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AN ALGORITHM FOR COMPUTER SIMULATION OF ELASTICITY OF DEMAND FOR HIGHER EDUCATION

Cost has an undeniable effect on educational programs; decreased enrollment has become a serious problem for universities in many countries because of the financial importance of the cost of education. / This research study was carried out in seven major steps to develop a planning simulation model in the area of elasticity of demand for higher education. The results of this study are intended to serve as a quantitative tool to aid planners and decision makers in reaching conclusions concerning the elasticity of demand for higher education, and to help them to predict and optimize--actions which are very important in reaching better decisions. Under the assumption that universities are open to all students who can afford the expense, and have the capacity for maximum enrollment, the simulation model developed was divided into three phases: the first phase illustrated use of two techniques to compute elasticity. The second phase involved use of forecasting techniques. Phase three was the plotting process and the construction of the optimization tables showing (a) the real values for the cost and enrollment for what is, (b) the forecast values for what could be, and (c) the optimum values of what should be. / The principal conclusion of the study is that by utilizing the concepts presented, the demand problem will be identified; the user will be able to forecast enrollment, cost, and elasticity to predict what the situation will be in his/her institution in the future. Then he or she will be able to make optimal decisions. / Source: Dissertation Abstracts International, Volume: 44-10, Section: A, page: 2942. / Thesis (Ph.D.)--The Florida State University, 1983.

Identiferoai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_75188
ContributorsKAYLANI, ANMAR M. Z., Florida State University
Source SetsFlorida State University
Detected LanguageEnglish
TypeText
Format262 p.
RightsOn campus use only.
RelationDissertation Abstracts International

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