Internal Pricing Within the University - A Conference Report

SSRN Electronic Journal, 2000

This study examines the pricing methods for educational programs at institutes of higher learning (IHLs) in Malaysia. Managerial efforts adopted by the IHLs to support their pricing methods are also discussed. It is found that IHLs used competition-based and demand-based pricing methods. Managerial efforts include focus on niche, cost management, program evaluation and financial support. Case study approach was used. Cases are chosen based on The MQA Rating System for Higher Education Institutions in Malaysia for 2009 (SETARA '09). Data was collected from selected institutions from the Tier 5 -Outstanding and Tier 4 -Very Good ratings. Research findings contribute to the limited pool of studies in the field of pricing for service industry, especially from the Asian region. Findings can also be useful to various stakeholders including Ministry of Higher Education (MOHE) in determining the development and operational grants for the public institutions of higher learning, and monitoring of fees charged by the private institutions of higher learning; sponsors in determining the amount of scholarships; corporate bodies in determining amount of contribution to education sector; parents in determining their investment in education; and students in realizing the cost of their studies.

Economic Affairs, 2005

2011

Abstract This paper presents a review of the literature on dynamic pricing models in management science. We discuss monopolistic and competitive situations, with an emphasis on applications in different contexts. We also describe the main development perspectives of this literature.

The structure of higher education is constantly changing world-wide -including Hungary. The traditional view of Higher Education as a 'public good' financed by the state, is weakening since it is becoming increasingly obvious that governments cannot afford to finance the growing demand for Higher education. The consequence of these trends in Hungary is that, whilst some students are financed by the government, the rest pay tuition fees. The paper discusses the possible methods which a public University may use when calculating its tuition fee for a given field of study. The advantages and disadvantages of cost-based pricing, ongoing pricing, and value-based pricing are discussed. The study introduces a model for calculating the life-cycle value of a degree, which may help in a comparison of the pricing methods of the competing institutions

Journal of Revenue and Pricing Management, 2002

In mid 2017, a special issue on Implementing Pricing Strategies will be guest edited by Dr. Andreas Hinterhuber. We would like to invite the scientific and practicing community to submit papers by 30 November 2016 in order to be considered for publication.

2009

Over the years, there has been several discussions over the alleged gap between management accounting theory and practice. As a result, researchers sympathetic to neoclassical economies have sought to rationalize the gap in terms of information economics and have proposed constrained optimisation as the norm. Scapens (1994) and Ahmed & Scapens (2000) have suggested that, the old institutional economics framework might better explain management accounting practice. The old institutional economics originated about the same time as neoclassical economics and in opposition to its rationalization of the gap, it largely rejects rational optimisation as the basis for much of human behaviour and stresses, instead rule following and adherence to custom. This research paper reports on the findings of two case studies undertaken as part of a programme of case studies intended to examine the power of the old institutional economics framework to explain the gap between management accounting theory and practice, in the realm of costing for pricing. The paper concludes that, much observed management accounting practice is difficult to reconcile with ex ante constrained optimisation, but is explicable in terms of conditioning by various institutions in question.

Procedia - Social and Behavioral Sciences, 2014

The major task of cost accounting is connected with the allocation of indirect costs to cost objects. To allocate indirect costs (also called as overhead or common costs) to cost objects cost drivers are selected as the cost allocation bases. Selecting the cost drivers is critically important for developing costing methodology. In order to improve the accuracy and credibility of the allocation the most appropriate cost drivers should be selected, and more than one cost driver should be applied. Thus the decision on which and how many cost drivers to use is of critical importance. The number of cost drivers should be optimal, as an excess number of cost drivers could lead to skewed results. The aim of this article is to present the theoretical framework of the cost drivers, including the selection of cost drivers, and to report on the author's research on cost accounting. The article describes cost drivers, specifies their meaning, gives an overview of their classification, typologies, and also discusses the selection methods, relevant research papers and other issues regarding the cost drivers. The article also provides the first-time review of the study carried out on implementation of cost accounting in universities, including the use of cost drivers. The survey was conducted among different universities all over the world in the period from May to September 2013.