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Related Experiment Videos

Financial modeling for hospital materials managers.

D L Green

    Hospital Material[Dollar Sign] Management
    |November 6, 1986
    PubMed
    Summary
    This summary is machine-generated.

    Materials managers can simplify complex financial analysis using personal computers. Extrapolated cash flow and negotiation models benefit from computer recalculations, especially with changing variables and time periods.

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    Area of Science:

    • Supply Chain Management
    • Financial Analysis
    • Operations Management

    Background:

    • Materials managers face increasing expectations for performing advanced financial analyses.
    • Traditional methods for complex financial modeling can be time-consuming and prone to error.

    Purpose of the Study:

    • To conclude the discussion on essential financial analysis models for materials managers.
    • To highlight the advantages of using personal computers for specific financial modeling tasks.

    Main Methods:

    • Discussion of two financial analysis models: extrapolated cash flow and negotiation models.
    • Emphasis on the application of personal computers for these models.

    Main Results:

    • Personal computers significantly simplify recalculations for complex financial models.

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  • Models with numerous variables and time periods are best managed using computer-based tools.

    • Conclusions:

    • Materials managers should leverage personal computers for sophisticated financial analyses like cash flow and negotiation modeling.
    • Computer-aided recalculations enhance accuracy and efficiency in financial management.