In a recent article in Management Science, [Drui, A. B. 1963. The use of regression equations to predict manpower requirements. Management Sci. 8(4, July) 669-677.] an application of multiple regression analysis to the prediction of departmental manpower requirements was described. Little...

The world financial meltdown is causing a reassessment of the strong market ideology that dominated policy making since the days of Reagan and Thatcher. For universities, the issue is not whether to pay attention to market forces – most schools have no choice given that their economic...

A linear control model of a university budget is presented as an aid to developing optimal strategies for dealing with major exogenous uncertainties. The specific uncertainties treated are those associated with inflation, endowment returns, and fund-raising. The model seeks to stabilize budget...

Five-year projections of university expense and income items are incorporated into a model requiring long-run financial equilibrium (LRFE) at the end of the planning period. LRFE means that both budget levels and growth rates are in balance. The "transition to equilibrium" model consists of a...

This paper describes a long-range planning procedure for administrators in private universities. The procedure operates by generating a sequence of alternative future configurations of the university that satisfy several financial constraints and by helping an administrator to assess his...

A difference equation model of a university budget system is proposed and analyzed. The conditions for first and second-order dynamic equilibrium are determined, and it is shown that first-order equilibrium provides a useful criterion for financial health. Two sets of first-order solutions are...

Universities are complex institutions with multidimensional objectives. Lack of understanding of the "production process" for teaching and research, and a lack of approved procedures for making cost allocations, make it difficult to organize formal planning systems at the level of an academic...