Despite their apparent popularity among those seeking degrees and credentials, today's colleges and universities face several interrelated public criticisms and concerns. When these competing concerns about student success, productivity, cost, and educational effectiveness all collide at the campus level, they create an array of campus tensions…

The paper describes a linear programming model which generates explicit quantitative information about (1) the optimal allocation of resources inside the public university (2) the "shadow price" attached to each input used in the academic process; and (3) the optimal mixture of academic outputs produced by the university. (KM)