Wednesday, February 26, 2020
The emerging role of the nuclear medicine practitioner- enablers and barriers - Research Proposal Example There are three major types of people who are working and under the field of nuclear medicine, and they include, the nuclear physician, the nuclear medicine technologist, and the nuclear pharmacist. The nuclear physicians are responsible in diagnosing and treating a patient. Furthermore, they have the responsibility of carrying out research in this field of nuclear technology. The technician on the other hand, works with a patient, and he or she is a specialized individual who assists the physician in diagnosing and treating a patient. The pharmacist on the other hand, involves himself in the procurement, control, and distribution of radio-pharmaceutical products (Laake, Benestad & Olsen, 2007). This is an indication that this field on nuclear medicine is an independent specialty, and well organized, and hence it can cater for the needs of its patients. This paper is a proposal on the researcher to be carried out on the enablers and barriers to the practice of nuclear medicine. This paper takes a stand that in as much as there are some factors responsible for promoting the practice of nuclear medicine, there are also some barriers. One of the major challenges facing nuclear medicine is based on the dangers of radiation. Radiation is a very serious issue, and can have a very negative impact on the health of an individual. This includes the development of chronic diseases such as cancer, which are always difficult to treat. Furthermore, it is highly expensive to train nuclear medicine experts, and this is the reason there is a shortage of nuclear medicine practitioners in the world (Moniuszko & Patel, 2011). There is also a dilemma on where to place this field of nuclear medicine. This is because there is confusion on whether to categorize nuclear medicine under the field of medicine, or to give it an independent specialty.
Monday, February 10, 2020
Capital Asset Pricing Model - Essay Example This model has been heavily criticised and debated over the past decades, and many of the economists are of the opinion that this framework is not adequate enough to assess various risk factors comprehensively. However, none of the opponents could introduce a potential alternative to this concept till date. This paper will critically analyse the applicability of the CAPM in corporate finance applications in the context of modern business environment. Corporate applications of CAPM Hillier et al (2008, section 5.1) provide a detailed view of the corporate applications of the capital asset pricing model. Through a well integrated theoretical concept and empirical evidences the authors give readers an easy understanding of the applicability of CAPM in corporate finance. Through this section, the authors address the misconception that the CAPM theory is applicable only to investment purposes. The application of capital asset pricing model together with mean variance analysis is greatly s upporting corporate managers in decision making process today (Grinblatt & Titman 2003, p. 132). The author argues that a manger is most likely to lose his job if his organisation is continuously struggling with declining stock prices (ibid). Hence every corporate manger is forced to improve the firmÃ¢â¬â¢s stock prices at any cost. For this, the manager needs clear understanding of the different elements that determine share value. Such knowledge would greatly assist corporate managers to determine what actions would improve the stock value and thereby serve the interest of stockholders and directors. For instance, the combined application of CAPM and mean variance analysis may help firms to hedge their risk elements to a great extent and Ã¢â¬Å"diversify their portfolios of real investment projectsÃ¢â¬ (Grinblatt & Titman 2003). The CAPM model also benefits multinational corporations to scrutinise their capital expenditure decisions. Management theories and historical evidenc es clearly indicate that thoughtless capital expenditures would lead to corporate failures. Top executives are extremely concerned with the firmÃ¢â¬â¢s capital expenditure strategies as they determine the organisationÃ¢â¬â¢s levels of sustainability. At this juncture, CAPM assists regulators to frame their capital expenditure strategies by focusing on various factors affecting capital expenditure. This concept is also useful for financial managers to arrive at reasonable conclusions on how to value real assets. Although many of the critics claim that CAPM model cannot be used for valuing real assets, majority of corporations are still cantered on this model. However, scholars like Lee et al (2009) strongly believe that CAPM can be very useful in real asset valuation. While analysing the historical growth phases of CAPM, it seems that corporate managements have been using this model in their all areas of financial analysis and planning since the development of this concept. Schol ars opine that capital budgeting is one of the major corporate applications of the CAPM. If it is possible to predict the systematic risk associated with a project accurately, then the CAPM can be applied to compute the risk adjusted discount rate which is essential to compensate the organisation for the risk elements of the project. Ã¢â¬Å"