Interactive Preference Optimization for University Administrators

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 preferences...

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Bibliographic Details
Published in:Management science 1978-02, Vol.24 (6), p.599-611
Main Authors: Wehrung, Donald A, Hopkins, David S. P, Massy, William F
Format: Article
Language:English
Subjects:
Algorithms
Colleges & universities
Endowment
Endowments
Equilibrium
Linear programming
Management science
Mathematical procedures
Mathematical programming
Objective functions
Preferences
Private schools
Universities
University administration
Variables
Working capital
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Summary: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 preferences on them. A mathematical programming algorithm is used to structure the interactive identification/search procedure. It incorporates the strategy of restriction and linear programming methods to generate new configurations, and it relies upon the interactively assessed preferences of the administrator to guide the search process rather than a standard objective function.
ISSN:0025-1909
1526-5501
DOI:10.1287/mnsc.24.6.599