Money Isn't Everything but Everything Needs Money: Some Financial Aspects of Simulation

Date: 07 Nov 2025, Fri | Time: 1300 - 1430 | Track Type: Workshops
Format: Face-to-face | Venue: Level 2, PSL2, Academia
Speaker: Mr Kai Kranz and Mr Pedro Cartaxo Cintra

In most countries, increasing healthcare costs are heavily discussed politically, socially and within healthcare organizations. Several measures have been taken to reduce costs and one of them is budget transparency. Out of that a frequently asked question is: "What does a simulation program or a particular simulation based course cost?"

By the end of the workshop, participants will be able to:

1. Identify the different entities of costs arising during the organization of a simulation based course.
2. Determine the different sorts of costs by using standard accounting procedures.
3. Apply a simple calculation process to determine the total costs of their own simulation based course.

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