The mathematical model for budgeting of structural subdivisions of higher educational institutions

The objectives of modernizing the management system of educational institutions are particularly relevant nowadays. Primarily, this is due to the fact that there is now both an opportunity and a need for making the Russian education system a spur to the country's economic growth, welfare, competitiveness and national security. The two major guidelines for education modernization are indicated as updating the content of education and the economics of education. The core task of the latter direction is to enhance the effectiveness of education. To achieve an optimal balance of organizational, financial and other resources of higher educational institutions, to implement their strategic development plans and to meet their targets, it is necessary to develop innovative methods of economic analysis and algorithms of financial management for both an educational institution as a whole and its structural subdivisions in particular. This study is primarily aimed at devising an economic and mathematical model for budgeting structural subdivisions of higher educational institutions engaged in research, educational, pedagogical and economic activities...