Question

In: Operations Management

A province needs to decide on the number of residency openings required to meet the demand...

A province needs to decide on the number of residency openings required to meet the demand of active physicians in practice. It was determined that physicians have an active professional life of 26 years; the currently the province needs 29000 doctors to be actively practicing. In equilibrium, on average, the number of doctors retiring every year is equal to the number of doctors admitted to residency. (Round your final answer to the nearest two places of decimal) (1) How many residency openings must the province create to meet the deamnd for doctors? (2) It is observed that not all admitted resident doctors complete their program; some drop out and never complete the program. If the number of rseidents who drop out average 14%, what should be the number of resident doctors admitted anticipating this attrition?

Solutions

Expert Solution

(1)

Since, supposedly there is no residency present at all and currently the province needs 29000 doctors to be actively practicing. Hence, 29000 residencies opening the province must create to meet the demand for doctors in any phase of professional life of 26 years.

(2)

Please refer the image given below :

Answer (2)

The number of doctors admitted anticipating the attrition every year must be (1115.38 + 156.15) = 1271.53 (upto two decimal places)

keosha answered 2 years ago
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