Waiting Time and Production Uncertainty in Medical Services

Waiting Time and Production Uncertainty in Medical Services To focus on office waiting time, the behavior of a medical practice is analyzed under a perfectly competitive setting where office waiting time is the only choice variable in the short-run. The optimum waiting time is determined for both the certainty and the uncertainty cases. Comparative statics are drawn with respect to the opportunity cost of waiting time, physician fee, capacity, and standard deviation of waiting time. Empirical analysis of waiting time is made based on questionnaires distributed among physicians and patients. The results are consistent with the majority of the theoretical findings. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Waiting Time and Production Uncertainty in Medical Services

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2000 by Kluwer Academic Publishers
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1023/A:1004794012038
Publisher site
See Article on Publisher Site

Abstract

To focus on office waiting time, the behavior of a medical practice is analyzed under a perfectly competitive setting where office waiting time is the only choice variable in the short-run. The optimum waiting time is determined for both the certainty and the uncertainty cases. Comparative statics are drawn with respect to the opportunity cost of waiting time, physician fee, capacity, and standard deviation of waiting time. Empirical analysis of waiting time is made based on questionnaires distributed among physicians and patients. The results are consistent with the majority of the theoretical findings.

Journal

Quality & QuantitySpringer Journals

Published: Oct 16, 2004

References

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