapting earlier technologies due to their simplicity. New technologies usually consider cost implications, which could imply that the disposable optical scope has some cost advantages over the single use type. This argument is the ground for the cost effective analysis carried out in this paper.

The main challenge today is the adaptation to new technologies quickly without making any considerations such as the effects of adapting to them (Smith, 2012). It is true that most technological changes aim at improving on the present conditions, however, this does not mean that there is no need for exercising thoughts and considerations (Smith, 2012). In any case, there should be a thorough analysis of each form of intubation before a choice decision is made. This means that it is unnecessarily adequate to recommend one single FOS to manage all cases of predicted and unpredicted difficult airway. This is because each of the method may prove to be cost effective in different circumstances (Smith, 2012). For instance, physicians should consider the number of booked intubations before making the final decision oHin which FOS to use. This could ensure that the right equipment is used at the right time with the observation of cost effectiveness.

Literature review

Studies have been conducted on various scopes to investigate the cost advantages and effectiveness of each of the two types of flexible optical scopes. Numerous studies have been conducted in various parts of the world to carry out cost effective analyses on the two FOS. In one of the studies, this paper examines the detail aspects in the attempt to analyzing the cost effectiveness of both the disposable and the reusable flexible optical scopes. In countries like Denmark, similar analysis was carried out, in this case, in Copenhagen university hospital (Tvede et al, 2012). The study established that in the hospital, where the study was conducted, use Classical FOS containing optical fibers with an eyepiece at the proximal end were in use until during recent years. The study further revealed that sometimes a separate video camera would be attached to the eyepiece. However, during recent years several video, fiber, or hybrid scopes have become available (Tvede et al, 2012). This has led to the hospital offering disposable flexible video scopes to its anesthetists. According to the study, the recent introduction of the disposable FOS has called for a cost analysis (Tvede et al, 2012). The initiation of a cost-analysis process was to find the cost advantage of the disposable flexible optical scope in order to allow a cheap or affordable adaptability. From the study results, some people are strongly requesting a healthy economic study, which deals with the subject. This confirms that the single use flexible optical scopes are rapidly gaining influence in health settings.

From the study, it comes out that the total cost associated with flexible optical scope intubation has hardly been published any time before. Again, the costs of repairing equipments used in bronchoscopes have once been calculated, but the study focused on repair costs only in a pulmonology setting (Tvede et al, 2012). They measured and calculated actual total costs per intubation. This was done using a combination of traditional fiber and video scopes. The cost incurred was compared to the cost of using a single use flexible video scope. To understand the study, it is necessary to comprehend the method used. This is vital as the study is used in the paper to determine the cost effectiveness of the two FOS.

The cost of intubation using reusable FOSs was identified and calculated. One of the people underrating the study was a health economist. The duty of the economist was to ensure that the methodology of the study addressed the purpose (Tvede et al, 2012). The study was taking place at a multidisciplinary university affiliated anesthesia department. It provides about 80000 operations per year. This is especially within burns and plastics, oral and maxillofacial, eye, trauma, ear-nose, orthopedic and throat surgery. The number of actual intubations was extracted from the relevant database. The study also provides that the department have about 12 FOS at its disposal (Tvede et al, 2012). This means that the number of FOS is high enough to address multiple cases at once. According to the study, anesthesia activities in the department are spread in about four different areas. These places are situated at different floors. It is further revealed that the disinfectant-washer is placed on one floor (Tvede et al, 2012). This is to say that all the entire FOSs have to be brought to one floor for cleaning and disinfecting after every intubation.

In order to calculate total costs incurred, when using FOS, the procedure was observed from the start to the end. The process of data collection that involved observing the procedures took place for a period of two months (Tvede et al, 2012). At the beginning of the period, the observations were made by authors and team members. Information regarding the purchase of the available FOS and equipments that are directly related to the functioning of the FOS was gotten from the technical department of the hospital. Another relevant piece of information is the expected life of scopes and racks. Information regarding the cost of repairs was obtained from the hospital’s maintenance recordings of the hospital’s medical technical department (Tvede et al, 2012). During the collection of this information, it was revealed that a hospital medical technician used half of her working time servicing endoscopic equipment belonging to the hospital. The 12 FOS given to this department (multidisciplinary anesthesia) constitute of about 5% of the hospitals equipment (Tvede et al, 2012).

The cost of buying and operating the department’s washer-disinfector for the FOS was obtained from the manufacturer (Tvede et al, 2012). The cost of the space needed to be used in washing and disinfecting the endoscopes is estimated from the cost of an average square meter in a hospital setting in the city of Copenhagen. The cost of additional necessary, which is used for the procedure, was given to the researchers by the procurement department (Tvede et al, 2012). The various costs are listed to help the reader gain a clear understanding of the factors that are considered when establishing a cost effective analysis.

The calculated cost per every intubation encompasses all elements or aspects linked to the procedure except the time used by the physicians (anesthesiologists) to perform m the actual intubation. This is because this factor varies a lot. For instance, each doctor may have a different skill level. Doctors with high skills tend to perform the intubation faster than doctors with low skills. Teaching situations could also influence the length of an intubation (Tvede et al, 2012). These levels are disregarded when determining the cost analysis, as they cannot be adjusted to be used in the analysis.

In the study cost per intubation, reusable was said to be the total cost of all miscellaneous elements divided by the sum of intubations performed annually. After all the calculations were done, it was discovered that the cost of using reusable flexible optical scope was £ 177.7 per intubation (Tvede et al, 2012). The cost of using the disposable video scope was £204.4 (Tvede et al, 2012). These figures reveal that using reusable FOS is more cost effective than using disposable FOS. However, when other factors were considered, the results changed. For instance, a subgroup analysis indicated that the cost of intubation of a person using a reusable scope with a video monitor was £204.5 (Tvede et al, 2012). This reveals that looking at a specific set of factors may not yield the proper results. It is essential to integrate as many factors as possible when determining cost effectiveness (Smith, 2012). This helps one to get informed views from different point of views. This is helpful as one is able to choose the cost-effective approach based on the prevailing circumstances.

Decisional Model

The main aim of this decision model is to aid in making informed choices on the flexible optical scopes. This would a better way of settling into a conclusion about the most cost efficient flexible optical scope in contrast to the attitudes of many people to make choices out of tradition or habit according to Muennig (2007). In many cases, such people hardly undertake a systematic approach to decision making (Muennig, 2007). In this case, it is essential to adopt a systematic approach to decision making. This is because, if one is not careful, decision-making can be influenced by a variety of factors such as emotions that affect decision making negatively (Smith, 2012). Still, lack of information and proper skills leads to bad decisions. Because of the reasons provided and many others, this article adopts a professional model to help in making the right decision while choosing the most cost effective FOSs.

Figure1: A Decision Analysis Model

From the decision analysis model, it can be evident that the single use FOS is more cost efficient than the reusable FOS. The cost of the single use FOS is relatively lower than the cost of the reusable FOS. To get into the final solution in the decision making process, various steps are conducted before reaching a feasible conclusion. The various stages are designed to help decision makers approach issues comprehensively and systematically. The decision makers have to start from a point and there is also an ending point after the entire process of decision-making. In the identification of the problem or situation, the decision makers need to have a clear objective such as the cost effectiveness they would like to achieve from the use of a specific method. The major decision in this case is making the right choice out of the flexible optical method that would lead to cost effectiveness. From the two choices available, the decision makers would be able to identify possible alternatives. Identification of alternatives would require that the better of the two methods be chosen. The identification of alternatives is done using specific strategies. The alternatives have to have to indicate the possibility of reaching good decisions. From the available strategies, they would then decompose and model the problem, which is cost effectiveness in this case. The best alternative is then chosen. The choice of the best alternative is done carefully and with respect to the established objectives. In this case, the single use FOS could be chosen over the reusable alternative because it is much cheaper, the repair and maintenance costs are lower, there are low or no chances of disinfection cost, and the repair to procedure cost is lower than that of the reusable FOS. In this case, the repair to procedure ratio is 1:39 for the single use FOS compared to

Estimating probabilities

To estimate probabilities, there is the need to have some information on both the usage of reusable and disposable FOS. In the case of the reusable FAO, one has to collect data regarding the buying price, the maintenance cost, for a given period of time. Other costs to consider in this case include the cost of the washing-disinfectant and other costs related to the use of the device. On the other hand, the cost associated with the disposable FOS is the purchasing cost and the labor cost (Tvede et al, 2012). Other costs are either negligible or do not exist for this kind of FOS. After establishing this information, calculations would be carried out and adjusted to reflect different periods of time (Tvede et al, 2012). The information obtained after the calculations is useful in comparing and establishing the best approach to use in different occasions. The data collected is presented in the table below:

Table 1: Cost Differences between the Reusable and the Single-Use FOS

Costs Reusable Single Use

Purchase cost 557 300

Repair cost 53.46 53.48

Disinfection and preparation cost 33.16 0

Intubation Cost 119.75 120

Total Cost for Each type 763.37 473.48

The probability that the management would choose to use the single use FOS or the reusable FOS depends on the respective costs. The management chooses the option characterized by higher cost effectiveness. In this case, the probability of choosing one kind of the FOS could be established from the relative total costs for each FOS type. From the sensitivity analysis section, the total cost estimate for the reusable FOS is $763.37 while that of the single use FOS is $473.48. The total cost of using the two types of FOS is $1236.85. This implies that the fraction representing the total cost of the reusable FOS would be 763.37/1236.85, which comes to 0.6171888264542992. On the other hand, the cost fraction for the single use FOS is 473.48/1236.85, which becomes 0.3828111735457008. In this case the cost effectiveness would be higher for the smaller fraction while. Therefore, the probability that the management would make use of the single use FOS over the reusable FOS is 763.37/1236.85, which is equal to 0.617. The probability that the management would continue with the use of the reusable FOS is 473.48/1236.85, which is presented as 0.38.

Cost estimates

The cost estimates for the two FOS types depict significant differences, which signify great reasons why the two types of FOS have different effectiveness. The cost purchasing a single reusable FOS is about $557. This implies that for 6 units, the cost of purchase is $3342. The cost of purchasing the single use FOS is $300, an implication that the latter is cheaper. With respect to other cost implications, the reusable FOS is more costly than the single use FOS. The repair cost for one unit is estimated to be $53.46 while the repair cost for the single use is almost equal amounting to $53.48. While the disinfection and preparation cost for the reusable FOS is estimated to be $33.16, the single user has not disinfection or preparation cost. It has however, a slightly higher or almost equal intubation cost, $120, over 119.75 for the reusable FOS. The total cost is much higher for the reusable FOS since it stands at $763.37 against $473.48 for the single use FOS.

Sensitivity analysis

The sensitivity analysis involves the consideration the factors that may influence the alternative selected. It involves the establishment of the way the uncertainty in the selection between the reusable FOS and the single use FOS would be apportioned. This would differentiate the source uncertainties in the use of the two forms of FOS. The costs can be compared in a table as shown in the table presentation below:

Costs Reusable ($) Single Use($)

Purchase cost 557 300

Repair cost 53.46 53.48

Disinfection and preparation cost 33.16 0

Intubation Cost 119.75 120

Total Cost for Each type 763.37 473.48

From the table, the cost for a single unit for each unit is $763.37 for the reusable FOS and $473.48 for the single use FOS. The difference is $289.89, which would increase as the number of units increase. This means that if the organization uses 10 units of the reusable FOS instead of the single use FOS, it would incur and extra cost of $2898.9.

Summary

As discussed in the paper, cost effectiveness of any of the FOS ‘depend on a variety of factors that are directly related to cost. On the other hand when conducting few flexible optical nerves, a disposable flexible optical scope is cost effective. The best choice depends on the prevailing factors. It is advisable for health practitioners to use the decision analysis model provided in the article to come up with the best option in terms of cost effectiveness. In addition to this consideration, it is also necessary to bear in mind that other factors must also be considered. For this case, it can be concluded that the single use is the best since it has a higher level of cost effectiveness.

References

DeCusatis, C., & DeCusatis, C. J. S. (2006). Fiber optic essentials. Amsterdam: Elsevier/Academic Press.

Muennig, P. (2007). Cost-Effectiveness Analysis in Health: A Practical Approach. Hoboken: John Wiley & Sons.

Smith, A. D. (2012). Smith’s textbook of endourology. Chichester, U.K: Wiley.

HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Tvede%20MF%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Tvede MF, HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Kristensen%20MS%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Kristensen MS, HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Nyhus-Andreasen%20M%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Nyhus-Andreasen M. (2012). A cost analysis of reusable and disposable flexible optical scopes for intubation.. Pub med.gov. Retrieved from HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed/22338623” http://www.ncbi.nlm.nih.gov/pubmed/22338623