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

Universities are complex institutions with multidimensional objectives. Lack of understanding of the "production process" for teaching and research, and a lack of approved procedures for making cost allocations, make it difficult to organize formal planning systems at the level of an academic...

Five-year projections of university expense and income items are incorporated into a model requiring long-run financial equilibrium (LRFE) at the end of the planning period. LRFE means that both budget levels and growth rates are in balance. The "transition to equilibrium" model consists of a...

This paper describes a long-range planning procedure for administrators in private universities. The procedure operates by generating a sequence of alternative future configurations of the university that satisfy several financial constraints and by helping an administrator to assess his...

There are many situations where one is interested in predicting the expected number of events in period 2 given that x events occurred in period 1. For example, insurance companies must decide whether or not to cancel the insurance of drivers who had 3 or more accidents during the previous year....

Clemen and Winkler (1985) have described the theoretical effectiveness of Winkler's (1981) formula for optimally combining forecasts. The optimality of Winkler's formula is, however, contingent on actually knowing the forecasters' statistical properties, i.e., the variances and covariances of...

Virtually all of the empirical studies on market segmentation can be characterized as unsuccessful in terms of R². That is, the set of independent variables used have not explained much of the variance in purchasing behavior. R²'s of 0.01 and 0,02 are not uncommon. In this article we show that...</sup>

In the field of media research, the beta binomial has performed very well for estimating the distribution of the frequency of exposures to a media vehicle. However, long-term projections have shown consistent biases. The beta binomial geometric model, an extension of the well-known beta binomial...

This article is concerned with counting and identifying those customers who are still active. The issue is important in at least three settings: monitoring the size and growth rate of a firm's ongoing customer base, evaluating a new product's success based on the pattern of trial and repeat...

In this paper we will present some basic concepts of the Hendry System and derive the results claimed in the HendroDynamics Chapters [HendroDynamics: Fundamental Laws of Consumer Dynamics, Hendry Corporation, Chapter 1 (1970) and Chapter 2 (1971).] from two simple probabilistic assumptions;...