simulation paper.docx - 1 Simulation Paper Tammy Sylvia...

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1 Simulation Paper Tammy Sylvia HSC/405 September 11, 2017 Regina Robinson
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2 Simulation Paper Phase one: Capital Shortage The first cost cutting option I selected was downsizing staff, and reducing agency staff. I felt that if I reduced the size of staff it would increase the closing cash balance. It did do that specific action that I wanted but by reducing both downsizing staff and reducing agency staff, I received the message of it was ” Badly Affected”. I knew I would have to go back and change at least one of them. I decided to take the downsizing staff off affecting the closing cash balance a good amount but I knew by taking the advice of both parties of the CEO and the Vice President some changes needed to be made. I then decided to add reducing length of stay, hopefully not neglected patient care while still retaining some closing cash balance. I choose option 1 for my loan option because although I paid a little more out in interest, I saved more as well. The working capital shortage was completely blank, and my total revenue for the first quarter was half of my expenses but I made up for it for the next three quarters. Phase Two: Funding Options for Equipment Acquisition The cost effective solutions for the high speed scanner, x-ray machine and ultrasound system took some time. I took the advice of the CEO, radiologist, and CFO in mind when making these decisions. This was a daunting task and I tried to look at buying them in each different category. The first category I tried was buying all the
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