Chapter Exercises1. 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. VVHwould save the cost of the drugs but incur costs to manage the pro-gram, and the organization would like to know if the program wouldbe cost beneficial. VVH believes that between 60 and 120 patients willuse this program, with equal probability over this range (a uniform dis-tribution); the average value of a patient’s drugs obtained per year willmost likely be $200, but could be as low as $0 or as high as $1,000 (atriangular distribution). The time to administer the program is expectedto follow a normal distribution, with a mean of four hours per week anda standard deviation of 0.5 hour per week (but never less than zerohours). VVH also believes that there is an 80 percent probability theprogram could be administered by pharmacy research fellows whoreceive wages and benefits of $30 per hour, but hospital pharmacistsmay 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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Chapter Exercises 1. VVH is considering a pharmacy-managed medication assistance pro- gram. This… 1 answer below »