On Multiple Criteria Financial Resource Allocation in Higher Education Institutions

Abstract

The increasing competition among higher education organisations, along with financial support from government that is gradually reduced on one hand and the increasing expenditure of higher education on the other hand, has caused any higher education institutions to allocate their financial resources to their units appropriately. This paper is about financial resource allocation in higher education which is addressed with multiple criteria as their bases. At the end of the paper, a numerical example of financial resource allocation planning outperformed by a higher education institution, of which criteria are performance and its needs, is presented.