A Dynamic Equilibrium Model for University Budget Planning.

Massy, William F.

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Peer reviewed

ERIC Number: EJ154991

Record Type: CIJE

Publication Date: 1976

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A Dynamic Equilibrium Model for University Budget Planning

Massy, William F.

Management Science, 23, 3, 248-256, Nov 76

A difference equation model of a university budget system is proposed and analyzed. The conditions for first-order and second-order dynamic equilibrium are determined, and it is shown that first-order equilibrium provides a useful criterion for financial health. (Author/JG)

Descriptors: Budgeting, College Administration, Educational Finance, Higher Education, Mathematical Models, Statistical Analysis

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