Using estimates of the output productivity ratio (SDp) to improve the accuracy and managerial acceptance of utility analysis estimates

Authors
Citation
Mk. Judiesch, Using estimates of the output productivity ratio (SDp) to improve the accuracy and managerial acceptance of utility analysis estimates, J BUS PSYCH, 16(2), 2001, pp. 165-176
Citations number
19
Categorie Soggetti
Psycology
Journal title
JOURNAL OF BUSINESS AND PSYCHOLOGY
ISSN journal
08893268 → ACNP
Volume
16
Issue
2
Year of publication
2001
Pages
165 - 176
Database
ISI
SICI code
0889-3268(200124)16:2<165:UEOTOP>2.0.ZU;2-3
Abstract
This study compared nursing supervisors' percentile estimates (15th, 50th, and 85th) of staff nurse performance made in terms of dollar value and two alternative metrics-output (number of patients cared for) and staffing (num ber of nurses required to staff a unit). Of the three estimation procedures , nursing supervisors were most confident in the accuracy of their output-b ased estimates and least confident in the accuracy of their dollar value-ba sed estimates. Estimates of the standard deviation of performance as a perc entage of mean performance (SDp) ranged from 19% for the staffing-based est imate to 29% for the output-based estimate. Contrary to expectations, dolla r value-based SDp estimates were only minimally correlated with staffing- a nd output-based SDp estimates. I conclude that allowing supervisors to make percentile estimates in terms of familiar metrics has potential value for improving the accuracy and managerial acceptability of utility analysis.