An Optimization Model for the Allocation of University Based Merit Aid

Autor/in	Sugrue, Paul K.
Titel	An Optimization Model for the Allocation of University Based Merit Aid
Quelle	In: Journal of Student Financial Aid, 40 (2010) 2, S.21-30 (10 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0884-9153
Schlagwörter	Private Colleges; Mathematical Applications; Student Financial Aid; College Admission; Models; Higher Education; Scores; Tuition; Budgets; Probability; Decision Making; Enrollment; Merit Rating; SAT (College Admission Test) + Suchen Sie Ihr Suchwort? Privathochschule; Angewandte Mathematik; Innermathematische Anwendung; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Hochschulzugang; Hochschulzulassung; Zulassung; Analogiemodell; Hochschulbildung; Hochschulsystem; Hochschulwesen; Unterweisung; Unterricht; Finanzhaushalt; Wahrscheinlichkeitsrechnung; Wahrscheinlichkeitstheorie; Decision-making; Entscheidungsfindung; Einschulung; Analytische Arbeitsbewertung
Abstract	The allocation of merit-based financial aid during the college admissions process presents postsecondary institutions with complex and financially expensive decisions. This article describes the application of linear programming as a decision tool in merit based financial aid decisions at a medium size private university. The objective defined for the model is to maximize the quality of the incoming class as measured by average combined SAT scores. The approach involves using the yield rates from the previous year for each combination of SAT score and merit aid award while eliminating from consideration combinations for which insufficient data is available. Parameter estimation is based upon 2006 data and the results of the model are measured against 2007 data. It is shown that the modeling approach yielded a higher average SAT scores when applied to actual 2007 admissions data. (Contains 4 tables.) (As Provided).
Anmerkungen	National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10