This thesis studies four independent resource allocation problems with different assumptions on information available to the central planner, and strategic considerations of the agents present in the system. We start off with an online, non-strategic agents setting in Chapter 1, where we study the dynamic pricing and learning problem under the…

Policy implementation research suggests that the likelihood of policy success, i.e. matching policy outcomes with expectations, can be best assessed by engaging the bottom-up perspectives of those who will implement the policy. This paper works from this premise and examines the views of university leaders in Kazakhstan on the potential impact of…

The paper considers a problem of financial resource allocation in a higher education institution. The basic financial management instruments and the multi-stage cost minimization model created are described involving financial instruments to constraints. Both societal and institutional factors that determine the costs of educating students are…

With very few exceptions colleges and universities of all types--2-year and 4-year, public and private-- are feeling the fiscal pinch. They are caught in the vise of rising expectations and constrained revenues. Public institutions are operating in an environment in which state-level policy-makers press for increasing numbers of graduates,…

A policy analysis of Florida's 10-factor Performance-Based Funding system for state universities. The focus of the article is on the system of performance metrics developed by the state Board of Governors and their impact on institutions and their missions. The paper also discusses problems and issues with the metrics, their ongoing evolution, and…

As president of Miami University of Ohio from 1996 until 2006, James C. Garland redefined the public institution as a "semi-private" university by implementing the same tuition for both in-state and out-of-state students. Students from Ohio with need received large scholarships--but those who could afford to pay more did so. The reform,…

Financial stewardship by college governing boards too often stops at balancing the budget. That was the message two finance experts presented last week during the annual meeting of the Association of Governing Boards of Universities and Colleges. Furthermore, the yearly budget exercise can give trustees a misperception of their institutions'…

Describes a statistical model that can be used to compute an institution's expected enrollment yield and an average discount to obtain a net tuition and fees forecast for the coming year; using this information, resource allocation decisions can be made earlier and with confidence. (EV)

If faculty and other groups are to play a significant role in the budget process, the administration should format the budget to invite discussion. A properly prepared budget can serve as an excellent means of consensus building on campus. A new technique known as "framework" budgeting is described. (MLW)

Presented is a model used for placing prudent limits on tenured faculty at the University of Pennsylvania. In this tenure model, the concept of funding durability is at the center of the long-term resource allocation process, setting the stage for academic planning within each school. (JMD)

In order to meet two key objectives, enrollment managers at colleges and universities make extensive use of single equation probability models. The first objective is to generate sufficient financial resources to educate the students enrolled. The more dependent the institution is on tuition revenues, the more important is this objective. The…

The development of time-series revenue projections for University of Alaska Budget Request Units (BRUs) is described. Fiscal planning modes in higher education are reviewed, along with the attributes of judgmental, time-series, and causal forecasting techniques. The following six submodels comprise the necessary dimensions of the comprehensive…

Budgets operationalize the strategic planning process, and institutions must have surplus revenue to be able to cope with future operations. There are three approaches to generate surplus revenue: increased revenue, decreased cost, and reallocation of resources. Extending their earlier work, where they established strategic benchmarks for annual…

The critical importance of planning in higher education is addressed. The challenge to planning is seen not just as alleviating the current pressures, but in assuring that the traditions of independence, creativity, and intellectual excellence survive. The planning process at Stanford University is described. For the university, the process of…

Cost and benefits of education are studied by this collection of eight papers by economists in relation to issues of the genetic component of variation in intelligence, differences between integration and desegregation, and diminishing returns in educational expenditures. Silver's paper challenges the idea that better schools cannot be obtained by…