Modelování optimální výše zápisného na české veřejné vysoké školy

Modeling the optimal level of the enrollment fee at Czech public universities

Jiri Mazurek

MPRA Paper from University Library of Munich, Germany

Abstract: Public universities in the Czech Republic suffer from insufficient funding for many years. One possibility for an increased funding of Czech public universities is an introduction of a low administrative fee called enrollment fee for each semester of a study. The aim of this article is to show how to find the optimal level of the enrollment fee for a given university so the total revenue of a university for enrolling students is maximal. This is done via mathematical model encompassing parameters such as maximal enrollment fee, sensitivity of enrolling students to the level of the enrollment fee, the number of enrolling students, etc. By improperly adjusted enrollment fee a university can lose millions or tens of millions crowns per year. Thus, the determination of the optimal level of the enrollment fee has high practical value, as it enables a university to maximize its combined revenue from the enrollment fee and the number of enrolling students.

Keywords: Czech Republic; enrollment fee; mathematical modeling; optimization; total revenue, university. (search for similar items in EconPapers)
JEL-codes: C61 I22 (search for similar items in EconPapers)
Date: 2014-07-06
New Economics Papers: this item is included in nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57136

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