Forecasting the Yield of Academic Software Investments in Nigerian Universities
Abejide Ade-Ibijola *
School of Computer Science, University of the Witwatersrand, Johannesburg, South Africa.
Elizabeth Y. Ibijola
Department of Educational Foundations and Management, Ekiti State University, Ado-Ekiti, Nigeria.
Babakemi Ade-Ibijola
Department of Marketing and Customer Management, University of Ghana, Legon, Ghana.
*Author to whom correspondence should be addressed.
Abstract
This paper presents a mathematical model (with computer simulation) for forecasting the profits of buying software for the automation of established processes in the Nigerian University System. The mathematical model uses certain assumptions to provide a basis for iterative estimation of future income and the obtained results are intended to assist the management and stakeholders in deciding if investing in a software project is worthwhile.
Keywords: Nigerian universities, educational funding, software investment, forecast, yield, optimal decisions, return on investment (ROI), modeling.