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The Criteria of Optimal Training Cost Allocation for Sustainable Value in Aesthetic Medicine Industry

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  • Tyrone T. Lin

    (Department of International Business, National Dong Hwa University, Hualien 97401, Taiwan)

  • Hui-Tzu Yen

    (Department of International Business, National Dong Hwa University, Hualien 97401, Taiwan)

Abstract

Medical disputes that result in medical compensation and losses affect the financial management and sustainable operational risks of enterprises. Employee training plays an important role in the sustainable growth of human resource management and also can help avoid any potential risks to enterprises’ operating revenue. Based on data of a company, this study’s model aims to establish a mathematical model to find the most suitable decision variables in order to provide decision-making analysis and judgment of a company’s individual economic behaviors. From the second-order differential modeling method, where the functional training time of the aesthetic medicine industry (including medical errors/dispute incidences, functional training costs, and medical benefits) links to a specific functional relationship, the optimal decision-making model and evaluation criteria for the proportion of this training time under the concept of sustainable management can be constructed. The method proposed herein reduces medical errors or disputes, strengthens risk and financial management, provides customers with the best service quality, and serves as the basis for decision-making evaluation of the maximum benefits of sustainable operations.

Suggested Citation

  • Tyrone T. Lin & Hui-Tzu Yen, 2020. "The Criteria of Optimal Training Cost Allocation for Sustainable Value in Aesthetic Medicine Industry," JRFM, MDPI, vol. 13(7), pages 1-18, July.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:7:p:149-:d:381864
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    References listed on IDEAS

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