A Mathematical Model that Analyzes the Financial Implication of Outsourcing Policy for Private Universities in Nigeria

A Mathematical Model that Analyzes the Differences between the Cost of Maintaining the Desired Permanent Workforce (Academic Staff) and that of Maintaining the Entire Outsourcing Policy for Private Universities in Nigeria

“…However, if management must outsource academic staff; what would be the ideal number of outsourcing staff for a given university to maintain the lay down standard stipulated by NUC? Model of sort has been addressed in Enagbonma and Osagiede [13].Mathematical models for estimating the financial implications of outsourcing academic staff has been considered in the literature. For example, Enagbonma and Osagiede [14] identified wastages and shortages of academic staff in universities as issues of major concern to the management of privately owned universities.…”