Exhibit 8-3
A gourmet snack company is seeking assistance with its pricing strategy. Information about market size and customer sensitivity to price for the three market segments are provided below.
-Refer to Exhibit 8-4.Formulate and solve a shortest-path model using Evolutionary Solver.What is the shortest distance Steve can travel and visit all cities
What is the route
Definitions:
Not Allowed Amount
The portion of a bill or charge that is not covered by insurance and is not the responsibility of the patient or client.
Coinsurance Co-payment Amount
The fixed percentage or amount that an insured person is responsible for paying for medical services, after the deductible is met.
CMS-1500 Form
The standard claim form designed by the Centers for Medicare and Medicaid Services to submit physician services for third-party (insurance companies) payment; the standard paper claim form to bill Medicare Fee-For-Service (FFS) Contractors when a paper claim is allowed.
Medicaid
A program financed by the government in the United States offering health insurance to qualified adults with low income, kids, expectant mothers, senior citizens, and individuals with disabilities.
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