PubMed Health⌕ Search

Biomedical subjects

Thomas P Joseph

Publications and source records attributed to Thomas P Joseph.

3 recordsLinked to original sources

Using Monte Carlo simulation to assess and manage risk in the clinical laboratory.

Managers often are asked to consider opportunities that involve risks. Traditional approaches to evaluating uncertainty fall short of providing a comprehensive view of possible outcomes. Risk analysis techniques using Monte Carlo simulation offer a more sophisticated approach that can help the manager better understand and manage those risks. This article discusses the advantages of using risk analysis and provides three illustrations of how this approach can aid in decisionmaking in the clinical laboratory setting.

Capitation Fee↗