American Journal of Educational Research
ISSN (Print): 2327-6126 ISSN (Online): 2327-6150 Website: Editor-in-chief: Ratko Pavlović
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American Journal of Educational Research. 2015, 3(8), 1015-1019
DOI: 10.12691/education-3-8-11
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The Time Equations and Formula Budgeting in Jointed Model for Higher Education

Cheporov Valeriy1 and Cheporova Galina1,

1Economic Faculty, V.I. Vernadsky Crimean Federal University, Simferopol, Republic of Crimea, Ukraine

Pub. Date: July 23, 2015

Cite this paper:
Cheporov Valeriy and Cheporova Galina. The Time Equations and Formula Budgeting in Jointed Model for Higher Education. American Journal of Educational Research. 2015; 3(8):1015-1019. doi: 10.12691/education-3-8-11


Formula budgeting is the most common and simple method of university funding, which is based on the amount of funding for all the resources or just FTE staff, depending on the number of students. The aim is to establish the relationship between demand and supply of resources as a function of the number of students and levels of activity. The paper develops a model of non-monetary break-even in the meters by combining both time equations of time driven activity based costing and formula budgeting. Results for Ukrainian universities show that the tuition fees provide less means of student / teacher ratio, than the one proposed by the Government.

time equations formula budgeting jointed model higher education

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