A simulation model of public university financial resources for faculty
Pages 787 - 788
Abstract
During the previous decade it became increasingly important for public institutions of higher education to be concerned with the development and administration of budgets. A primary area of concern related to fiscal management has been the management of faculty — specifically, the need to retain qualified faculty and to recruit new faculty in a competitive marketplace.
The paper presents a combined SLAM simulation model of university financial resources for faculty salaries which effectively describes the relationships among important variables over a specified planning horizon. The simulation model estimates budget utilization and provides information on sources of income and levels of expenditure. Also, the model makes “what if” types of analyses and tests fiscal policy alternatives.
The simulation model estimated the university resources over a five year planning horizon. A set faculty attributes is created, such that the consumption of funds can be observed from performing a normal payroll operation. Furthermore, the simulation model was used to assess twelve policy alternatives related to salary increases, the level of faculty full-time equivalents including hiring freezes, and student enrollment and its impact on tuition and fee receipts.
A summary of the major findings is:
The model effectively simulates growth but displays a disparity between funding and changes in faculty.
Hiring freezes effectively reduce cost, however, such policies can never be strictly implemented.
Only substantial, if not excessive, increases in tuition and fees can offset a reduction in general fund appropriations.
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- A simulation model of public university financial resources for faculty
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Published In
December 1987
963 pages
Copyright © 1987 ACM.
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Association for Computing Machinery
New York, NY, United States
Publication History
Published: 01 December 1987
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