Theoretical Article

Budget-performance simulations: A Pedagogical example

Volume: 20 Number: 42 December 19, 2021
TR EN

Budget-performance simulations: A Pedagogical example

Abstract

Purpose: This paper has two main purposes, the first of which is to present a simple pedagogical example of budget-performance simulations that can be used for instructional purposes. The second purpose is to formulate a research hypothesis about the effects, on the overall performance, of (i) the overall level of physical and academic-managerial human capital investments and (ii) the allocation of resources between physical capital and academic-managerial human capital. Method: We have employed a system dynamics method so as to construct a simplified setup (model) where some pedagogically illustrative components of the budget are specified and linked to an elementarily exemplified performance function. We have then simulated the investment-based performance trajectories to demonstrate the findings of the paper. We have shown how to undertake a policy-based optimization as well. The method (system dynamics) we have chosen is suitable for the modeling of complexly-interwoven optimization and simulation processes. Findings: Through simulation and policy-based performance optimization exercises, we have demonstrated that the physical and academic-managerial capital investments matter and there exists an optimal allocation of resources that maximizes the university performance. Originality: There is a need for a comprehensive and in-depth examination/inquiry of the performance optimization and simulation processes associated with the higher education institutions. This article represents a modest contribution to such an inquiry.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Theoretical Article

Publication Date

December 19, 2021

Submission Date

September 30, 2021

Acceptance Date

December 16, 2021

Published in Issue

Year 2021 Volume: 20 Number: 42

APA
Kara, A. (2021). Budget-performance simulations: A Pedagogical example. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 20(42), 1688-1703. https://doi.org/10.46928/iticusbe.1002972
AMA
1.Kara A. Budget-performance simulations: A Pedagogical example. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi. 2021;20(42):1688-1703. doi:10.46928/iticusbe.1002972
Chicago
Kara, Ahmet. 2021. “Budget-Performance Simulations: A Pedagogical Example”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 20 (42): 1688-1703. https://doi.org/10.46928/iticusbe.1002972.
EndNote
Kara A (December 1, 2021) Budget-performance simulations: A Pedagogical example. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 20 42 1688–1703.
IEEE
[1]A. Kara, “Budget-performance simulations: A Pedagogical example”, İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, vol. 20, no. 42, pp. 1688–1703, Dec. 2021, doi: 10.46928/iticusbe.1002972.
ISNAD
Kara, Ahmet. “Budget-Performance Simulations: A Pedagogical Example”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 20/42 (December 1, 2021): 1688-1703. https://doi.org/10.46928/iticusbe.1002972.
JAMA
1.Kara A. Budget-performance simulations: A Pedagogical example. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi. 2021;20:1688–1703.
MLA
Kara, Ahmet. “Budget-Performance Simulations: A Pedagogical Example”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, vol. 20, no. 42, Dec. 2021, pp. 1688-03, doi:10.46928/iticusbe.1002972.
Vancouver
1.Ahmet Kara. Budget-performance simulations: A Pedagogical example. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi. 2021 Dec. 1;20(42):1688-703. doi:10.46928/iticusbe.1002972