Use the Optimal Outpatient Scheduling tool (Kaandorp and Koole 2007b), provided on the companion website, to compare two appointment scheduling schemes—individual appointments and optimal sched uling—under the following assumptions. For the individual scheduling scheme, assume an 8-hour day that can be divided into 10-minute time blocks (48 time intervals), a 15-minute service time for patients, 24 patients seen according to the individual appointment scheme (a patient is scheduled to be seen every 20 minutes), and 5 percent no-shows. For the small neighborhood optimal schedule, assume a waiting time weight of 1, an idle time weight of 1, and a tardiness weight of 1. What are the differences in the two schedules? Which would you choose? Why? Now, increase the waiting time weight to 3 and recompute the small neighborhood optimal schedule. How is this optimal schedule different from the previous one? Finally, change the service time to 20 minutes and compare the individual appointment schedule scheme to the small neighborhood optimal schedule with waiting time weights of 1 and 3, Which schedule would you choose, and why?
The financial data given below shows the capital structure of Akabebi Company Limited. 10% Sh.1,000 debenture 4,900,000 Ordinary share capital (Sh.20) 18,000,000 Retained earnings 6,000,000 TOTALS 28,900,000 The structure is considered optimum and the management would wish to maintain this level. Akabebi Company Limited intends to invest in a new project which is estimated to cost Sh.16,800,000 with an expected net cash flow of Sh.3,000,000 per annum for 10 years. The management has proposed to raise the required funds through the following means: 1.Issue 100 10% debentures at the current market value of Sh.5,000 per debenture. 2.Utilize 60% of the existing retained earnings. 3.Issue 10% Sh.20 preference shares at the current market price of Sh.25 per share 4.Issue ordinary shares at the current market price of Sh.45 per share. Floatation cost per share is estimated to be 12% of the share value. The company’s current dividend yield is 5% which is expected to continue in the near future. Corporation tax rate is 30%. Required: (a)Determine the current dividend per share. (3 marks) (b)Determine the number of ordinary shares to be issued. (2 marks)
March 14, 2016
3:42 am
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