A mathematical model for the simulation of the income of Chilean universities to aid their strategic decision making process

Authors:
Carlo A. Casorzo;Miguel D. Alfaro;Javier I. González
Affiliations:
Department of Industrial Engineering, University of Santiago of Chile, Santiago, Chile;Department of Industrial Engineering, University of Santiago of Chile, Santiago, Chile;Department of Industrial Engineering, University of Santiago of Chile, Santiago, Chile
Venue:
MACMESE'07 Proceedings of the 9th WSEAS international conference on Mathematical and computational methods in science and engineering
Year:
2007

Citing 1
Cited 0

Conceptualization and implementation of a multi-agent model to simulate whale-watching tours in the St. Lawrence Estuary in Quebec, Canada

Environmental Modelling & Software

Quantified Score

Hi-index	0.00

Visualization

Abstract

The Chilean universities that belong to the Council Board of Rectors of Chilean Universities are subject to direct and indirect fiscal money contributions, that depend on performance measures among other factors, and thus, their income is affected by these two contributions plus the student body's payment. The prediction of future income and the selection of strategic policies of these universities is a non trivial task. This paper presents a mathematical model of the Chilean universities dynamic system, used to create a simulation tool that gives these universities the capability to predict their income under different scenarios, created to aid their decision making process.