A MADM justification of a budget reduction decision

A MADM justification of a budget reduction decision

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Article ID: iaor19921422
Country: United Kingdom
Volume: 19
Start Page Number: 539
End Page Number: 548
Publication Date: Oct 1991
Journal: OMEGA
Authors: ,
Keywords: financial, education
Abstract:

In 1988, a significant budget reduction at the University of Wyoming left the Athletic Department nearly $700000 short on operating funds compared to the previous biennium. In order to make the necessary monetary cuts, the Athletic Department eliminated the men’s and women’s varsity ski teams from University sponsorship, thus removing one of the most successful and popular programs from the athletic family. A protest of this action quickly spread throughout the state and the Athletic Department received harsh criticism. However, through the cardinal preference techniques of Multiple Attribute Decision Making, it was determined that the criticism of the Athletic Department for dropping the ski programs was unfounded. But in light of the politics of the situation, after several months of deliberation, the ski programs were eventually reinstated with a greatly reduced budget and the team committed to raise a certain percentage of their monetary requirements through their own fund raising efforts.

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