The rationale for optimization of higher education institutions’ allocation of available resources

DOI

10.2991/mdsmes-19.2019.49How to use a DOI?

Keywords

Budgetary funds, funding, education, scientific developments, budget, planning, trend, forecast model, costs

Abstract

The funding models of higher education institutions’ activities were investigated. The regulatory practice in determining the resources levels used as a method of budget allocation was studied. The trends of changes in the budget expenditure on education were researched. Based on the time trend lines, the single-factor forecast models for the consolidated Ukrainian budget expenditure on education were built by using the Excel program. The methods of calculating the cost of tuition per student and budgetary programs formation based on essentially new funding mechanisms and given the new conditions in the labour market were defined. The problematic issues of funding higher education institutions in modern conditions were revealed. The main priorities of education and science funding reform were outlined; the need to implement the allocation of budgetary funds for higher education institutions was defined, with the core funding to be formed on the basis of calculating the average cost of one specialist training, and part of the formula to be used to encourage education institutions to achieve results. The methodological approaches to determining the cost of education services were offered given the international accounting standards and experience of post-socialist EU countries, a client-oriented model for determining tuition fees and the developments, including standard regulations for attractive credit resources which can be used by the private sector for training. In order to stimulate private investment in EU science, it is suggested using tax incentives for higher education institutions.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lyudmila Oleynikova
AU  - Valentyna Helman
AU  - Iryna Halushchak
AU  - Yuriy Chuchuk
PY  - 2019/10
DA  - 2019/10
TI  - The rationale for optimization of higher education institutions’ allocation of available resources
BT  - Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)
PB  - Atlantis Press
SP  - 261
EP  - 265
SN  - 2352-5428
UR  - https://doi.org/10.2991/mdsmes-19.2019.49
DO  - 10.2991/mdsmes-19.2019.49
ID  - Oleynikova2019/10
ER  -