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Affordable Excellence: The Singapore Healthcare Story by William A. Haseltine

By William A. Haseltine

This is the tale of the Singapore healthcare procedure: the way it works, the way it is financed, its background, the place it really is going, and what classes it could actually carry for nationwide health and wellbeing platforms worldwide. Singapore ranks 6th on this planet in healthcare results, but spends proportionally much less on healthcare than the other high-income nation. this is often the 1st e-book to set out a accomplished system-level description of healthcare in Singapore, as a way to figuring out what should be discovered from its designated method layout and improvement path.

The classes from Singapore might be of curiosity to these at the moment making plans the way forward for healthcare in rising economies, in addition to these engaged within the pressing debates on healthcare within the wealthier nations confronted with severe long term demanding situations in healthcare financing. Policymakers, legislators, public wellbeing and fitness officers liable for healthcare platforms making plans, finance and operations, in addition to these engaged on healthcare matters in universities and imagine tanks may still know the way the Singapore procedure works to accomplish reasonable excellence.

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Secondly, it is clear that there is very significant interdependence between maintenance cost, depreciation cost and replacement cost, which is reflected in interest charges, via the expected life of a vehicle. The particular maintenance/replacement policy of an individual firm could cause it to have a cost structure significantly different from the average, as reflected in the operatingcost tables. This is a subject which has been explored increasingly in recent years, although there is much left to be understood.

The motivation which guides firms is taken, at least as an initial working hypothesis, to be the maximisation of their profits, the difference between their sales revenue and their costs. Production involves the firm in using certain inputs (also known as factors of production), such as labour, machines and raw materials, in order to manufacture their output. If, for the time being, we consider a firm manufacturing just a single output, then we may specify the technical relationship between its output and the inputs it employs through what is termed its production function: (Eq.

2 may be regarded simply as the aggregation of all individual demand curves. 4 COST Cost is a major influence on supply, and in order to understand the behaviour of the market for urban freight, and many of the policy issues which will be discussed later in this book, it is important to be familiar with the basic terminology of the theory of costs, or, as it is also often termed, the theory of production. Just as it is the decisions of consumers that determine demand, so it is the decisions of firms about production that determine supply.

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