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Document Type

Thesis - University Access Only

Award Date

2014

Degree Name

Master of Science (MS)

Department / School

Construction and Operations Management

First Advisor

Ross Kindermann

Abstract

Nowadays, universities strive to remain cost effective in the face of increasing expenses and diminishing state support. Recent research studies in revenue and cost management have shown increasing interest in this area and prove the value of the revenue and cost management for academic administrators. Many approaches to cost analysis, revenue management and resource allocation have been developed for universities; however the difficult part is realization of these models in practice. The goal of this research project is to create an applied Integrated Cost-Revenue Management (ICRM) Model for budgeting and strategic planning purposes at the departmental level of a university within a decentralized budgeting framework. Review of research works in the field of cost and revenue management supported the development of a theoretical framework for integrated revenue and cost management (IRCM) for a university. Cost classification and analysis framework has been developed in scope of IRCM; cost management methods and techniques have been chosen and justified for application to a university cost management. Risk analysis and measurement system are parts of the developed theoretical framework. Practical implication of the theoretical IRCM framework has been realized in the developed MS Excel-based IRCM model for a departmental level of a university. The IRCM model includes options for budgeting, strategic decision-making (including risk analysis), and operational level analytics. The ICRM Model was built in accordance with requirements of a new decentralized budgeting model which is in the implementation stage at South Dakota State University (SDSU). Detailing and summarizing of the ICRM Model output on costs, revenue, capacity, and resources supports managerial decisions, unit performance evaluation, and operational and strategic goals measures. Relevance of the developed IRCM model has been tested in the Construction and Operations Management department at SDSU. Features and outcomes of an initial model in use and new developed IRCM model were compared and evaluated.

Library of Congress Subject Headings

Universities and colleges -- Finance -- Accounting Education, Higher -- Finance

Description

Includes bibliographical references (pages 76-83)

Format

application/pdf

Number of Pages

94

Publisher

South Dakota State University

Rights

In Copyright - Non-Commercial Use Permitted
http://rightsstatements.org/vocab/InC-NC/1.0/

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