Advanced Search
MyIDEAS: Login to save this article or follow this journal

Measuring the Effects of a University Planning Decision Aid

Contents:

Author Info

  • Nathan Dickmeyer

    (Monterey Institute of International Studies)

Registered author(s):

    Abstract

    University administrators involved in budget planning must trade off variables such as faculty size, faculty salary increments, tuition increases, and investment in new initiatives. TRADES is a computer-based, interactive financial model designed to assist in making trade-offs and finding preferred feasible solutions. This paper presents the results of an experiment to test the significance of preference changes resulting from the use of the TRADES model. In this experiment, 38 subjects were divided into two groups, one provided with TRADES and the other only with a printed university projected forecast. The subjects were asked to rank-order 27 different five-year financial policies. The two groups were compared using the preference function assessment technique of Srinivasan and Shocker. The policy preference changes by TRADES users were found to be significantly greater than the preference changes by nonusers. That is, the experience of using the TRADES model to assess budget policy altered the choice of preferred policy. The implication of this experiment is that the preference functions evolve as better understanding is reached of trade-offs and constraints. Therefore, simply eliciting preference functions and then running a model is not sufficient in situations in which learning can take place.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://dx.doi.org/10.1287/mnsc.29.6.673
    Download Restriction: no

    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 29 (1983)
    Issue (Month): 6 (June)
    Pages: 673-685

    as in new window
    Handle: RePEc:inm:ormnsc:v:29:y:1983:i:6:p:673-685

    Contact details of provider:
    Postal: 7240 Parkway Drive, Suite 300, Hanover, MD 21076 USA
    Phone: +1-443-757-3500
    Fax: 443-757-3515
    Email:
    Web page: http://www.informs.org/
    More information through EDIRC

    Related research

    Keywords: education systems: planning; organizational studies: information; utility/preference: applications;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:29:y:1983:i:6:p:673-685. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.