AN ECONOMIC MODEL OF THE NAVAL POSTGRADUATE SCHOOL
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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The increased size and complexity of educational institutions has created a need for an economic model of such institutions as an aid to planning and resource allocation. It is shown that economic theory can be applied to an analysis of the Naval Postgraduate School. A modified activity analysis technique is used to model the schools operation. The mathematical programming structure of the model emphasizes the objective of efficient operation. The necessary conditions of the programming problem are used to characterize decision rules for efficient operations. The decision rules stress the complexity of the problems facing school administrations. Application of the comparative statics technique to the model provides relationships which demonstrate that the total marginal effect of parameter variation can be decomposed. The components of these effects are interpreted as income, substitution, and revaluation effects.
- Administration and Management
- Economics and Cost Analysis
- Sociology and Law