Recently released analysis finds that one large Group of Eight university outperformed other public universities in its research and education productivity outcomes during the pandemic.
The joint and common cost problem arises where there are two or more outputs that arise from costs that are shared in the production of these outputs.
In many situations, the ability to assign costs to these two or more outputs is not complex. But there are instances where it is highly complex. In these situations, there is a need to use advanced analytics to provide a valid and reliable estimate of costs.
UNIVERSITY COST MEASUREMENT and PRODUCTIVITY ASSESSMENT: Introducing the Research and Education Efficiency Frontier (REEF) Methodology
The need to measure costs and productivity in higher education is crucial for the effective and efficient use of resources.