We introduce a quantitative model that can be used for decision support for planning and optimizing the composition of portfolios of market-driven academic programs within the context of higher education. This model is intended to enable leaders in colleges and universities to maximize financial performance of the selection of market-driven academic programs while also achieving qualitative targets for dimensions of the portfolio (e.g., mission alignment, student demographics, and faculty characteristics). This model is then applied to a case from a school of continuing education at a prestigious private university in the US. The results of the case highlight the potential positive impact of utilizing a model such as this for planning purposes.
|Place of Publication||Tilburg|
|Publisher||CentER, Center for Economic Research|
|Number of pages||44|
|Publication status||Published - 15 May 2017|
|Name||CentER Discussion Paper|
- program portfolio optimization
- strategic planning
- integer linea programming
- higher education
- quantifying qualitatvie program data
Burgher, J., & Hamers, H. (2017). A Quantitative Optimization Framework for Market-Driven Academic Program Portfolios. (CentER Discussion Paper; Vol. 2017-025). Tilburg: CentER, Center for Economic Research.