Chapter Exercises
- VVH is considering a pharmacy-managed medication assistance pro-
gram. This program would help patients who are unable to afford phar-
maceuticals obtain free drugs from pharmaceutical manufacturers. VVH
would save the cost of the drugs but incur costs to manage the pro-
gram, and the organization would like to know if the program would
be cost beneficial. VVH believes that between 60 and 120 patients will
use this program, with equal probability over this range (a uniform dis-
tribution); the average value of a patient’s drugs obtained per year will
most likely be $200, but could be as low as $0 or as high as $1,000 (a
triangular distribution). The time to administer the program is expected
to follow a normal distribution, with a mean of four hours per week and
a standard deviation of 0.5 hour per week (but never less than zero
hours). VVH also believes that there is an 80 percent probability the
program could be administered by pharmacy research fellows who
receive wages and benefits of $30 per hour, but hospital pharmacists
may need to administer the program ($60 per hour wages and benefits).
Analyze this situation using @Risk. What should VVH do? Why?
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