• A GOAL PROGRAMMING MODEL FOR FINANCIAL MANAGEMENT OF A HEALTHCARE SYSTEM

Abstract

After the II world war, the, Industrial world faced a depression and to solve the various industrial problems. Industrialist tried the models, which were successful in solving their problems. Industrialist learnt that the techniques of operations research can conveniently apply to solve industrial problems. Then onwards, various models of operations research /Goal Programming have been developed to solve industrial problems. In fact Goal Programming models are helpful to the managers to solve various problems; they face in their day to day work. These models are used to minimize the cost of production, increase the productivity and use the available resources carefully and for healthy industrial growth. Goal programming is an extension or generalisation of linear programming to handle multiple, normally conflicting objective measures and is a branch of multi-objective optimization, which in turn is a branch of multi-criteria decision analysis. In this paper, a goal programming model is developed for financial management of healthcare system in Hyderabad, by considering the goals: asset, liability, equity, profit, income of the health care system. The data was collected from the health care system’s financial statements from 2010 to 2016. The problem was solved using PM-QM for windows and the results are analyzed.