Financial Sustainability of Colleges as Complex Service Systems

Worcester Polytechnic Institute Department of Social Science and Policy Studies (SSPS) Working Paper No. 2019-001

35 Pages Posted: 29 Jul 2019

See all articles by Oleg V. Pavlov

Oleg V. Pavlov

Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies

Evangelos Katsamakas

Gabelli School of Business, Fordham University

Date Written: July 25, 2019

Abstract

This article analyzes the long-term financial sustainability of small tuition-based colleges in the context of rapid and accelerating transformation caused by demographic changes in the undergraduate student market.

Keywords: service systems; computational model; service dynamics; higher education; higher education strategy; small colleges; financial sustainability, systems thinking; system dynamics; simulation

Suggested Citation

Pavlov, Oleg V. and Katsamakas, Evangelos, Financial Sustainability of Colleges as Complex Service Systems (July 25, 2019). Worcester Polytechnic Institute Department of Social Science and Policy Studies (SSPS) Working Paper No. 2019-001, Available at SSRN: https://ssrn.com/abstract=3426594 or http://dx.doi.org/10.2139/ssrn.3426594

Oleg V. Pavlov (Contact Author)

Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies ( email )

100 Institute Road
Worcester, MA 01609
United States

HOME PAGE: http://www.olegpavlov.org

Evangelos Katsamakas

Gabelli School of Business, Fordham University ( email )

140 West 62nd Street
New York, NY 10023
United States

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