A financial and mathematical model for logistics of the educational process

Implementation of priorities in higher education calls for significant improvements in the efficient use of university resources. These tasks require the development of relevant tools and methods to effectively manage various aspects of university performance. In this regard, the development and introduction of fundamentally new management algorithms plays a leading role. To date, however, there are very few mathematical models intended to analyze, forecast, and optimize performance, management and other processes in higher education. The work has been carried out within one of the areas of economics of education dealing with the development of strategic financial management methods and algorithms. Among other things, it significantly updates the financial and mathematical model for budgeting structural subdivisions of higher education institutions, which was developed and presented in the authors’ earlier publications. In particular, this paper presents a model for managing the part of a university structural subdivision’s budget which is intended to fund the logistics of the educational process...