Thursday, May 21, 2020
Public Health Preparedness Capabilities Planning Model
The public health sector can best survive various threats through effective planning through which realistic goals are established. Essentially, public health preparedness and planning requires a strong understanding of citizensââ¬â¢ needs at all levels. The state of Michigan achieves this health requirement though the stateââ¬â¢s Division of Emergency Preparedness Response (DEPR) along with the divisionââ¬â¢s collaboration with tribal governments and local health departments. This report focuses on the Public Health Preparedness Capabilities Planning Model. The report is based on the state of Michigan in which it assesses the organizational roles and responsibilities, resource elements, and performance. Currently, the state of Michigan ensuresâ⬠¦show more contentâ⬠¦In addition, training is offered to health practitioners to enhance their skills. Regarding the performance towards the public health sector and health preparedness, the state government of Michigan ensures that all hospitals in the state work towards incorporating activities that would ensure that beds and services remain at least 20% beyond the daily capacity needs (Michigan Department of Health Human Services, 2016). The state government has also ensured that life support agencies and hospitals develop, exercise, and refine plans for handling any influx of patients, especially in times of emergency (Michigan Department of Health Human Services, 2016). The state government of Michigan operates with a view of meeting various goals and objectives. Nevertheless, it public health preparedness program is not the best in the country. As such, there are gaps in its public health preparedness program compared to other states. For instance, the state government needs to improve on the jurisdiction The constitution of the United States considers states as the primary a ctors in providing public health services to the citizens (Cox, 2007). In this regard, it implies that the state government of Michigan is responsible for protecting its people equally by offering them with security and protection benefits. As such, the general welfare of the citizens is a primary concern. AsShow MoreRelatedDisasters Caused Destruction On The Health Of The Public1290 Words à |à 6 Pagesthose effects have consequences on the health of the public. Various disasters, can also increase the probability of communicable diseases and ecological hazards, but also destruction of the healthcare infrastructure of the country, and long-lasting psychological effects. Disasters have five cyclic stages: the non-disaster, predisaster, impact and reconstruction stage. During the non-disaster stage, the communities should focus on planning and preparedness activities. With proper preparation andRead MorePrevention Of A Disaster Emergency1729 Words à |à 7 Pagesintentional, or ac cidental means), critical steps should be taken to evaluate and reduce the risks of public endangerment. The desire is to prevent epidemics and the spread of disease, protect against environmental hazards, prevent injuries, promote and encourage informed risk/ beneficial decision making, respond to disasters and assist communities in recovery, and assure the quality and accessibility of health services for the community. Being prepared to respond to disaster emergencies along with effortsRead MoreDisaster Preparedness1589 Words à |à 7 PagesDisaster Preparedness Plan A disaster is generally defined as an event in which illness or injuries surpass resource capabilities of a community or medical facility (Ignatavicius Workman, 2010). Disaster preparedness is a process of ensuring that an organization has complied with the preventive measures and is in a state of readiness to contain the effects of a predicted disastrous event to minimize loss of life, injury, and damage to property. Disaster preparedness can also provide rescue, reliefRead MoreImpact Of Hurricane Katrina On The Healthcare System1515 Words à |à 7 PagesDevelopment The Mississippi SMRS is currently tasked with supporting local healthcare infrastructure during disasters as well as providing a coordinated and integrated approach to healthcare emergency response. The SMRS is designed around an all-hazards model, meaning the mission profiles are designed to respond to all types of disasters, rather than being focused on a select few. This all-hazards approach ensures the SMRS remains as flexible as possible and is capable of meeting the emergency healthcareRead Moreâ⬠¢ Assignment 1: Applications of Epidemiology ââ¬â a Case Study2251 Words à |à 10 PagesPublic Health Preparedness Mary Anderson Strayer University Health Policy and Law Basics Professor Dorothy Moore December 15, 2013 Abstract Healthcare is one of the top social and economic problems in America today. The United States is considered by most to be the greatest country to ever grace the face of the planet. It has the largest military, the largest economy, freedom of speech and religion, and one of the first successful democracies and of course, the AmericanRead MoreThe Homeland Security Risk Management1239 Words à |à 5 Pagessecurity Department of Homeland security together with other players in the security sector have adopted the model which is currently used to assess the risk level in the country. The model equation, R = Ãâ(C*V*T), defines the risk management procedure adopted in Homeland security setups. R is the risk level, C is consequence of the attack, that is, consequence on the economy, public health, institutional confidence and government action. V is the vulnerability assessment of the possible targets, howRead MoreSociological Factors Of Managing The Broader Public And Their Level Of Emergency Preparedness Essay1739 Words à |à 7 Pageseffective methods of managing the broader public and their level of emergency preparedness. I will discuss how one of their theories can motivate people to take action to ensure they are prepared. Similarly, the Canadian Institutes of Health Research (CIHR) has conducted considerable research on ways to ensure successful knowledge translation (again, the process of turning knowledge into action). This research is not necessarily specific to emergency preparedness, but provides some usefulness for emergencyRead MoreThe Transportation Security Administration ( Fema )1540 Words à |à 7 Pagesconcerning the overall DHS program prioritization which will address the Transportation Security Administration (TSA) which is a directorate under the DHS and the Federal Emergency Management Agency (FEMA) which become part of the Emergency Preparedness and Response Directorate of DHS. This report could have not been prepared without gathering background information concerning the following area hazard/threats, hazard identification and risk analysis, terrorist laws and analyzing and quantifyingRead MoreMy Career Goal Of Advance Practice Registered Nurse1615 Words à |à 7 Pagesattent ion to detail and persistence ïÆ'Ë Have a strong interest in chronic disease and working with underserved communities and health disparities. As a senior Registered Nurse, Nurse Manager and educator, I am responsible for supervising the staffs and serve as an advisor for staff s education and information in formulating appropriate strategies, program planning and policy formulation with strong leadership experience through the building and leading teams. I have experience in budget and resourcesRead MoreThe Career Goal Of Advance Practice Registered Nurse1614 Words à |à 7 Pagessolving, attention to detail and persistence ïÆ'Ë Have a strong interest in chronic disease and working with underserved communities and health disparities. As a senior Registered Nurse, Nurse Manager and educator, I am responsible for supervising the staffs and serve as an advisor for staff s education and information in formulating appropriate strategies, program planning and policy formulation with strong leadership experience through building and leading teams. I have experience in budget and resources
Wednesday, May 6, 2020
The Age Of Manufacturing That Preceded The Romantic Movement
The age of manufacturing that preceded the Romantic Movement was characterized by industrialization and scientific, professional thinking. The philosophy of the era teaches that thoughts and assertions are only meaningful if they can be confirmed with evidence or valid reasoning. As a result, any assertion about entities from the abstract or conceptual alike, whether a statement about mermaids and unicorns or God and nature, is considered meaningless since they cannot be confirmed by factual report. This all started changing when the future leaders of the enlightenment decided that we should resort to more emotional thinking. Jean-Jacques Rousseau, one of the leaders of the enlightenment observed that science was transforming Europe into unemotional machines. He says, Man was born free, but everywhere he is in chains...Let us return to nature.â⬠(Schaeffer 154) Rousseau foresaw a threat to general freedom of thought, which thus sparked the Romantic Movement. Two poets that roman ced nature during this era were: William Wordsworth (1770-1850) and John Keats (1795-1821). ââ¬Å"To Autumnâ⬠by John Keats and ââ¬Å"Lines Composed a Few Miles above Tintern Abbeyâ⬠by William Wordsworth are both comparable and representative of the Romantic Movement. They have separate techniques and application, but are both recognized as significant works of Romanticism. The themes in both poems emphasize nature, emotion, and the capacity for wonder and imagination, which reiterate the sentiments of the era.Show MoreRelatedThe Life And Adventures Of Mary Shelley s Frankenstein And The Modern Prometheus1780 Words à |à 8 Pagesgenre was a reaction to the Age of reason. The age of reason preceded the enlightenment but was after the renaissance period. The main driving force of the age of reason emphasized the power of the human mind. As a matter of fact, it was during this age of reason that Humanists first developed their ideas. 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Then the Queen asked her mirror: ââ¬Å"Mirror, mirror on the wall, Who is the fairest of us all?â⬠and it answered: ââ¬Å"Queen, thou art the fairest in this hall, But Snow-Whites
Myer Holdings Limited (Myer) Free Essays
Prospective analysis ââ¬â forecast The previous reports have already approached the industry and financial analysis of Myer. This report will analyze the forecast, valuation and application of Myer, including forecasting the major data, valuating share price under four model and discussing the opportunity and challenge of Myer. 1. We will write a custom essay sample on Myer Holdings Limited (Myer) or any similar topic only for you Order Now Forecast sales growth rate As one of the most important indicators, sales can reflect directly Myerââ¬â¢s financial performance and influence other indicators. Therefore, the forecast of sales growth rate is the foundation for forecasting Myer. Based on the previous annual reports from 2007 to 2011, Myerââ¬â¢s sales are not optimistic and the average growth rate is negative 2. 89%. The decline of both global economy and purchase power of consumers in Australia will lead to the depression of whole industry and unsatisfied performance of Myer in 2012. Additionally, growth of 20% online shopping shows that more and more consumers prefer to purchase online instead of in the shops . Therefore, negative 1% of sales growth rate for Myer can be assumed in 2012. However, Australia would have a weakening global economy impact and have strong national growth in the future . According to IMF, Australian economy growth rate is expected up to 3. 5% in 2013 . Considering the previous performance of Myer, 2% of growth rate can be assumed for 2013. After that, 3% of growth rate can be assumed from 2014 to 2017 and the sales would approximately even to 2007. (See below chart) Previous years ââ¬Ë00020072008200920102011Average rate Sales3,002,3532,940,3312,798,9162,825,0342,666,803? sales growth? -2. 07%-4. 81%0. 93%-5. 60%-2. 89% Future years ?2011201220132014201520162017 Sales growth? -1%2%3%3%3%3% 2. Forecast ATO calculate NOA According to the past five yearsââ¬â¢ data, Myerââ¬â¢s Assets Turnover ratio (ATO) declined slowly following the decrease of sales, apart from 2011 down quickly. Therefore, the average rate 2. 05 can be used to predict the future years. (See below chart) ? 20072008200920102011Average rate ATO2. 02 2. 282. 152. 001. 772. 05 3. Forecast PM calculate NOPAT Profit Margin (PM) is another important indicator in forecasting Myerââ¬â¢s performance. This indicator relates between the sales and cost of goods sold and operating costs. The competition in retail industry is stronger than before. That means through increasing sales or decrease COS to increase PM is more difficult. The change of PM fluctuated markedly in the last five years. In order to fairly predict the data, the average of 7. 5% can be used as the future PM growth rate. (See below chart) ? 20072008200920102011Average rate profit margin4. 7%13. 4%4. 9%7. 8%6. 6%7. 5% 4. Forecast net dividend payout Dividend payout is a significant indicator to influence share price. Therefore, estimating this rate means the people can determine Myer whether focuses on benefiting shareholders and beautifies share price or not. According to the past 5 years, only 3 years Myer paid dividends. After calculation, the average rate based on 3 years is 45% and 5 years is 27%. However, 27% is too low for shareholders if Myer earn more profit base on the forecast. In addition, most of dividends payout is higher than 50%. Therefore, the forecasting dividend payout rate is estimated by 45%. (See below chart) ? 20072008200920102011Average rate(3yrs)Average rate(5yrs) Dividend0%50%0%28%59%45%27% 5. Forecast cost of debt and debt balance Basically, cost of debt means the expense of liabilities. Determining the cost of debt is as well as setting up the financial structure such as how much debt Myer plan to borrow. According to the previous data, Myer repaid a huge amount of debt in 2010 and led to the cost up and net debt down. However, the debt did not rise up again and kept the similar level as 2010. Therefore, concerning about the cost of debt, the average of 10. 75% seems more reasonable to predict the future. (See below chart) ? 20072008200920102011Average rate % cost of debt6. 25%6. 41%6. 36%30. 31%4. 41%10. 75% net debt (ND)928,503 856,242 904,258 414,574 457,362 ? Prospective ââ¬â Valuation Four methods are used to valuate Myer, DDM, DAE, DAOE and DCF. In addition, two ways are used to determine cost of capital, which are CAPM and WACC. In CAPM model, risk-free rate, risk premium rate and ? are assumed separately 4. 5%, 6. 5% and 1. 1. It is not easy to determine ? because it changes every day. Assuming 1. 1 for? means the fluctuation of Myer share price is a little stronger than the market but not too much . Therefore, cost of capital (Re) is calculated by the formula and equals to 11. 65%. This Re is used in DDM and DAE. In WACC model, because Re is 11. 5%, Rf is calculated by formula and equals to 11. 43%. This Rf is used in DAOE and DCF. The share price is calculated by these 4 different models. (See below chart) ModelForecast Share price in 2012 DDM1. 7423 DAE2. 4548 DAOE2. 5603 DCF2. 5603 DDM is influenced strongly by dividends because this model uses dividends to calculate value of shares. If the company does not pay dividends, the share price would be lower. Myer is estimated to pay dividends in 45% and the share price closes to market share price. (See below chart) DateLast % Change High Low Vol * 24 Oct 20121. 950-1. 27% 1. 621. 9306,259,477 This model is easy to understand Myerââ¬â¢s business conditions. However, this is affected by dividends too much and dividends are not always linking the value creation , the valuation model seems very limited. Obviously, this cannot reflect the Myerââ¬â¢s real value and conditions. Additionally, compared to DDM, DAE involves in other indicator abnormal earnings to value Myer share price and is better to present Myerââ¬â¢s conditions. Myer share price in DAE is higher than DDM because it reflects book value of equity and PV of future abnormal earnings to add share value. Therefore, this is more close to the real performance of Myer. Also, DAOE model is similar with DAE apart from that DAOE focuses on the equity which is determined by operating abnormal earnings. This eliminates the influence of Myerââ¬â¢s financial activities to calculate abnormal earnings. However, Myerââ¬â¢s financial value has been added to the equity finally. Therefore, this can reflect Myerââ¬â¢s condition in operating. Finally, DCF model focuses on cash flow which results in the equity increases. Usually, it can get the same share price with DAOE, but does not affected by accounting rules. However, investments are treated as losses for cash flow, which can bring more future benefits to Myer. Therefore, if Myer plans to use investments to produce free cash flow, then this model is very close Myerââ¬â¢s real conditions. Prospective ââ¬â Sensitivity On one side, Myer is department store and compete in retail industry. Seasonality is more significant aspect in retail industry. The boom seasons for Myer are the end of financial year and Christmas holidays. Also, the weather, new products in season or other factors are the aspects which Myer is sensitive. On the other side, according to Appendix 4, the four models of sensitivity can be analyzed. For the indicators of sales, ATO, dividend payout, DDM is the most sensitive, while DCF and DAOE are not sensitive. However, DDM is not sensitive in debt, while DCF and DAOE are most sensitive. Application Opportunities According to the forecast analysis and valuation, Myer has some possible opportunities to improve herself and get rid of the difficult conditions although the depression of condition expands the whole retail industry. Myer is predicted to pay more dividends to their shareholders in forecast analysis. This will addict more investor to buy shares and this can push the share price to rise up. Also, the book value of equity for Myer can be increased and this leads to no one can buy Myerââ¬â¢s share lower than book value. Therefore, a higher merger value or acquisition value can be created. Eventually, Myer will get more capital to investment. Therefore, Myer has an opportunity to invest this implemental capital. Concerning about the future economy, Australia will have strong domestic economy increase . As a result, Australian consumption and requirement will be up. Therefore, keeping and maintaining domestic consumers are still the main tasks for Myer. With the online shopping eroded the traditional shopping stores, Myer should improve their online shopping services, such as beautifying and making it convenient for customers. Myerââ¬â¢s CEO announced they would launch a new ââ¬Å"omni-channelâ⬠service to stimulate consumers shop online . Obviously, Myer has already recognized online shopping is the main method to regain market share. Additionally, expanding the overseas market seems a good lamb for Myer to increase profit. Recently, Australia government has signed two Free Trade Agreement negotiations with China and Japan separately. This provides a firm foundation to encourage more foreign investments between Australia and both of countries . Therefore, Myer can be provided more supports to invest in China and Japan. There are three reasons for Myer to choose China rather than Japan to set up the first overseas branch. Firstly, 1. 34 billion of China population is more stable for consumption foundation than 127million of Japan . Secondly, the advantage of exchange can provide more benefits for Myer to invest in overseas. Thirdly, more products of Myer are produced by China; therefore, setting up branch in china can save the delivery cost and tax. Challenges Although Myerââ¬â¢s forecasting is more profitable, it still has a potential challenge for borrowings. First of all, the purpose of loan for Myer may be to expand its shops or update its online shopping. These have more chances to be long-term debts instead of short-term debts. However, when they are in the lack of cash flows, Myer may pay dividends through borrowings. Although this can be short-term debts, it is not for earning profit. Therefore, both of these are risky for debtors. Secondly, the figure shows that Myer would not plan to increase its financial expenses. That may be Myer prefer to get more funds from shareholders and her own operates rather than debts. This looks lower risky than peopleââ¬â¢s anticipation while it also means Myer would slow the repayment of debt and the previous debt risky will be raised up. Thirdly, the steady growth rate of dividend payout shows Myer would pay more dividends to benefit their shareholders when they earn more money instead of pay the debt or reinvest. In other words, Myer prefer has more long-term debt than short-term debt and maybe the benefits will be impaired. Therefore, the debtââ¬â¢s risk of Myer tends to be increased by Myerââ¬â¢s trend. Fourthly, the debt leverage looks healthy. However, the decrease of debt leverage is because not only the debt decreases, but also the net operating assets increase. Above all, Myer probably has problem when debt from debtors. Therefore, a detailed loan structure should be planned to make debtor have more confidence and willing to borrow money to Myer. This loan structure need to concern about the percentage of debt and equity for Myer. Also, the percentage of long-term debt and short-term debt should be considered. In addition, the purposes of debt need to be clear, easy to understand and report to debtors and shareholders. Conclusion To sum up, these analyses are really useful to approach Myerââ¬â¢s conditions and performance, and also can give some particular information through valuation. However, there are not perfect analyses; people still need to look for more effective analyses to value the firm. How to cite Myer Holdings Limited (Myer), Essay examples
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