Case Analysis of Sutton Health Essay Example for Free

Case Analysis of Sutton Health Essay This network identified that traditional payment processing system had limitations that hindered the effective collecting of revenue. What with the recession, healthcare organizations have seen an increase in the inability to collect debt from the self-pay, the uninsured and underinsured patients. This has caused a lot of struggle when it comes to the organizations to meet the operational margins and the profits. I find there are a number of reasons for the new increase in patient’s debts, the most common are, poor accounting practices, lack of patient information and correct demographics. There is new governance that is designed to provide more coordinated care to said patients (Gleeson,2010). There are five geographic regions that reflects the health care access to the customers of Northern California. Each of the five regions will have governance structure and it will oversee many of the Sutter affiliated medical facilities and also the hospitals. In its effort to increase point of service collections and improve the overall revenue cycle Sutter health took steps to measure performance using a handful of specific primary benchmarks, empowering PFS staff to assume responsibility for every individual account they handle, ensure each registration is analyzed using a rules engine to identify problems before patients leave the registration desk and ensure PFS staff receive appropriate comprehensive training to excel under the new system† (Souza, McCarty, 2007). Obtaining the correct patient information plays a large part on non-collectable debt because patients are not able to be reached. These limitations were associated with limited access to accurate information by the account representatives, ineffective performance measures and fragmented centers of the service provision. The Sutter Health program developed a system that was comprised of solutions that were geared towards overcoming these limitations. The key problems and issues, is that the United States healthcare system is characterized by huge upkeep from collecting revenue from patients. This situation is brought about by a health care insurance system which entails high deductible pay health plans and as well as higher co-payments plan. (Souza, McCarty, 2007). This situation has been made worse through the large proportion of the population not having healthcare coverage. The traditional health care system has had a hard time meeting their target revenue collection. This is due to several problems that attached along with the traditional payment system. Unlike when dealing with the payments through insurance claims but also dealing with the up-front payments that are required by the hospital for payment of services before the patient could even receive the service (Souza, Mccarty, 2007). So this means that the patient services staff (PFS) has to have complete and accurate information about above said client. This presented a problem for the traditional payment system where much of the customer payment system was processed in the back end. This system also required that the PFS staff ask for money from self-pay patients, but the PFS were not accustomed to this under the traditional system. The PFS staff found it hard to wait for the back end section to process customer information and to provide a breakdown of the patients payment details. So this became a tedious task for hospital accounting departments as well as for patients that had to wait a longer period before receiving services. The inefficiency of the traditional system not only resulted in low quality services, but also in low revenue collections. The system provides such a broad range of health care services, which include acute, sub- acute, home health, long term, outpatient care as well as physician delivery systems. These services are provided through an integrated health care delivery approach that gives the system the ability to deliver a full range of healthcare products and services. rks. Sutter also recognized that the traditional system did not provide a means for analyzing selected data nor did it generate required detailed report on demand. This led to more cost as the hospital had to rely on programmers to generate such reports. The front desk staff also lacked real time information which hindered their ability to serve the client without consulting the back end staff. It also meant that the front desk staff could not monitor the patients progress (Souza, McCarty, 2007). Another challenge was that the PFS members were not empowered enough to be held accountable for each patients accounts they dealt with and it reduced the amount of accountability among the staff. These are some of the key challenges that the Sutter system were meant to address. The solutions that were employed by Sutter Health was an attempt to overcome the challenges stated above. Sutter Health implemented certain changes in the fore mentioned system that would make their operation more efficient. The strategies identified by the Sutter program entailed transferring most of the back end tasking to the front desk; providing accurate and complete information to managers and upfront staff; providing more effective performance evaluation and integrating all data elements within the system (Souza, McCarty, 2007). Allowing front desk staff to handle much of the payment process was deemed to have an effect on the efficiency of the process. Various solutions were employed to ensure that this is achieved. One of these solutions entailed using benchmarks to measure performance by the Patient Service Staff (PFS). Sutter identified a handful of primary benchmarks which included; Unbilled A/R days, Gross A/R days, Major A/R days, Cash Collection,percentage of A/R over 90, 180, 360 days (Souza, McCarty, 2007). This benchmark introduced shorter periods with which staff performances could be evaluated. This move was timely especially when onsidering that the industry has changed and things happen in terms of hours and days but not months. Another solution involved empowering the PFS members to have full responsibility over the accounts they are dealing with. This move was meant to increase a sense of responsibility and accountability as each individual members will be responsible for his or her own account (Souza, McCarty, 2007). This also gave the PFS members more autonomy to act as they saw fit and this improved the speed and efficient of service delivery by these staff members. The program also provided the PFS members with tools, that enabled them to automate their accounts, sort out their accounting using various means and seen their performances based on the achievement of the target. PFS and other accountant representatives were presented with individual dashboards that helped in the tracking of their progress in meeting targets. This also helped in enforcing the benchmarks set by this program. Sutter’s health program also introduced a front end collecting system as means of overcoming the mentioned problems. The pint of access collecting system introduced an opportunity for the health care facilities to reduce claims and denials. Though this system the patient records are analyzed before the patient leaves the registration desk. This enables the front desk staff to identify problems such as bad debt, patient or invalid patient type early enough and take the necessary corrective action. The Sutter health program also embarked on a comprehensive training program that was designed to support the existing PFS members and the registration staff. This gave staff the necessary competence to deal with the tools provided by this system. The training program also eliminated the need to hire formally educated staff to operate the system that would and more than the $10-$20 an hour paid to current registration and PFS staff. For example, registration staff who were not used to asking patients for money were trained in effective communication skills. The training was also designed to introduce autonomy and effectiveness which acted as a motivator to the employee.

Characteristics Of Bullying Behavior Psychology Essay

Characteristics Of Bullying Behavior Psychology Essay The behavior of bullying carries a significant social, financial and a medical cost for its victims as well as perpetrators. Data demonstrates it to be a highly prevalent behavior, with powerful and long lasting psychological and social impact [1]. It crosses boundaries of age, gender, ethnic, and other sociodemographic categories, and has been shown to occur within settings as different as elementary school and corporate boardrooms [2]. Involvement in bullying can impair and degrade the quality of life for both victims and perpetrators. This is underscored with work done by Connoly and colleagues [3] that showed children who bully at higher risk of developing severe relationship problems as adults. The trauma of bullying has been shown to be associated with severe and chronic psychiatric pathology, including mood and anxiety disorders, including PTSD, alcohol and drug abuse as well as personality disorders [4]. The most alarming sequela of bullying is its association with increased risk of suicidal behavior [5]. Thus, given the high cost of this behavioral phenomena, bullying should be approached with a collaborative, multidisciplinary effort as a prevalent source of severe trauma, with very high individual and social costs [5]. Definition: The definition of bullying is by no means monolithic, with nuances varying between different researchers, and socio-demographic settings. The principal, overarching framework of the definition of bullying, is established and accepted by the community of researchers involved with this subject matter. Olweus et. al [6] defines bullying as a specific form of aggression, which is intentional, repeated, and involves a disparity of power between the victim and perpetrators. This aggression can be physical, verbal, gestural or through intentional exclusion from a group, without apparent provocation on the part of the person being targeted. What sets bullying apart from other forms of abuse, such as child abuse and domestic violence, is the social context in which it occurs and the imbalanced power relationship of the parties involved [6]. Demographics and characteristics of bullying behavior: Wang and colleagues [7] recently showed that among US adolescents, the prevalence of having bullied others or having been bullied at school for at least once in the last 2 months were 20.8% physically, 53.6% verbally, 51.4% socially, or 13.6% electronically. Males were more involved in physical or verbal bullying, whereas girls were more involved in relational bullying. Boys were more likely to be cyber bullies, whereas girls were more likely to be cyber bullying victims. Compared with 6th graders, 9th and10th graders were less involved in bullying for physical (bullies, victims, or bully-victims), verbal (victims or bully-victims), relational (victims or bully-victims), or cyber form (bullies). African-American adolescents were involved in more bullying (physical, verbal, or cyber) but less victimization (verbal or relational). Higher parental support was associated with less involvement across all forms of bullying. Having more friends was associated with more bullying and less vic timization for physical, verbal, and relational forms but was not associated with cyber bullying. Lemstra et al. [8] investigated bullying in 4,197 youth subjects; in which 23% reported being physically bullied at least once or twice in the previous four weeks. They demonstrated that being male, attending a school in a low-income neighborhood, perception of having unhappy home life, arguments with parents and feeling like leaving home have been found to be associated. It is also important to recognize that bullying affects people other than children and adolescents at school setting. Murhtar and colleagues [9] found that almost 70% of medical students in their study had experienced some form of bullying in the past 6 months. Balducci et al. [10] demonstrated that bullying is a prevalent behavior in a workplace, and study of Norwegian workforce by Nielsen and colleagues [11] have show that almost 5% of people see themselves as victims of bullying, with nearly 7% report that they are exposed to a high degree of bullying behaviors, and 1% are exposed to sever bullying. Bullying and Suicidal Behavior: As previously mentioned, the most striking and dire outcome of bullying for both victims and perpetrators is an increased risk of suicidal ideation, attempts and completed suicide shown to be associated with this behavior. A study that involved 838 youth in 9th-12th grades attending public high school demonstrated that subjects involved in bullying as a perpetrator, victim, or victim-perpetrator were more likely than controls to report having seriously considered or attempted suicide within the past year [12]. Fisher and colleagues [13] demonstrated in twin studies that exposure to frequent bullying predicted higher rates of self injurious behavior even after controlling for pre-morbid emotional, behavioral problems and environmental risk factors. A study by Winsper et al. [14] showed that pre-adolescence subjects involved in bullying, especially in the role of being both a bully and a victim were at increased risk for suicidal ideation, suicidal and self-injurious behavior. Some dat a suggests thathrough novel or worsening psychopathology. Brunstein and colleagues [15] suggested that bullying behavior in the absence of depression or suicidality is not an independent risk factor, but rather amplifies inherent risk of suicidal behavior associated with depression. Intro to bullying and psychiatric pathology: Whether or not bullying increases the risk of suicidal and self-injurious behavior directly, it is important to report that it is positively and directly correlated with different psychiatric conditions. Kumpulainen et al. [4] showed that young subjects involvement in bullying, are more likely to struggle with disorders such as attention-deficit hyperactivity disorder, depression, anxiety, and personality disorders. Bullying and depression: Multiple studies have demonstrated a clear correlation between involvement in bullying and a higher risk of developing a depressive disorder. Lemstra and colleagues [16] showed that children who were physically bullied multiple times per week were 80% more likely to develop symptoms of depression in comparison to children who never experienced bullying. A retrospective study by Lund et al. [17] claimed that adult men with a self reported history of being bullied at school were significantly more likely of being diagnosed with a depressive disorder later in life; and a prospective study that looked at 2348 boys [18] demonstrated that boys who were both perpetrators and victims of bullying were at higher risk for developing depression, and suicidal behavior later in life. Bullying and PTSD: Bullying, although not considered to be a form of acute trauma, has also been shown to be associated with symptoms of Post-Traumatic Stress Disorder (PTSD) [19]. Positive correlation between symptoms of PTSD and exposure to bullying were demonstrated among subjects who experienced bullying at work [20]. Another study that attempted to assess prevalence and intensity of PTSD symptomatology among victims of bullying at work, and tried to show whether victims of bullying were more vulnerable to other distressing life events demonstrated that more than 70% of bully victims developed symptoms of PTSD, and displayed a moderate or severe impairment in social functioning [21]. Bullying and other anxiety disorders: People involved in bullying appear to be at a higher risk of an anxiety disorders other than PTSD. One study demonstrated that social phobia, obsessive compulsive disorder and panic disorder were all positively associated with severe teasing and bullying experiences [22]. Kumpulainen et al. [23] showed that among children victims of bullying anxiety symptoms were as frequent as 8.7%; a number that is significantly higher than controls. Another study demonstrated that being a bully, victim of bullying, or having a role of being both a bully and victim in preadolescence (age period 10à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬12) significantly predicted development of anxiety symptoms in adolescence (age period 10à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬17 years) [24]. Data also supports a strong , positive correlation between involvement in bullying and development in anxiety symptoms in younger children, in grades five through eight [25], and students age12-17 [26]. Bullying and substance and alcohol abuse and dependence: Finally, research has consistently demonstrated that subjects involved in bullying are more likely to use alcohol and illicit psychoactive substances. In one large sample, it was shown that substance use and bullying behaviors co-occurred among 5.4% of adolescents in the United States [27]. Another study, a nationally representative survey of U.S. children in 6thà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬10th grades, found that alcohol use was associated with increased odds of bullying [28]. A study that consisted of adolescents aged 12à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬17, who were admitted to an inpatient psychiatry unit showed that the use of any substance (i.e.,tobacco, alcohol and drugs) was generally more common among bullies [29]. Finally, a large study based on schoolchildren demonstrated that students who were engaged in bullying were more likely to be smokers and to have had a history of alcohol use [30].

Biography Of Charles Dickens :: essays research papers

Biography of Charles Dickens There is something about Charles Dickens' imaginative power that defies explanation in purely biographical terms. Nevertheless, his biography shows the source of that power and is the best place to begin to define it.   Ã‚  Ã‚  Ã‚  Ã‚  The second child of John and Elizabeth Dickens, Charles was born on February 7, 1812, near Portsmouth on England's south coast. At that time John Dickens was stationed in Portsmouth as a clerk in the Navy Pay Office. The family was of lower-middle-class origins, John having come from servants and Elizabeth from minor bureaucrats. Dickens' father was vivacious and generous but had an unfortunate tendency to live beyond his means. his mother was affectionate and rather inept in practical matters. Dickens later used his father as the basis for Mr. Micawber and portrayed is mother as Mrs. Nickleby in A Tale of Two Cities. After a transfer to London in 1814, the family moved to Chatham, near Rochester, three years later. Dickens was about five at the time, and for the next five years his life was pleasant. Taught to read by his mother, he devoured his fathers' small collection of classics, which included Shakespeare, Cervantes, Defoe, Smollet, Fielding, and Goldsmith. These left a permanent mark on his imagination; their effect on his art was quite important. dickens also went to some performances of Shakespeare and formed a lifelong attachment to the theater. He attended school during this period and showed himself to be a rather solitary, observant, good-natured child with some talent for comic routines, which his father encouraged. In retrospect Dickens looked upon these years as a kind of golden age. His first novel, The Pickwick Papers, is in part an attempt to recreate their idyllic nature: it rejoices in innocence and the youthful spirit, and its happiest scenes take place in that precise geographical area.   Ã‚  Ã‚  Ã‚  Ã‚  In the light of the family's move back to London, where financial difficulties overtook the Dickens's, the time in Chatham must have seemed glorious indeed. The family moved into the shabby suburb of Camden Town, and Dickens was taken out of school and set to menial jobs about the household. In time, to help augment the family income, Dickens was given a job in a blacking factory among rough companions. At the time his father was imprisoned for debt, but was released three months later by a small legacy. Dickens related to his friend, John Forster, long afterward, that he felt a deep sense of abandonment at this time; the major themes of his novels can be traced to this period. His sympathy for the victimized, his fascination with prisons and money, the desire

Computers And Finance :: essays research papers fc

Computers have made financial bookkeeping much easier, and people no longer have to spend hours tracking investments or pay someone else to do their taxes. Moreover, the advancement in technology has allowed governments to cut back on the number of big companies and employees hired to process tax returns, resulting in the saving of millions of dollars. Although these advancements are extraordinary, they are not without their shortcomings. The IRS has had increased trouble in tracking fraudulent tax returns, and has had to revamp its detection system. The most surprising part of Microsoft's current purchase of Intuit, the maker of the Quicken line of personal finance software was not the $1.5 billion price, which was fifty percent over the market value (Schlender 14). It was not even the fact that Bill Gates, America's richest entrepreneur, is in a position to become America's richest banker (14). The most surprising thing was that it did not happen earlier (14). For years Gates has had a dream of putting "electronic commerce at the core of personal computing," and now he finally has the software to accompany that dream (14). His idea includes a "Wallet PC" that can be carried around with people at all times (14). Microsoft believes that it can provide what executive VP Mike Maples refers to as a "whole new value chain" that will allow customers to interact by modem with banks, insurance companies, pension funds, etc. (14). Quicken is already being used by six million people to pay bills, manage credit, write checks, and handle taxes (14). For those of you scoring at home, it has 5.2 million more users than Microsoft's Money software (14). That is a prime reason that Gates basically wanted to give up the product and donate it to his competitor Novell (14). Programs such as Quicken are excellent for keeping track of what is spent at home, but can be a big hassle for keeping track of the money spent on business trips (Baig 20). One way to solve the problem would be to carry a notebook computer with Quicken on it, but as Edward Baig states "It's just not practical to boot up a laptop each time I step out of a taxi" (20). Intuit has released Pocket Quicken, a "Quicken Lite" for those who carry around digital assistants to help alleviate that problem (20). Pocket Quicken is built into the new Hewlett-Packard 200LX palmtop, the Tandy/Casio Zoomer PDA's, and the AST Gridpad 2390, but is not sold as a separate product just yet (20). Computers And Finance :: essays research papers fc Computers have made financial bookkeeping much easier, and people no longer have to spend hours tracking investments or pay someone else to do their taxes. Moreover, the advancement in technology has allowed governments to cut back on the number of big companies and employees hired to process tax returns, resulting in the saving of millions of dollars. Although these advancements are extraordinary, they are not without their shortcomings. The IRS has had increased trouble in tracking fraudulent tax returns, and has had to revamp its detection system. The most surprising part of Microsoft's current purchase of Intuit, the maker of the Quicken line of personal finance software was not the $1.5 billion price, which was fifty percent over the market value (Schlender 14). It was not even the fact that Bill Gates, America's richest entrepreneur, is in a position to become America's richest banker (14). The most surprising thing was that it did not happen earlier (14). For years Gates has had a dream of putting "electronic commerce at the core of personal computing," and now he finally has the software to accompany that dream (14). His idea includes a "Wallet PC" that can be carried around with people at all times (14). Microsoft believes that it can provide what executive VP Mike Maples refers to as a "whole new value chain" that will allow customers to interact by modem with banks, insurance companies, pension funds, etc. (14). Quicken is already being used by six million people to pay bills, manage credit, write checks, and handle taxes (14). For those of you scoring at home, it has 5.2 million more users than Microsoft's Money software (14). That is a prime reason that Gates basically wanted to give up the product and donate it to his competitor Novell (14). Programs such as Quicken are excellent for keeping track of what is spent at home, but can be a big hassle for keeping track of the money spent on business trips (Baig 20). One way to solve the problem would be to carry a notebook computer with Quicken on it, but as Edward Baig states "It's just not practical to boot up a laptop each time I step out of a taxi" (20). Intuit has released Pocket Quicken, a "Quicken Lite" for those who carry around digital assistants to help alleviate that problem (20). Pocket Quicken is built into the new Hewlett-Packard 200LX palmtop, the Tandy/Casio Zoomer PDA's, and the AST Gridpad 2390, but is not sold as a separate product just yet (20).

Mussolini and Hitler Essay -- essays research papers

Benito Mussolini and Adolf Hitler As World War II (WWII) approached, Mussolini announced his intention of annexing Malta, Corsica, and Tunis. He spoke of creating a "New Roman Empire" that would stretch east to Palestine and south through Libya and Egypt to Kenya. In April 1939, after a brief war, he annexed Albania, a campaign which strained his military. His armed forces are generally considered to have been unprepared for combat when the German invasion of Poland led to World War II. Mussolini thus decided to remain 'non-belligerent' until he was quite certain which side would win. On June 10, 1940, as the Germans under General Guderian reached the English Channel, Mussolini declared war on Britain and France. In October, Italy attacked Greece and lost in result 1/3 of Albania, until Germany attacked Greece as well. In June 1941, he declared war on the Soviet Union and in December he declared war on the United States. Following Italian defeats on all fronts and the Anglo-American landing in Sicily in 1943, most of Mussolini's colleagues (Count Galeazzo Ciano, the foreign minister and also Mussolini's son-in-law, included) turned against him at a meeting of the Fascist Grand Council on July 25, 1943. King Vittorio Emanuele III called Mussolini to his palace and stripped the dictator of his power. Upon leaving the palace, Mussolini was swiftly arrested. He was then sent to Gran Sasso, a mountain recovery in central Italy (Abruzzo), in complete isolation. Mussolini was subst...

Math Paper

Derp university Derp derpington Human Resource Management Research Paper is Business Mathematics 101 1st Tri Semester SY 2011-2012 Ms. derpina derp TABLE OF CONTENTS TITLE PAGE ACKNOWLEDGEMENTii TOPICS Simple Discount1 Simple Interest2 Four types of Interest available3 Compounded Amount and Compound Interest4 Linear Programming Problems * Maximization6 * Minimization8 Forecasting by Trend Projection10 Acknowledgement I would like to thank God for guiding and giving me motivation to do this math research paper; my friends for answering my questions about this paper; Dr. Masajo for giving me the opportunity to gain more knowledge; and my mother to constantly remind me to do better in college. I would like to thank my mentor, Ms. Grace Chong, for being my mentor and to aid me in my college life. Simple Discount Find the present value of $3800 due in 6 months at 7% discount rate. A) F = $3800 d = 7% = . 07 t = 6 / 12 = 1/2 Formula: D = Fdt Solution: D = $3800 (. 07) (1/2) D = $133 P = F – D P = $3800 – $133 P = $3667 Discount $2056. 80 for 85 days at a discount rate of 6 ? % B) F = 2056. 80 d = 6 ? % = . 065 t = 85 / 360 = 17 / 72 years Formula: D = Fdt Solution: D = $2056. 80 (. 065) (17/72) D = $31. 57 P = F – D P = $2056. 80 – $31. 57 P = $2025. 13 Simple Interest Find simple interest on $10,000 at the rate of 5% for 5 years. Also find the amount for 5 years. A) P = $10,000 R = 5% = . 05 T = 5 years = n = 5 I = PRT I = $10,000 (. 05) (5) I = $2500 A = P + I A = $10,000 + $2500 A = $12,500 Find simple interest on $15,600 for 1 ? years at the rate of 8% per annum. Also find total amount. B) P = $15,600 R = 8% = . 08 T = 1 ? = n = 1 ? I = PRT I = $15,600 (. 08) (1? ) I = $1872 A = P + I A = $15,600 + $1872 A = $17472 4 Types of Interest Available Find the different interest on $1000 at 6% from June 23 2011 to September 21 2015. A) Approximate number of days: Year: 2015 – 2011 = 4 Month: 8 – 6 = 2 Days: 51 – 23 = 28 4 x 360 = 1440 2 x 30 = 60 28 = 28 = 1528 Days B) Actual Number of days: 4 years x 365 days = 1463 days January 30 – June 23 = 173 days January 30 – September 21 = 263 days 1463 Days – 173 days = 1287 days 1287 Days + 263 days = 1550 days = 1550 days C) Io interest for approximate number of days: Io = PRT = $1000 (. 06) (1528/360) Io = $254. 67 D) Ie interest for approximate number of days: Ie = PRT = $1000 (. 06) (1528/365) Ie = $251. 8 E) Io interest for actual number of days: Io = PRT = $1000 (. 06) (1550/360) Io = $258. 33 F) Ie Interest for actual number of days: Ie = PRT = $1000 (. 06) (1528/365) Ie = $254. 79 Compounded amount and Compounded interest Find the Compounded amount and compounded interest of $1000 at 7% for 3 years A) B) Compounded Annually P = $1000 R = 7% = . 07 T = 3 years = N = 3 x 1 = 3 A = P (1+i) ^ n A = $1000 (1+0. 7) ^ 3 A = $1225. 043 I = A – P I = $1225. 043 – $1000 I = $225. 043 C) Compounded Semi – Annually P = $1000 R = 7 / 2 % = 3. 5 = . 035 T = 3 years = N = 3 x 2 = 6 A = P (1+i) ^ n A = $1000 (1+0. 5) ^ 6 A = $1229. 36 I = A – P I = $1229. 36 – $1000 I = $229. 36 D) Compounded Quarterly P = $1000 R = 7 / 4% = 1. 75 = . 0175 T = 3 years = N = 3 x 4 = 12 A = P (1+i) ^ n A = $1000 (1+0. 175) ^ 12 A = $1231. 44 I = A – P I = $1231. 44 – $1000 I = $231. 44 E) Compounded Monthly P = $1000 R = 7 / 12% = . 5833 = . 00583 T = 3 years = N = 3 x 12 = 36 A = P (1+i) ^ n A = $1000 (1+. 00583) ^ 36 A = $1232. 78 I = A – P I = $1232. 78 – $1000 I = $232. 78 Compounded amount and Compounded interest Find the Compounded amount and compounded interest of $1500 at 5% for 3 years A) B) Compounded Annually P = $1500 R = 5% = . 05 T = 3 years = N = 3 x 1 = 3 A = P (1+i) ^ n A = $1500 (1+. 05) ^ 3 A = $1736. 4375 I = A – P I = $1736. 4375 – $1500 I = $236. 4375 C) Compounded Semi – Annually P = $1500 R = 5 / 2 % = 2. 5 = . 025 T = 3 years = N = 3 x 2 = 6 A = P (1+i) ^ n A = $1500 (1+. 025) ^ 6 A = $1739. 540127 I = A – P I = $1739. 540127 – $1500 I = $739. 540127 D) Compounded Quarterly P = $1500 R = 5 / 4% = 1. 25 = . 0125 T = 3 years = N = 3 x 4 = 12 A = P (1+i) ^ n A = $1500 (1+. 0125) ^ 12 A = $1741. 131777 I = A – P I = $1741. 131777 – $1500 I = $741. 131777 E) Compounded Monthly P = $1500 R = 5 / 12% = . 41666 = . 00416 T = 3 years = N = 3 x 12 = 36 A = P (1+i) ^ n A = $1500 (1+. 00416) ^ 36 A = $1741. 792 I = A – P I = $1741. 792 – $1500 I = $741. 792 Linear Programming Problems (Maximization) Levi’s Jeans manufacturing company purchase2 styles of jeans, style X and style Y, which sell for $90 and $75 appropriately. Unit production test for style X is $40 and for style Y $35. Raw materials available monthly are 90 meters while processing time at a max of 70 hours per week. Style X jeans made 3 meters of materials and 2 for processing them. For style Y, 2 meters and 2 for processing. Style X market demand is no more than 40 per week. How many of each style should be produced in each week in order to make profit maximum? | Style X| Style Y| Total Available| RM| 3| 2| 90| PT| 2| 2| 70| MD| 40| | | | Style X| Style Y| USP| $90| $75| UPE| 40| 35| UBM| $50| $40| Composition of linear programming problems: I. Decision Variable X = Number of style X to be produced weekly Y = Number of style Y to be produced weekly II. Objective Function Maximum Profit (Z): Z = $50X+$40Y III. Subjects & Constraints: RM = 3X+2Y < 90PT = 2X+2Y < 70 MD = X < 40X; Y > 0 IV. Graphical Solutions A) By intercept B) Graphical presentations and points A intersection between 2 lines C) Testing the curve of the convex polygon formed form the objective function V. Decision Raw Materials: 3X+2Y < 90 X = 30 Y = 45 Processing Time: 2X+2Y < 70 X = 35 Y = 35 Market Demand: X = 40 A) Z = $50X + $40Y = $50(0) + $40(35) =$1400 B) Z = $50X + $40Y = $50(20) + $40(75) =$1600 C) Z = $50X + $40Y = $50(30) + $40(0) =$1500 Choose B. Decision: The Levi’s manufacturing company must produce 20 pieces of style X and 50 pieces of style Y to have a maximum profit of $1600. Linear Programming Problems (Minimization) Mrs. Smith mining company owns two mines grading ores graded into 3 classes. High grade (H), Medium grade (M) and low grade (L). The company is tied with a contract to provide a smelting plant with 12 tons of (H), 8 tons of (M), and 24 tons of (L) per week. It costs $2000 per day to run mine 1 and $1600 per day to run mine 2. In a day operation, Mine 1 produces 6 tons of (H), 2 tons of (M) and 4 tons of (L). While mine 2 produces 2 tons of (H); 2 tons of (M) and 12 tons of (L). How many days a week should each mines operation to fulfil company’s commitment most economically? | Mine 1| Mine 2| Total Available| H| 6| 2| 12| M| 2| 2| 8| L| 4| 12| 24| Cost| $2000| $1600| | I. Decision Variables: X = Number of days to run mine 1 Y = Number of days to run mine 2 II. Objective Functions: Minimum Cost = $2000X + $1600Y III. Subjects to Constraints: H = 6X + 2Y > 12 M = 2X + 2Y > 8 L = 4X + 12Y > 24 X; Y < 0 IV. Graphical Solutions H = 6X + 2Y > 12M = 2X + 2Y > 8L = 4X + 12Y > 24 X = 2 Y = 6X = 4 Y = 4X = 6 Y = 2 P1 (0,6) Min C = $2000(0) + $1600(6) = $9600 P2 (1,3) Min C = $2000(1) + $1600(3) = $6800 P3 (3,1) Min C = $2000(3) + $1600(1) = $7600 P4 (6,0) Min C = $2000(6) + $1600(0) = $12000 Choose P2 V. Decision: Mrs. Smith’s mining company should run mine 1 for 1 day and Mine 2 for 3 days in order to have a minimum cost of $6800. Forecasting by Trend Projection Forecast and graph the production of rice in the Philippines for the years 2012 and 2015 of the annual production of rice from year 2000 to year 2010. Year (N)| Production of Rice (Y)| X| XY| Y’| X^2| 2000| 20| 0| 0| | 0| 2001| 22| 1| 22| | 1| 2002| 18| 2| 36| | 4| 2003| 19| 3| 57| | 9| 2004| 21| 4| 84| | 16| 2005| 24| 5| 120| | 25| 2006| 22| 6| 132| | 36| 2007| 26| 7| 182| | 49| 2008| 28| 8| 224| | 64| 2009| 25| 9| 225| | 81| 010| 30| 10| 300| | 100| | ? (Y) = 255| ? (X) = 55| ? (XY)=1382| | ? (X^2) = 385| 2 Normal Equations: ?(Y) = NA + B? (X)Equation 1 ?(XY) = A? (X) + B? (X^2)Equation 2 Solve for B) 255 = 11A + 55B (-5) 1382 = 55A + 385B -1275 = -55A – 275B 1382 = 55A + 385B 107 /100 = 110B /100 B = . 97272727 Solve for A) 255 = 11A + 55B 11A + 55B = 255 11A +55(. 97272727) = 255 11A + 5 3. 5 = 255 11 A = 255 – 53. 5 11A /11 = 201. 5 /11 A = 18. 31818182 A = 18. 32 B = 0. 97 Formula Y’ = A+Bx Year 2000 = 18. 32 + 0. 97(0) Y’ = 18. 32 Year 2001 = 18. 32 + 0. 97(1) Y’ = 19. 29 Year 2002 = 18. 32 + 0. 92(2) Y’ = 20. 6 Year 2003 = 21. 23 Year 2004 = 22. 2 Year 2005 = 23. 17 Year 2006 = 24. 14 Year 2007 = 25. 11 Year 2008 = 26. 08 Year 2009 = 27. 05 Year 2010 = 28. 02 In the table: Year (N)| Production of Rice (Y)| X| XY| Y’| X^2| 2000| 20| 0| 0| 18. 32| 0| 2001| 22| 1| 22| 19. 29| 1| 2002| 18| 2| 36| 20. 26| 4| 2003| 19| 3| 57| 21. 23| 9| 2004| 21| 4| 84| 22. 2| 16| 2005| 24| 5| 120| 23. 17| 25| 2006| 22| 6| 132| 24. 14| 36| 2007| 26| 7| 182| 25. 11| 49| 2008| 28| 8| 224| 26. 08| 64| 2009| 25| 9| 225| 27. 05| 81| 2010| 30| 10| 300| 28. 02| 100| | ? (Y) = 255| ? (X) = 55| ? (XY)=1382| | ? (X^2) = 385|

Evils of War Essay

There is no doubt that war is an evil one. It is the greatest catastrophe that can befall human beings. It brings death and destruction, merciless slaughter and butchery, disease and starvation, poverty and ruin in its wake. A particularly disturbing side of modern wars is that they tend to become global so that they may engulf the entire world. But though war is an evil, we must recognize the fact that it is a necessary, inescapable evil. A glance at the past history of the world will show war has been a recurrent phenomenon in the history of nations. We have had wars of all types wars lasting for a year or so and a war lasting for hundred years. Clashes of arms have always occurred. In a world war has ways been waged. War has indeed, been such a marked feature of every age and period. This has come to be regarded as part of The normal life of nations. Poet and prophets have dreamt of a millennium – an utopia in which war will not exist and eternal peace will reign on earth, but these dreams have not been fulfilled. The occurrence the Second World War however, conclusively proved that to think of an unbroken peace’s to be unrealistic and that no institution or assembly can ever ensure the presence of peace. The United Nations Organisation, with all the good work that it has seen doing, is not proving as effective as was desired. A large number of wars, The most recent ones behind the one in Vietnam, the other between India and Pakistan, or Ind-China war, Iran-Iraq war or Arab Isreal war. The fact of the matter is that, fighting is a natural instinct in peace. It is, indeed, too much to exact so many nations to live in a state of eternal peace. Besides, there will always be wide differences of option between various nations, different angle of looking at matters that have an international importance, radical difference in policy and ideology and they cannot be settled by mere discussion so that resort to war becomes very necessary in these cases.