The author investigated the application of lean management system in production enterprises and highlighted the main differences between traditional management and lean management systems. Many classical qualitative methods are used for benchmarking both systems. However, classic techniques consider costs accumulation but do not include time…

The paper contributes to the growing and often controversial study of higher education productivity measurement. The paper clarifies core productivity ideas, and considers alternative models for productivity assessment. Results from these models are explored using data from Australian higher education. Findings reveal implications for the…

GM(1,1) and GM(1,1) rolling models derived from grey system theory were estimated using time-series data from projection studies by National Center for Education Statistics (NCES). An out-of-sample forecasting competition between the two grey prediction models and exponential smoothing used by NCES was conducted for education expenditure and…

College attendance is a risky investment. But students may not recognize when they are at risk for failure, and financial aid introduces the possibility for moral hazard. Academic performance standards can serve three roles in this context: signaling expectations for success, providing incentives for increased student effort, and limiting…

Budgetary constraints on the public purse have led Australian Federal and State governments to focus increasingly on the efficiency of public institutions, including Technical and Further Education (TAFE) institutes. In this study, we define efficiency as the relationship between financial and administrative inputs and educational outputs. We…

Institutions of higher education are under pressure to be accountable for their expenditures while demonstrating their effectiveness. Through structural equation modeling, a relationship was found between expenditures and the efficiency and effectiveness of an institution, and an optimal expenditure level was found that maximized an institution's…

To assist managers of complex training systems in making decisions that result in changes in the existing training syllabus, this study provides a model for estimating and comparing the costs of training system components and of potential changes to the components. In the first part of the study, this assessment model is broken down into five…

This book examines the advantages and disadvantages of various methods of financing education and discusses the basic issues related to increasing efficiency in education. Section 1 offers a short history of educational finance and discusses many of the traditional approaches to financing education. Section 2 presents methods for distributing…

Performs empirical tests of the Mexican federal government's state-level education expenditures and examines changes in allocation patterns by comparing 1980 and 1990 cross-sections. Unlike other Latin American countries, where formulated grants are made to subnational jurisdictions, the Mexican allocation pattern seems neither rational nor…