%0 Journal Article
	%A  Yiannis Smirlis and  Dimitris K. Despotis
	%D 2013
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 80, 2013
	%T Comparative Analysis of the Public Funding for Greek Universities: An Ordinal DEA/MCDM Approach
	%U https://publications.waset.org/pdf/16126
	%V 80
	%X  This study performs a comparative analysis of the 21 Greek Universities in terms of their public funding, awarded for covering their operating expenditure. First it introduces a DEA/MCDM model that allocates the fund into four expenditure factors in the most favorable way for each university. Then, it presents a common, consensual assessment model to reallocate the amounts, remaining in the same level of total public budget. From the analysis it derives that a number of universities cannot justify the public funding in terms of their size and operational workload. For them, the sufficient reduction of their public funding amount is estimated as a future target. Due to the lack of precise data for a number of expenditure criteria, the analysis is based on a mixed crisp-ordinal data set.
	%P 2327 - 2332