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Best Byte, a major online consumer electronics retailer with a central depot in Surrey, BC, purchases a steady-selling video-casting device called Chromescreen from the manufacturer at $40/unit. The weekly demand for Chromescreen is steady at 60 units. The fixed ordering cost for Chromescreen is $100 per order and the annual holding cost rate is 25% of the unit purchasing cost. Assume 52 weeks/year.

A. Currently,Best Byte is implementing an EOQ policy forChromsecreen.Determine the order quantity and the total annual inventory-related cost (TC).

Order quantity:

TC:

3

B. Suppose, Best Byte has developed an IT system, which simplified its order fulfillment process and lowered its fixed ordering cost by 50%. Select the impact of this change on the following measures for Chromescreen. No explanations needed. Assume other parameters remain the same.

EOQ:increase decrease no changes

Number of orders/yr:increase decrease no changes

Total inventory-related cost: increase decrease no changes

 
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You are a new graduate nurse just finishing your 3-month probation period at your fi rst job in acute care nursing. You have been working closely with a preceptor; however, he has been gradually transitioning you to more independent practice. You now have your own patient care assignment and have been giving medications independently for several weeks. Today, your assignment included an elderly confused patient with severe coronary disease. Her medications include antihypertensives, antiarrhythmics, and beta blockers. It was a very busy morning, and you have barely had a moment to reorganize and collect your thoughts. It is now 2:30 PM, and you are preparing your end-of-shift report. When you review the patient’s 2:00 PM vital signs, you note a significant rise in this patient’s blood pressure and heart rate. The patient, however, reports no distress. You remember that when you passed the morning medications, the patient was in the middle of her bath and asked that you just set the medications on the bedside table and that she would take them in a few minutes. You meant to return to see that she did but were sidetracked by a problem with another patient. You now go to the patient’s room to see if she indeed did take the pills. The pill cup and pills are not where you left them, and a search of the wastebasket, patient bed, and bedside table yields nothing. The patient is too confused to be an accurate historian regarding whether she took the pills. No one on your patient care team noticed the pills. At this point, you are not sure what you should do next. You are frustrated that you did not wait to give the medications in person but cannot change this now. You charted the medications as being given this morning when you left them at the bedside. You are reluctant to report this as a medication error since you are still on probation and you are not sure that the patient did not take the pills as she said she would. Your probation period has not gone as smoothly as you would have liked anyway, and you are aware that reporting this incident will likely prolong your probation and that a copy of the error report will be placed in your personnel fi le. The patient’s physician is also frequently short tempered and will likely be agitated when you report your uncertainty about whether the patient received her prescribed medications. The reality is that if you do nothing, it is likely that no one will ever know about the problem. You do feel responsible, however, for the patient’s welfare. The physician might want to give additional doses of the medication if indeed the patient did not take the pills. In addition, the rise in heart rate and blood pressure has only just become apparent, and you realize that her heart rate and blood pressure could continue to deteriorate over the next shift. The patient is not due to receive the medications again until 9 PM tonight (b.i.d. every 12 hours). ASSIGNMENT: Decide how you will proceed. Determine whether you will use a systematic problem-solving model, intuition, or both in making your choices. How did your values, preferences, life experiences, willingness to take risks, and individual ways of thinking influence your decision?

 

 
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You are a nursing student. You are also HIV positive as a result of some high-risk behaviors you engaged in a decade ago. (It seems like a lifetime ago.) You are now in a committed, monogamous relationship and your partner is aware of your HIV status. You have experienced relatively few side effects from the antiretroviral drugs you take and you appear to be healthy. You have not shared your sexual preferences, past history, or HIV status with any of your classmates, primarily because you do not feel that it is their business and because you fear being ostracized in the local community, which is fairly conservative. Today, in the clinical setting, one of the students accidentally stuck herself with a needle right before she injected it into a patient. Laboratory follow-up was ordered to ensure that the patient was not exposed to any blood-borne disease from the student. Tonight, for the first time, you recognize that no matter how careful you are, there is at least a small risk that you could inadvertently expose patients to your bodily fluids and thus to some risk. ASSIGNMENT: Decide what you will do. Is there a need to share your HIV status with the school? With future employers? With patients? What determines whether there is “a need to tell” and a “need to know”? What objective weighted most heavily in your decision?

 

 
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In the following scenarios, determine whether an autocratic, democratic, or laissez-faire decision-making style would be most appropriate. Provide rationale for your choice that includes a discussion of the individuals involved, the environment, and the task to be completed. 1. You are the evening shift charge nurse of the intensive care unit. Your supervisor is sending two nurses from each shift to an upcoming critical care conference in a nearby city. The supervisor wants each charge nurse to submit names of the selected nurses in 2 weeks. All of the 12 fulltime evening shift nurses would like to go. From a staffing standpoint, there is no reason why any of them could not go. All are active in the local critical care organization. Financial resources, however, limit your choice to two. How do you resolve this situation? Select the most appropriate decision style. 2. You are the day shift charge nurse on a surgical unit. Because of your related expertise, your supervisor has asked you to select a new type of blood-warming unit. You want to be sure that you select the right one. Several companies have provided your staff with trial units. You have not received much feedback from the staff regarding their preferences, however, and you must submit your equipment request by 4 pm tomorrow. Select the most appropriate decision style. 3. You are the manager of a 30-bed medical unit. After consultation, you recently implemented a system for incorporating nursing diagnoses on the patient care plans. Although the system was expected to reduce report time between shifts and improve the quality of patient care, to everyone’s surprise, including your own, you find that the system is not working. You do not think that there is anything wrong with your idea. Many other hospitals in the areas are using nursing diagnoses with success. You had a consultant come from another hospital and give an update to your nurses on use of the system. The consultant reported that your staff seemed knowledgeable and appeared to understand their responsibilities in implementing the system. You suspect that a few nurses might be sabotaging your efforts for planned change, but your charge nurses do not agree. They believe that the failure may be lack of proper incentives or poor staff morale. Your nursing administrator is anxious to implement the system in other patient care units but wants it to be working well in your unit first. You have just come from a manager’s meeting where your administrator told you to solve the problem and report back to her within 1 week regarding the steps you had taken to solve your problem. You share your administrator’s concern, but how should you solve this problem? Select the most appropriate decision style.

 

 
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