This paper describes the application of a long-run Financial Planning Model (FPM) for a multi-campus college. The paper provides a description of the FPM and its assumptions: the mathematical formulation of the model; the enrollment projections procedure used to determine the resource requirements; and the income projections. Finally, a policy scenario analysis is done to test the sensitivity of the resource requirements to changes of various parameters, such as student enrollment, faculty-student ratio, and the percentage of full-time faculty.
ASJC Scopus subject areas
- Geography, Planning and Development
- Economics and Econometrics
- Strategy and Management
- Statistics, Probability and Uncertainty
- Management Science and Operations Research