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Snowdon, K., “Higher Education Costs and Cost Drivers Looking forward – by revisiting the past.” A Review of Cost Studies, Formula Funding and Cost Drivers. [Working Draft]. November 2011. Available: http://www.snowdonandassociates.ca/Costs%20and%20Cost%20Studies.doc. [Accessed Jan. 28, 2013].

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Article

The Time Equations and Formula Budgeting in Jointed Model for Higher Education

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


American Journal of Educational Research. 2015, Vol. 3 No. 8, 1015-1019
DOI: 10.12691/education-3-8-11
Copyright © 2015 Science and Education Publishing

Cite this paper:
Cheporov Valeriy, 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.

Correspondence to: Cheporova  Galina, Economic Faculty, V.I. Vernadsky Crimean Federal University, Simferopol, Republic of Crimea, Ukraine. Email: cheporov@crimea.edu

Abstract

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.

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