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Related Experiment Videos

St Bartholomew's resources allocation scheme.

C C Gilson

    The Journal of Audiovisual Media in Medicine
    |July 1, 1989
    PubMed
    Summary
    This summary is machine-generated.

    This resource allocation scheme links departmental output to funding input, enabling funders to set support levels and generating income through excess work or external business. It allows central funding to be reduced to zero over time.

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    Area of Science:

    • Management Science
    • Resource Allocation
    • Financial Management

    Background:

    • Traditional funding models often lack direct links between resource input and departmental output.
    • There is a need for flexible financial systems that can adapt to changing operational demands and funding landscapes.

    Purpose of the Study:

    • To introduce a novel resource allocation scheme that quantifies departmental output against funding input.
    • To enable funding bodies to precisely determine the level of output they wish to support.
    • To create mechanisms for income generation and capacity building within departments.

    Main Methods:

    • The scheme defines a 'work unit' as a measure of resource, combining materials and time.
    • Work unit costs are derived as a function of all reckonable departmental operating costs.

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  • Variable profit margins can be applied based on the category of request, facilitating income generation.

    • Main Results:

    • The scheme successfully relates departmental output to funding input, providing a clear metric for resource allocation.
    • It empowers funding bodies to control supported output levels and facilitates income generation through service provision.
    • The model allows for the progressive reduction of central funding, potentially to zero, promoting financial autonomy.

    Conclusions:

    • This resource allocation scheme offers a transparent and adaptable financial management system for departments.
    • It fosters efficiency by linking output to funding and creates opportunities for financial sustainability through income generation.
    • The scheme provides a framework for optimizing resource utilization and reducing reliance on central funding.