International Business Management

Year: 2012
Volume: 6
Issue: 5
Page No. 568 - 575

A Conceptual Overview on Quantitative Models in Higher Education’s Budget Planning

Authors : Rossidah Wan Abdul Aziz, Norngainy Mohd. Tawil, Adibah Shuib and Abdul Halim Mohd. Nawawi

Abstract: Managing budget at institution of higher learning is a complex multi-level resource allocation problem where competition and balancing acts are involved at various levels. This study provides a literature review on the applications of Mathematical Programming (MP) in budget planning. It will analyze which variants of MP are the most commonly used and their applications in budget planning in institution of higher learning. It is observed that goal programming constitutes the highest number of mathematical programming model proposed to handle resource allocation and budgeting problem in institution of higher learning.

How to cite this article:

Rossidah Wan Abdul Aziz, Norngainy Mohd. Tawil, Adibah Shuib and Abdul Halim Mohd. Nawawi, 2012. A Conceptual Overview on Quantitative Models in Higher Education’s Budget Planning. International Business Management, 6: 568-575.

Design and power by Medwell Web Development Team. © Medwell Publishing 2022 All Rights Reserved