What will be the factors in terms of benefits and costs to be considered to implement...

What will be the factors in terms of benefits and costs to be considered to implement a program for preparing for an epidemic in a metropolitan area?

Expert Solution

Any sorts of epidemic (like coronavirus disease) have some disaster tendency. In order to prevent it, preparation should be made in advance. Implementing a program is that preparation.

Benefits: following factors should be considered:

No.1) how much time is required for the program to be effective – suppose there is a lockdown program and it will take 21 days rigorously to be effective.

No.2) the benefit of minimizing casualty – suppose 80% casualty (spread of the disease) could be prevented through the lockdown program.

No.3) the benefit on economy – the epidemic will certainly disturb the economy but the chance of recovery is quick by the program.

Cost: following factors should be considered:

No.1) during the period of program (lockdown) how to arrange funds for sufferer or poor – there may be a “relief” fund.

No.2) cost for protection for doctors, nurses, and medical staffs, since they will be in the battle ground (fighting with the disease for making patients fit); therefore, they could be infected quickly.

No.3) cost for infrastructural facilities – like ambulance, medical kit, mask, etc.

Rahul Sunny answered 6 months ago

What are considered the benefits and the costs to society of operating an insurance mechanism? How...

What are considered the benefits and the costs to society of operating an insurance mechanism? How do a reciprocal exchange and a mutual insurance company differ? Describe the changes that were brought about by the Gramm-Leach-Bliley Act, and, its overall impact on financial services today.

why are fringe benefits considered variable costs?

There are three factors that need to be considered when deciding whether certain costs are considered...

There are three factors that need to be considered when deciding whether certain costs are considered relevant in a short-term decision. Identify and explain each of these three factors.

Given what you know about benefits plans and options, as well as costs and factors for...

Given what you know about benefits plans and options, as well as costs and factors for designing a benefits plan, draft a basic plan for a start-up company of fewer than 100 employees in your local community. In your plan, include the following: 1.Describe the benefits options you will offer along with the cost of these options. Explain why you chose these options. 2.Explain which of the benefits you selected would be considered standard, which are unique for your industry,...

Problem 1: a) List the potential costs and benefits that should be considered in evaluating a...

Problem 1: a) List the potential costs and benefits that should be considered in evaluating a potential nuclear power plant. What stakeholder viewpoints will need to be considered? b) If a net present worth analysis for a stream restoration plan indicates that the net present worth (NPW) is greater than zero, does that guarantee that the plan is the best possible (optimal) solution? Why or why not? You may wish to use a graph in your explanation, but do not...

What is a Balanced Scorecard, and what are the factors that need to be considered in...

What is a Balanced Scorecard, and what are the factors that need to be considered in its development? Support your response with references.

What are the factors to be considered in a Marketing Communications Mix?

Some benefits and costs cannot be quantified. What kinds of benefits and costs elude quantification, and...

Some benefits and costs cannot be quantified. What kinds of benefits and costs elude quantification, and how can these be factored into an investment decision?

Prepaid pension benefits is not considered an operating asset. Pension and post retirement benefits is considered...

Prepaid pension benefits is not considered an operating asset. Pension and post retirement benefits is considered an operating liability. Please clarify why Prepaid pension benefits is not part of the operating assets, and why Pension and post retirement benefits is part of operating liabilities.

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost...

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost and benefits? What direct and indirect cost? What is earned value (EV)? Explain how earned value management can be used to control costs and measure project performance.

Question