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

Wastages and shortages of academic personnel in universities are issues of great concer­n to management of universities (Both public and private). However, in the available literature, there are no adequate mathematical models that evaluate the cost implications of personnel outsourcing policy for private universities to deal with such issues. We develop a mathematical model that can address such real life problems. The idea of Linear algebra was used to develop the model for the case scenario. The model is able to compute the financial implication of outsourcing academic staff for private universities. The result obtained gave the financial implication of maintaining the entire personnel outsourcing policy.