In:
Management Science, Institute for Operations Research and the Management Sciences (INFORMS), Vol. 23, No. 11 ( 1977-07), p. 1161-1168
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.
Type of Medium:
Online Resource
ISSN:
0025-1909
,
1526-5501
DOI:
10.1287/mnsc.23.11.1161
Language:
English
Publisher:
Institute for Operations Research and the Management Sciences (INFORMS)
Publication Date:
1977
detail.hit.zdb_id:
206345-1
detail.hit.zdb_id:
2023019-9
SSG:
3,2
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