IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v35y1987i5p684-703.html
   My bibliography  Save this article

An Integrated Budget Model for Medical School Financial Planning

Author

Listed:
  • Margaret L. Brandeau

    (Stanford University, Stanford, California)

  • David S. P. Hopkins

    (Stanford University, Stanford, California)

  • Kenneth L. Melmon

    (Stanford University, Stanford, California)

Abstract

This paper presents a financial planning model for medical school departments that integrates manpower and funding elements with the school's teaching, research, and patient care activities. The model tracks revenue, expense, and faculty effort in each of the three primary medical school activities and estimates, for any given change in the amount or configuration of faculty effort among these activities, the associated financial effects on both the institution and the individuals themselves over a one- to five-year planning horizon. One innovative feature of the model is that it incorporates economically based functions that capture the effect on revenue of factors such as faculty “effort,” price increases, demand elasticity, market saturation, and changes in number of faculty members. We describe the implementation of the model for a major department at Stanford University Medical School (SUMS), and explore a number of sample policy issues, using data from that department as well as from another department at SUMS. We also describe the implementation of the model in evaluating the financial effects of a proposed organ transplantation program at SUMS.

Suggested Citation

  • Margaret L. Brandeau & David S. P. Hopkins & Kenneth L. Melmon, 1987. "An Integrated Budget Model for Medical School Financial Planning," Operations Research, INFORMS, vol. 35(5), pages 684-703, October.
    • Handle: RePEc:inm:oropre:v:35:y:1987:i:5:p:684-703
    DOI: 10.1287/opre.35.5.684
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.35.5.684
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.35.5.684?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Johnes, Jill, 2015. "Operational Research in education," European Journal of Operational Research, Elsevier, vol. 243(3), pages 683-696.
    2. Margaret L. Brandeau, 2016. "Creating impact with operations research in health: making room for practice in academia," Health Care Management Science, Springer, vol. 19(4), pages 305-312, December.
    3. Fiona Lee & Amy C. Edmondson & Stefan Thomke & Monica Worline, 2004. "The Mixed Effects of Inconsistency on Experimentation in Organizations," Organization Science, INFORMS, vol. 15(3), pages 310-326, June.

    More about this item

    Keywords

    143; 271 medical school financial planning;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:35:y:1987:i:5:p:684-703. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.