1. Use the web to investigate and summarize commercially available soft- ware solutions for…

1. Use the web to investigate and summarize commercially available soft-ware solutions for healthcare organizations.2. This problem uses information from a data set available on the compan-ion web site. The data set contains the raw data as well asreduced/reorganized data for ease of analysis.Use the forecasting template found on the companion web site orMinitab to forecast total U.S. healthcare expenditures for 2010 usingSMA, WMA, SES, trend-adjusted (or double) exponential smoothing,and linear trend.a. Which model do you believe gives the best forecast?b. Do you see any problems with your model?c. Repeat the above for hospital care, physician services, other profes-sional services, dental services, home health care, prescription drugs,and other. Is any one of these driving the increase in healthcareexpense?3. The Excel inventory template found on the companion web site maybe helpful for this problem. An Excel spreadsheet with data forthe problem can also be downloaded from ache.org/books/OpsManagement.Hospital purchasing agent Abby Smith needs to order examinationgloves. Currently, she orders 1,000 boxes of gloves whenever she thinksthere is a need. Abby has heard that there is a better way to do this andwants to use EOQ to determine how much to order and when. She col-lects the following information.Cost of gloves:Carrying costs:Cost of ordering:Lead time:Annual demand:$4.00/box33%, or $__________/box$150/order10 days10,000 boxes/year

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