Maximizing purchase decision factors other than price

Assessing and acquiring technology does not have to be chaotic, driven solely by price, clinical preference, and emotion. With the tools available, it can be distilled to a process of organized common sense, which results in maximum flexibility for the user and allows materiel managers to procure the best, most cost-effective equipment for the hospital.     

EMBEDDED MATRICES FOR FINITE MARKOV CHAINS

For an arbitrary subset A of the finite state space 5 of a Markov chain the so–called embedded matrix P _A is introduced. By use of these matrices formulas expressing all kinds of probabilities can be written down almost automatically, and calculated very easily on a computer. Also derivations can be given very systematically.     

Justice and the Foundations of Economic Thought

A bstract . Justice in the economy is a subject of renewed interest among contemporary economists. In the growing literature, Joseph A. Spengler's Origins of Economic Thought and Justice may become a standard reference work. Its great merit is the way it handles values and value judgments. Economics as an objective science cannot tell us anything about ends, Spengler holds, but it illuminates Valuation and facilitates isolation of costs and some benefits of realizing ends. Still, economists "need to base their policy-oriented arguments on distributive justice and not on efficiency. "