A multiple objective programming approach for determining faculty salary equity adjustments

A multiple objective programming approach for determining faculty salary equity adjustments

0.00 Avg rating0 Votes
Article ID: iaor20022846
Country: Netherlands
Volume: 138
Issue: 2
Start Page Number: 302
End Page Number: 319
Publication Date: Apr 2002
Journal: European Journal of Operational Research
Authors:
Keywords: programming: multiple criteria, control, financial
Abstract:

A multiple objective programming approach is proposed as a new analytical tool to fit a model which is used to project faculty salaries. The projected salaries are used as a basis to allocate the available budget for faculty salary equity adjustments. The model is also used to classify all faculty members into two categories with one category consisting of those faculty members being underpaid and the other consisting of those being overpaid. The multiple objective programming approach is much more powerful than regression analysis for this purpose because budgetary and policy retrictions can be included in the model as constraints. It is also more flexible than the goal programming approach because it has desirable solution properties. Salary data from a public university are used as an example to demonstrate the use of the approach. In addition, determinants of faculty salaries and variables to be included in the model are briefly discussed.

Reviews

Required fields are marked *. Your email address will not be published.