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...