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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