Resource Allocation in Higher Education

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Overview


Resource Allocation in Higher Education describes how colleges, universities, and government agencies can use budgeting processes to improve program planning and productivity. Drawn from the contributors' direct experiences as well as research findings, it blends conceptual foundations with practical insights. Many resource allocation processes in higher education need reform, and this volume will stimulate and assist that effort.

Beginning with the economic theory of nonprofits, the essays examine current budgeting systems in both theoretical and practical terms. Resource allocation systems from other domains such as health care are explored for relevant insights. Throughout, decentralization remains a major theme. Topics range from the eminently practical--how to establish a global accounting system or choose an endowment spending rate--to the more abstract--the theory of how various nonprofit enterprises balance academic values against market pressures. The volume ends by proposing value responsibility budgeting, which offers institutions a potentially better way of pursuing their academic values while remaining responsive to market pressures.

Those within higher education institutions who are responsible for resource allocation, such as provosts, chief financial officers, or budget directors, will find much that speaks to them. While mostly in the domain of higher education economics, management, and planning, the essays are written for any serious reader concerned with the problem of reform in higher education.

William F. Massy is Professor of Education and Business Administration at Stanford University.

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Product Details

  • ISBN-13: 9780472106868
  • Publisher: University of Michigan Press
  • Publication date: 6/1/1996
  • Series: Economics of Education
  • Edition description: New Edition
  • Pages: 344
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.20 (d)

Table of Contents

Pt. 1 Background 1
1 Introduction 3
2 Reengineering Resource Allocation Systems 15
3 Productivity Issues in Higher Education 49
Pt. 2 Capital 87
4 Endowment 89
5 Optimizing Capital Decisions 115
Pt. 3 Decentralization 141
6 Organizing for Effectiveness: Lessons from Business 143
7 Revenue Responsibility Budgeting 163
Pt. 4 Other Contexts 191
8 Lessons from Health Care 193
9 Britain's "Performance-Based" System 223
Pt. 5 Models 243
10 Quantitative Funding Models 245
11 Global Accounts 267
12 Value Responsibility Budgeting 293
Index 325
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