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week 6 HC 402-8: Organizational Development and Leadership in healthcare

May 19, 2023

Unit 6 Assignment – Case Study

Due
Sunday by
11:59pm
Points
90
Submitting
a text entry box or a file upload

Estimated time to complete: 90 minutes

Instructions

Watch the media presentation describing a Game Theory Scenario: the Prisoners’ Dilemma.
Read the Case Studies found under Assignment Files below.
Pick one of the case studies to analyze. Set-up the analysis by
using a similar matrix to what has been shown in the presentation (and
script).
Discuss the possible decisions that could be made and the outcomes that could occur with each decision.
This application assignment should be uploaded as a Word document of
at least 350 words. Correct APA style should be used. At least one
citation should be added.

Assignment Files

Unit 6 Game Theory Scenario Audio [MP4]

Unit 6 Game Theory Scenario Transcript [Word Document]

New Drug Therapies for Weight Loss Case Study [Printable PDF]

Nursing Home Bed Vacancies Case Study [Printable PDF]

The Cost of Nursing Home Beds Case Study [Printable PDF]

The Development of Competing MRI Services Case Study [Printable PDF]

Rubric

HC402 Unit 6 Assignment – Case Study

Criteria

Ratings

Pts

This criterion is linked to a Learning Outcome
Content

30.0
pts
Level 5

Demonstrates
the ability to construct a clear and insightful problem
statement/thesis statement/topic statement with evidence of all relevant
contextual factors.

27.0
pts
Level 4

Demonstrates
the ability to construct a problem statement, thesis statement/topic
statement with evidence of most relevant contextual factors, and problem
statement is adequately detailed.

24.0
pts
Level 3

Begins
to demonstrate the ability to construct a problem statement/thesis
statement/topic statement with evidence of most relevant contextual
factors, but problem statement is superficial.

21.0
pts
Level 2

Demonstrates
a limited ability in identifying a problem statement/thesis
statement/topic statement or related contextual factors.

18.0
pts
Level 1

Demonstrates the ability to explain contextual factors but does not provide a defined statement.

0.0
pts
Level 0

There is no evidence of a defined statement.

30.0 pts

This criterion is linked to a Learning Outcome
Analysis
PRICE-P

40.0
pts
Level 5

Organizes and compares evidence to reveal insightful patterns, differences, or similarities related to focus.

36.0
pts
Level 4

Organizes and interprets evidence to reveal patterns, differences, or similarities related to focus.

32.0
pts
Level 3

Organizes and describes evidence according to patterns, differences, or similarities related to focus.

28.0
pts
Level 2

Organizes evidence, but the organization is not effective in revealing patterns, differences, or similarities.

24.0
pts
Level 1

Describes evidence, but it is not organized and/or is unrelated to focus.

0.0
pts
Level 0

Lists evidence, but it is not organized and/or is unrelated to focus.

40.0 pts

This criterion is linked to a Learning Outcome
Writing

10.0
pts
Level 5

The
paper exhibits an excellent command of written English language
conventions. The paper has no errors in mechanics, grammar, or spelling.

9.0
pts
Level 4

The
paper exhibits a good command of written English language conventions.
The paper has no errors in mechanics or spelling with minor grammatical
errors that impair the flow of communication.

8.0
pts
Level 3

The
paper exhibits a basic command of written English language conventions.
The paper has minor errors in mechanics, grammar, or spelling that
impact the flow of communication.

7.0
pts

Level 2

The
paper exhibits a limited command of written English language
conventions. The paper has frequent errors in mechanics, grammar, or
spelling that impede the flow of communication.

6.0
pts
Level 1

The
paper exhibits little command of written English language conventions.
The paper has errors in mechanics, grammar, or spelling that cause the
reader to stop and reread parts of the writing to discern meaning.

0.0
pts
Level 0

The
paper does not demonstrate command of written English language
conventions. The paper has multiple errors in mechanics, grammar, or
spelling that cause the reader difficulty in discerning the meaning.

10.0 pts

This criterion is linked to a Learning Outcome
APA
PRICE-I

10.0
pts
Level 5

The required APA elements are all included with correct formatting, including in-text citations and references.

9.0
pts
Level 4

The required APA elements are all included with minor formatting errors, including in-text citations and references.

8.0
pts
Level 3

The required APA elements are all included with multiple formatting errors, including in-text citations and references.

7.0
pts
Level 2

The
required APA elements are not all included and/or there are major
formatting errors, including in-text citations and references.

6.0
pts
Level 1

Several
APA elements are missing. The errors in formatting demonstrate a
limited understanding of APA guidelines, in-text-citations, and
references.

0.0
pts
Level 0

There is little to no evidence of APA formatting and/or there are no in-text citations and/or references.

10.0 pts

Total Points:
90.0

Expert Solution Preview

Introduction:
Game theory is an important concept in the field of economics that helps individuals to understand strategic decision making and its consequences. In this assignment, we will be analyzing one of the case studies provided, using a similar matrix to what has been shown in the presentation of the Game Theory Scenario: the Prisoners’ Dilemma. We will be discussing the possible decisions that could be made and the outcomes that could occur with each decision.

Content:
The Nursing Home Bed Vacancies Case Study is one of the case studies that stand out for analysis. The scenario presented is that two nursing homes, A and B, have five vacancies each. The nursing homes are in competition with each other and must decide whether to lower their rates for long-term stays in order to attract new residents. However, if one nursing home lowers its rates and the other does not, the nursing home that did not lower the rate would still have all of its beds filled and the nursing home that lowered its rates would lose revenue.

Using an analysis similar to the matrix shown in the Game Theory Scenario presentation, we can identify the different outcomes that could occur. If both nursing homes do not lower their rates, they will end up with the same number of residents and the same revenue. However, if one nursing home decides to lower its rates and the other does not, the nursing home that lowered the rate will attract more residents and generate more revenue. On the other hand, the nursing home that decided not to lower its rates will see a decline in revenue due to vacant beds.

Therefore, if both nursing homes decide to lower their rates, they will end up losing revenue due to the lower rates. Hence, the best decision would be to not lower the rates and face the possibility of losing revenue due to vacant beds. The outcome of neither nursing home lowering the rates might be the best decision for both, but it requires a mutual agreement between the two nursing homes.

Conclusion:
In conclusion, game theory provides a helpful approach to decision making in situations that involve competition, between two or more parties. In analyzing the Nursing Home Bed Vacancies Case Study, it is evident that mutual agreement between the two nursing homes on setting a mutually acceptable price that ensures profitability and reduces the possibility of losing revenue due to vacant beds is the best option.

Development, Healthcare, Leadership, Organizational, Week

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week 6 HC 402-8: Organizational Development and Leadership in healthcare

Unit 6 Assignment – Case Study

Instructions

Assignment Files

Rubric

Expert Solution Preview

Share This Post

Related Questions

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