The history of the present allocation model of a Dutch university is evaluated. This model was widely accepted at the start. As budget decreases continued, the model was increasingly criticized. At present it is no longer accepted as an instrument for policy decisions. The details of the model itself have become issues of political interest and discussion. The need is stressed for timely adjustment of allocation models, and the circumstances that influence the lifespan of such models are analyzed. Implications for financial planning and budgeting are also discussed. Contains 11 references. (Author/KM)