Description
Drawing on the authors’ extensive experience at Stanford University as well as the work of others, this first systematic approach to fiscal and human resource planning in colleges and universities shows how transition models can and should become an integral part of the planning process.
The authors first discuss the uses and abuses of planning models in general and the principles and methodologies for developing such models. They then describe many specific models that have proved to be useful at Stanford and elsewhere in solving immediate problems and establishing long-term goals. These models cover such diverse problems as medium- and long-range financial forecasting; estimating resource requirements and the variable costs of programs; long-run financial equilibrium and the transition to equilibrium; faculty appointment, promotion, and retirement policies; predicting student enrollments; and applying value judgments to financial alternatives.
The final chapter discusses the applicability of the Stanford-based planning models to other schools.
David S.P. Hopkins is Director of the Office of Analysis and Planning at the Stanford University Medical School, and William F. Massy is Vice President of Business and Finance and Professor of Business Administration at Stanford University.
This is a reproduction edition based on a scan of the following original edition:
Title Planning models for colleges and universities
Authors David S. Hopkins, William F. Massy
Publisher Stanford University Press, 1981
ISBN 0804710236, 9780804710237
Length 544 pages
Contents
Modeling and the Stanford Experience
1
The Evolution of Planning Models at Stanford University
24
Planning Models in Theory and Practice
71
Budget Projection Models
131
Production and Cost Models
186
Modeling for Financial Equilibrium
225
Financial Planning Under Uncertainty
266
Further Applications of University Planning Models
329
8 Means and Standard Deviations of SteadyState Number
380
2 Optional Constraints in TRADES
394
4 Primary Planning Variables Used in Stanford Study
420
1 A Development Strategy for Financial Planning Models 457
Table A4 1 Initial Allocation Fractions A and A
490
Table A10 1 Illustrative Data for the Decision Calculus Model
509
2 Historical Budget Surpluses and Deficits at Stanford
30
3 LongRun Financial Equilibrium Model Early
40
Constrained Value Optimization
384
The Pilot Experiment at Stanford
419
Applying the Planning Models at Other Schools
433
Other Modeling Projects at Stanford
467
Value Maximization Subject to Constraints
475
A Budget Model for NeedBased Financial Aid Programs
486
A Brief Technical Description of the Stanford Investment
492
Computer Printout from a Sample Session with the Univer
499
A Sample Session with the Staff Affirmative Action Planning
506
The University of Northern California
517
BIBLIOGRAPHY
525
GLOSSARYINDEX
535
2 LongRange Financial Forecast for Stanford University
34
4 Amount of Budget Reduction and Payout Rate
42
5 Income Expenditures and Deficit During Stanford Univer
48
7 Chronology of Transition Model Calculations
57
9 Changes in Policy Assumptions for Tuition Salaries
65
1 Examples of College and University Planning Variables
76
2 Classification of Inputs and Outputs for Colleges
113
3 Types of Cost Measures
124
1 Expenditure Forecast Summary by Object of Expenditure
134
5 Physical Variables Associated with Budget Line Items
143
11 StepDown Schedule of Indirect Costs at Stanford
162
13 Annual Growth Rates of Key Economic Quantities
182
1 Degree Winners and Dropouts by Entry Status and Enroll
197
6 Ratios of Instructional Faculty FTE to Students
210
1 Effects of the Enrichment Factor the Payout Rate and
236
2 Elasticities of Selected Equilibrium Solutions with Respect
252
Payout
271
4 Illustrative Dispersions Correlations and Serial Correla
292
7 Sensitivity Analysis for and ta Based on the Analytical 305
1 Fractional Flows of Faculty 196672 School of Human
345
Percent Absolute
358
5 Transition to LongRun Financial Equilibrium Model
47
7 Annual Income and Expenditures for Stanford University
55
1 Production Possibility Frontier and Indifference Curves
83
3 Marginal Values Revenues and Costs
92
4 Industry SupplyandDemand Relations for Nonprofit
106
1 Sources of Funds for a Constant Population of Financial
156
3 The RiskReturn Tradeoff Based on a 47Year History
169
5 An Illustration of Budget Disequilibrium
180
1 An Illustration of the Production Function of a Cost
193
4 Numerical Solution to the EightCohort Model
202
6 An Illustration of the Allocation and Appointment
214
1 Paradigm for ExtensiveForm Dynamic Planning
230
3 Examples of Tradeoffs Involving Rates in FirstOrder
250
1 Sample Probability Distributions for Real Total Return 268
3 An Illustrative Planning and Budgeting Cycle for Year
279
5 Flowchart for FirstOrder Smoothing Process 296
6 Probability That Downward Adjustments Are More Than 308
8 Probabilities That Endowment Payout P and Payout
316
12 The Effect of LookAhead in Dynamic Control
322
1 TwoState Flow Diagram of a Faculty Tenure System 335
4 Flow Diagram for Nontenured Faculty in 15State Model
346
7 TenYear Faculty Projections for a 10 Reduction in 350
10 The Cohort Flow Model 361
12 Staff Cohort Persistence at Stanford 375
1 Example of a TRADES Working Configuration
389
2 TRADES Forecast Mode Display for a ThreeYear Plan
396
An Illustra
403
9 Illustration of a TRADES Structured Search Option
411
12 Illustration of the Weighted IdealPoint Preference Model
419
13 Flow Chart for the Decision Calculus Program
429
1 Schematic Diagram for Hierarchical TRADES
448
Tags:
Stanford press, Markov chain, dynamic programming, PPVs, production function, indirect cost, decision problem, Library acquisitions, expected value, variable cost, indifference curves, shadow price, standard deviation, probability distribution, serial correlations, Stanford University, objective function, stochastic control, Lilly Endowment, value function, conditional budget 
