scholarly journals Value of branded education

e-Finanse ◽  
2020 ◽  
Vol 16 (4) ◽  
pp. 42-46
Author(s):  
Tomas Krabec ◽  
Romana Čižinská
Keyword(s):  
Higher Education ◽  
Net Present Value ◽  
Private University ◽  
Cash Flows ◽  
Degree Program ◽  
Private Higher Education ◽  
Student Perspective ◽  
Present Value ◽  
Study Program ◽  
Personnel Costs

Abstract The objective of the paper is to examine value creation in private higher education. The results of the research are to be applied in reasonable structuring of study programs and courses and for creating profitable business and marketing strategies for private universities. From a student perspective, higher education is a project that must generate a positive net present value. In the pre-investment and investment phases, students see cash outflows and opportunity costs. In the third phase, the project generates benefits that take the form of cash inflows from employment or doing business in the relevant field. The value of the study program from the perspective of a private university is produced by the present value of the future cash flows generated by the investment in the study program and its administration and operation. The main cash inflows are created by tuition revenues and the main cash outflows are brand-related investments and personnel costs. The market equilibrium occurs when the value of a degree program from the perspective of a private university corresponds to the total aggregate net present value of a degree program at a private university from a student perspective.

scholarly journals Reinvestment Bias When Analyzing Mutually Exclusive Assets

2011 ◽  
Vol 2 (3) ◽  
pp. 71
Author(s):  
Robert J. Sweeney
Keyword(s):  
Net Present Value ◽  
Capital Budgeting ◽  
Cash Flows ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate ◽  
Current Period ◽  
The Cost ◽  
Flows Over Time

Capital budgeting decisions generally involve the commitment of resources in the current period to secure positive cash flows over time that generate a rate of return in excess of the cost of the funds invested. The most common techniques used to perform this analysis are the Net Present Value (NPV) and the Internal Rate of Return (IRR).Conceptually, these two techniques are substitutable; i.e. the resulting decision from a NPV analysis is identical to the decision from an IRR analysis. In practice, however, the NPV and the IRR can, on occasion, produce conflicting decisions. Specifically, when analyzing mutually exclusive assets the Net Present Value can support one asset while the Internal Rate of Return supports the other. The purpose of this paper is twofold; first, to highlight structural deficiencies in the conventional application of the NPV and the IRR, and second, to demonstrate a procedure to correct for these structural errors.

The Predicted Implosion of Japan’s Private Higher Education System

2020 ◽  
pp. 13-34
Author(s):  
Jeremy Breaden ◽  
Roger Goodman
Keyword(s):  
Higher Education ◽  
Private University ◽  
Drop Out ◽  
Private Higher Education ◽  
High Rate ◽  
Japanese Economy ◽  
Higher Education System ◽  
Japanese Higher Education ◽  
System P ◽  
University Degree

This chapter tells the story of Japanese higher education from 1992 to 2010, from a period of great stability to one of anticipated implosion. It outlines the widely agreed features of Japanese higher education in the early 1990s, including a clearly defined university hierarchy, high demand for university places, high fees, low drop-out rates, direct links to the labour market, low rates of progression to graduate education, high rate of academic inbreeding, and slow progress on internationalization. Overall, the system was seen as highly developed and relatively stable, but just 10 years later virtually all of these features were under challenge. 1992 saw a peak both in the number of 18-year-olds in the Japanese population and in the global power of the Japanese economy. As the economy went into slowdown and then stagnation and the number of 18-year-olds shrank precipitously, so the voices of those predicting an implosion in the private university sector became louder. The chapter explains why this implosion was considered inevitable because of three intersecting facts: students were recruited almost entirely from school leavers; participation rates were already high; and there would be a 40 per cent drop in the number of school leavers in the population between 1992 and 2010. It then introduces some of the assumptions which followed from this anticipated implosion: dramatic drops in enrolment and revenue; bankruptcies and closures; the search for new markets and modes of operation; a questioning of the whole value of a university degree.

scholarly journals Evaluating Financial Viability of Olive Mills Enterprise in Jordan

2014 ◽  
Vol 6 (4) ◽  
pp. 173
Author(s):  
Bassam Aldeseit
Keyword(s):  
Net Present Value ◽  
Cash Flows ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Financial Viability ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Olive Oil Mills ◽  
Benefit Cost

The main aim of this study was to evaluate financial viability of olive oil mills enterprise. Thirty olive mills were investigated. A questionnaire was designed to obtain information from mills owners. The information obtained was mainly related to costs and returns. Cash flows were derived from costs and returns items of the enterprise. Three main discounted measures of project worth were used; these were Net Present Value (NPV), the Internal Rate of Return (IRR), and the Benefit Cost Ratio (B/C). The results of this study revealed that olive mills could be a viable encouraging, and profitable enterprise because of its capability to generate a highly positive and acceptable NPV (837966.05 JDs). The IRR (85%) and B/C ratio (2.3) values for this enterprise were economically accepted.

CAUTIOUS ANALYSIS OF PROJECT RISKS BY INTERVAL-VALUED INITIAL DATA

2006 ◽  
Vol 14 (06) ◽  
pp. 663-685 ◽  
Author(s):  
LEV V. UTKIN
Keyword(s):  
Initial Data ◽  
Net Present Value ◽  
Cash Flows ◽  
Random Set ◽  
Present Value ◽  
Random Set Theory ◽  
Imprecise Dirichlet Model ◽  
Project Risks ◽  
Dirichlet Model ◽  
Interval Valued

One of the most common performance measures in selection and management of projects is the Net Present Value (NPV). In the paper, we study a case when initial data about the NPV parameters (cash flows and the discount rate) are represented in the form of intervals supplied by experts. A method for computing the NPV based on using random set theory is proposed and three conditions of independence of the parameters are taken into account. Moreover, the imprecise Dirichlet model for obtaining more cautious bounds for the NPV is considered. Numerical examples illustrate the proposed approach for computing the NPV.

scholarly journals Análise financeira de sistemas de produção para novilhas em pastagem de Brachiaria brizantha

2015 ◽  
Vol 64 (246) ◽  
pp. 123-130 ◽  
Author(s):  
A. A. C. O. Peres ◽  
A. A. Santos ◽  
C. A. B. Carvalho ◽  
N. Brandalise
Keyword(s):  
Production System ◽  
Financial Risk ◽  
Net Present Value ◽  
Production Systems ◽  
Cash Flows ◽  
Economic Feasibility ◽  
Present Value ◽  
Savings Accounts ◽  
Return On Capital ◽  
Mineral Mixture

The objective was to determine the economic feasibility and financial risk of different production systems for dairy heifers grazing on Xaraes pallisadgrass pasture, during the year, with roughage supplementation of sugarcane, during the autumn-winter and the supply of mineral mixture (commercial and selective). Each production system was characterized and quantified in accordance with the administrative and livestock realized during the period February 2006 to March 2008. The cash flows were constructed for production system in a horizon of 12 years, being applied discount rates of 6, 10, 14, 18 and 22 % per year. About the cash flows were determined economic indicators of profitability: net present value and internal rate of return. The sensitivity and financial risk analyzes were realized. The production systems showed positive net present value at a discount rate of 14 % per year, which reflects the return on capital invested, compared to savings accounts. The trading price of the heifer is the item of greatest influence on economic results. The production systems had low financial risk of becoming unviable, given the price fluctuations that occurred in the market. The production systems are financial viable to exploration.

scholarly journals Wealth Accumulation in Rotation Forestry – Failure of the Net Present Value Optimization?

2019 ◽  
Author(s):  
Petri P. Kärenlampi
Keyword(s):  
Net Present Value ◽  
Cash Flows ◽  
Rate Of Return ◽  
Wealth Accumulation ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Direct Optimization ◽  
The Third ◽  
Financial Consequences ◽  
Appreciation Rate

We investigate wealth accumulation in forestry, assuming that revenues are re-invested. Three different optimization criteria are compared, two of which are based on cash flows, the third financially grounded. Direct optimization of wealth appreciation rate always yields best results. Procedures gained by maximizing internal rate of return are only slightly inferior. With external discounting interest rate, the maximization of net present value yields arbitrary results, with at worst devastating financial consequences.

scholarly journals PENGARUH KOMPETENSI DOSEN DAN PROSES PEMBELAJARAN TERHADAP KEUNGGULAN BERSAING PROGRAM STUDI DI PENDIDIKAN TINGGI

2018 ◽  
Vol 13 (3) ◽  
pp. 308-325
Author(s):  
Sahyar Sahyar
Keyword(s):  
Higher Education ◽  
Competitive Advantage ◽  
Hypothesis Testing ◽  
Learning Process ◽  
Private Higher Education ◽  
Primary Data ◽  
Validity And Reliability ◽  
Study Program ◽  
Census Methods ◽  
Study Programs

The research aims to study and analyze the influence of lecturer’s competence and learning process on study program competitive advantage either in simultaneous and partiality at private higher education in North Sumatera. This research was conducted by census methods over 44 S1 Management studies in Private Higher Education Kopertis of Regional I North Sumatera. The data used in this research were primary data collected by questioners. The research respondents were head and students of study programs.  The validity and reliability of the data was tested before hypothesis testing. The data analysis for hypothesis testing was the path analysis. This research concludes that: the role of lecturer’s competence and learning process influential significantly toward study program competitive advantage. Partially from both independent variables, the influence of lecturer’s competence toward study program competitive advantage is greater than learning process.

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