Saving Money by Cutting Corners

Cutting Corners

Saving money, saving lives.

In 1996, Duke Children's Hospital was in serious trouble. Its $11 million annual operating loss had forced administrators to make cutbacks. As a result, some caregivers felt that the quality of care had deteriorated. Parents' complaints were on the rise. Frustrated staff members were quitting. In this article, Jon Meliones, DCH's chief medical director, candidly describes how his debt-ridden ho...

Saving money by spending more.

Generating Random Numbers from a Unimodal Density by Cutting Corners

The cutting corners algorithm can be used to generate random numbers from any unimodal density which is speciied only as a computer subroutine. This allows for a single program that can generate samples from Normal, Exponential, Gamma, Cauchy,. .. , and almost any of your favorite density with any parameters. Despite the extremely open nature of the problem, the algorithm proposed is extremely ...

Saving money through eDi integration