Question
DECISION ANALYSIS The Department of Health is in the process of choosing four hospitals that will act as COVID-19 facilities. Below are the costs the
DECISION ANALYSIS
The Department of Health is in the process of choosing four hospitals that will act as COVID-19 facilities. Below are the costs the DOH will incur in selecting these hospitals.
| Alternative | S1 = Emergency Use | S2 = Ward Use | S3 = ICU Use |
| Hospital A (HA) | 50,000 | 35,000 | 90,000 |
| Hospital B (HB) | 35,000 | 45,000 | 55,000 |
| Hospital C (HC) | 45,000 | 25,000 | 60,000 |
| Hospital D (HD) | 60,000 | 45,000 | 80,000 |
It was found out that the probability of S1 is 45%, and the probability of S2 is 50%, what would be the decision (Use HA, HB, HC, or HD)________ of DOH and how much is the expected expenses__________ to the health agency if hospital A provides 20% discount, hospital B gives 15% discount, and hospital D offers a 25% discount. Hospital C does give discount because it is a government hospital
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started