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,…

The purpose of this study was to explore opportunity costs of postsecondary education in the U.S. in the past three decades (1975-2005), as a measure to support investment decisions at national levels and as experienced by individuals deciding on pursuing further education. Based on human capital theory and inspired by a set of studies aiming at…

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,…

This study examines effects of individual development accounts (IDAs) on household wealth of low-income participants. Methods: This study uses longitudinal survey data from the American Dream Demonstration (ADD) involving experimental design (treatment group = 537, control group = 566). Results: Results from quantile regression analysis indicate…

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)

This article deals with the current situation of revenues, expenditures and school finance. The authors discuss elaborating conceptions of resources, clarifying why funding is often wasted, and why the translation of funding into effective resources is not straightforward. They discuss their approach of converting revenues to results in a simple…

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)

Investigates the production-function relationship between educational resources and labor-market outcomes for higher education in the United Kingdom. Using ordinary least squares and hierarchical linear models, finds that graduate earnings are positively correlated to the level of resources per student and negatively correlated to the…

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)

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…