IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v23y1977i11p1161-1168.html
   My bibliography  Save this article

A Model for Planning the Transition to Equilibrium of a University Budget

Author

Listed:
  • David S. P. Hopkins

    (Stanford University)

  • William F. Massy

    (Stanford University)

Abstract

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 set of simultaneous linear equations that are solved for an estimate of the amount of budget base reductions needed to achieve LRFE five years later. The model was applied at Stanford University, the resulting $10.2 million budget adjustment target was accepted, and now (two years later) more than 85 percent of the needed changes have been implemented.

Suggested Citation

  • David S. P. Hopkins & William F. Massy, 1977. "A Model for Planning the Transition to Equilibrium of a University Budget," Management Science, INFORMS, vol. 23(11), pages 1161-1168, July.
    • Handle: RePEc:inm:ormnsc:v:23:y:1977:i:11:p:1161-1168
    DOI: 10.1287/mnsc.23.11.1161
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.23.11.1161
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.23.11.1161?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Massy, William F. & Zemsky, Robert, 1997. "A utility model for teaching load decisions in academic departments," Economics of Education Review, Elsevier, vol. 16(4), pages 349-365, October.
    2. Johnes, Jill, 2015. "Operational Research in education," European Journal of Operational Research, Elsevier, vol. 243(3), pages 683-696.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:23:y:1977:i:11:p:1161-1168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.