PubMed Health⌕ Search
Home/Archive/PubMed

PubMed · 8998023

A cost estimation model for measuring professional practice.

P A Witzel·G L Ingersoll·A W Schultz·S A Ryan
View original source ↗Export metadata ↓

Abstract

A cost estimation model was developed to monitor the effect of an enhanced professional practice model on cost to the institution. The model detected differences across units and changes in unit activities. One unit's cost savings were greater than the others and this difference was believed to be related to stable leadership over the course of the study.

Explore related subjects

Cost SavingsCost-Benefit AnalysisDecision Making, OrganizationalHumansJob SatisfactionModels, EconomicModels, NursingNursing Staff, HospitalClinical TrialControlled Clinical TrialJournal ArticleMulticenter StudyResearch Support, Non-U.S. Gov'tResearch Support, U.S. Gov't, P.H.S.

Keep this discovery

Explore connections, maps & timelines

BibTeXRIS

P A Witzel, G L Ingersoll, A W Schultz, S A Ryan. A cost estimation model for measuring professional practice.. https://pubmed.ncbi.nlm.nih.gov/8998023/

Cite the original work for its findings. Save a collection to share your selection of sources.

KEEP EXPLORING

Related citations

PubMed2000

Risk informed resource allocation policy: safety can save costs.

During economic doldrums, decision making on investments for safety is even more difficult than it already is when funds are abundant. This paper attempts to offer some guidance. After stating the present challenge to prevention of losses in the process industries, the systematic approach of quantified risk assessment is briefly reviewed and improvements in the methodology are mentioned. In addition, attention is given to the use of a risk matrix to survey a plant and to derive a plan of action. Subsequently, the reduction of risk is reviewed. Measures for prevention, protection, and mitigation are discussed. The organization of safety has become at least as important as technical safety of equipment and standards. It is reflected in the introduction of a safety management system. Furthermore, the design process in a pro-active approach is described and the concept of inherent safety is briefly addressed. The concept of Layer of Protection Analysis is explained and also the reason why it is relevant to provide a cost-benefit analysis. Finally, after comments regarding the cost of accidents, the basics of costing and profitability are summarized and a way is suggested to apply this approach to risk-reducing measures. An example is provided on how a selection can be made from a number of alternatives.

Cost Savings↗
PubMed2000

Production economics analysis of investment initiated to improve working environment.

This article describes the results of an evaluation of a new work place for ladle preparation at Swedish Steel in Luleå, Sweden. The company initiated a development project related to ladle service work, in order to come to grips with the difficult working environment and problems associated with absenteeism due to illness and occupational injuries. The evaluation was performed for the first three years after implementation of the project and it shows that the new work place considerably improved working conditions and increased both the quality and efficiency of production. The purpose of this article is also to discuss some methodological problems. The follow-up of the various changes in working environment and personnel statistics was fairly simple to carry out. But in terms of production effects, the company's in-house production follow-up system proved to be too unspecified and oversimplified. It was also difficult to decide which changes should count as effects of the new work place and to value these in monetary terms. The profitability calculation shows that an investment initiated to improve the working environment can yield good profitability.

Cost Savings↗