Abstract
Implementation of the fuzzy logic is a modern approach for cost-volume-profit analysis and decision-making process under risk and uncertainty (Yuan, 2009). The implementation of the fuzzy logic approach especially makes sense for profit or loss estimations in developing countries, where uncertainties and risks are often observed (Roztocki & Weistroffer, 2005). This study aimed to estimate the profit or loss of indirect Coombs blood test, which is among the 100 blood tests run by the laboratory department of a healthcare organization located in Istanbul, Turkey, that started operations in 2018. Another purpose of the research was to compare the profit or loss estimated by fuzzy logic with the actual values. Research questions of the study were: 1) Can fuzzy logic be used in the health sector’s profitability estimates? 2) What is the estimated success rate of fuzzy logic in the case of uncertainty and complexity? 3) If the fuzzy logic can be used in the health sector’s profit forecasts, how close are the estimated profit sums achieved by the fuzzy logic to the actual profit sums? Based on the findings of the study, profit estimated by the fuzzy logic is in a close range to actual values with a low error rate
Highlights
Accounting is a science and information system related to recording, classifying, summarizing, reporting, analyzing, and interpreting monetary transactions and events
Profit estimation of indirect Coombs blood test, which is among the 100 blood tests run by the laboratory department of a healthcare organization located in Istanbul, Turkey, could be done by other techniques
The complexity of the number of events we encounter today and the more complex they will become in the future raise the need for fuzzy logic
Summary
Accounting is a science and information system related to recording, classifying, summarizing, reporting, analyzing, and interpreting monetary transactions and events. At the same time, accounting science is integrated with technology in modern times. Topics, such as accounting software, e-ledger, e-invoice and e-declaration applications, integrated reporting, accounting and reporting of intellectual capital, cloud accounting, artificial intelligence in accounting, accounting of cryptocurrencies, accounting and machine learning, the relationship between accounting and the IoT (Internet of Things) are frequently discussed (Kizil, Selvi Hanişoğlu, & Aslan, 2019). The health sector is one of the important components of any given country’s economy in the world. This situation is likewise in Turkey and the importance of the health sector in Turkey is increasing. The number of physicians per person, the number of employed nurses, the number of nurses per physician, the number of graduate nurses, and the nurses who have been trained abroad are still not at the demanded and desired levels compared to OECD (The Organization for Economic Co-operation and Development) level (Kalanlar, 2018)
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