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...

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...

In the first part of this paper we will review and modify the cluster analysis procedure presented by Green, Frank and Robinson [Green, P. E., R. E. Frank, P. J. Robinson. 1967. Cluster analysis in test market selection. Management Sci. 13 (8, April) B387-B400.] in a recent issue of this...

Professor Smith's article "Ranking Procedures and Subjective Probability Distribution" (Smith, L. H. 1967. Ranking procedures and subjective probability distributions. Management Sci. 14 (4, December) B236-B249.) is a worthwhile attempt at making the Bayesian decision theory concepts more...

This year marks the 50th anniversary of Management Science. We take this opportunity to trace the history of the Marketing Department in Management Science, outline the role that the Marketing Department has played in supporting management science research in Marketing, its impact on the field,...

In an attempt to reduce the time taken by social science Ph.D. candidates to obtain their degrees, the Economic and Social Science Research Council (ESRC) of the United Kingdom has decided to withhold funds from social science departments of academic institutions with the poorest Ph.D....

There are many situations where one is interested in predicting the expected number of events in period 2 given that x events occurred in period 1. For example, insurance companies must decide whether or not to cancel the insurance of drivers who had 3 or more accidents during the previous year....