University of Tabriz
Islamic World Science Citation Center (ISC)
Talebian, M., Shafaei, A. (2020). Cost and Revenue Allocation in Universities’ Operational Budgeting. , 7(2), 77-102. doi: 10.22034/ecoj.2020.11154
Masoud Talebian; Abolfazl Shafaei. "Cost and Revenue Allocation in Universities’ Operational Budgeting". , 7, 2, 2020, 77-102. doi: 10.22034/ecoj.2020.11154
Talebian, M., Shafaei, A. (2020). 'Cost and Revenue Allocation in Universities’ Operational Budgeting', , 7(2), pp. 77-102. doi: 10.22034/ecoj.2020.11154
Talebian, M., Shafaei, A. Cost and Revenue Allocation in Universities’ Operational Budgeting. , 2020; 7(2): 77-102. doi: 10.22034/ecoj.2020.11154

Cost and Revenue Allocation in Universities’ Operational Budgeting

نظریه های کاربردی اقتصاد
Volume 7, Issue 2 - Serial Number 25, September 2020, Pages 77-102    PDF (569.28 K)
Document Type: Research Paper
DOI: 10.22034/ecoj.2020.11154
Authors
Masoud Talebian* 1; Abolfazl Shafaei2
1Graduate School of Management and Economics, Sharif University of Technology
2Industrial Engineering, Sharif University of Technology
Abstract
In recent years, there has been a strong push to establish operational budgeting to set clear goals for activities in government agencies. Thus, universities, as executive agencies in the governmental financial system, are obligated to implement operational budgeting. One of the main objectives for imposing operational budgeting is making the subunits responsible as well as a fair distribution of budget through cost and revenue allocation. A game theory approach is presented for a better allocation of budget to sub-sectors in a university. More precisely, budget allocation is modeled as a co-operative game with departments as the players where their benefits form the characteristic function. First, the core concept is applied for the allocation, so all players’ interests are saved to guarantee the continuation of their collaboration. Then, regarding the possibility of no-existence of the core, the nucleolus is applied to minimize the players’ dissatisfaction. Finally, the novel suggested method in the paper is applied in a university where the results are per experts’ expectations to a good amount
Keywords
Game Theory; Coalitional Games; Core; Nucleolus
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