A university admissions system

This paper presents a mathematical programming model that will make admit/reject decisions for applicants to a university freshman class.The model is intended to aid (rather than replace) reviewers and will help produce better and more consistent decisions. It also provides a university administration with some control over “balance” in the composition of the student body and allows investigation of the consequences of alternative admission policies.The nature of the problem suggests an integer programming formulation, however it is shown that a linear programming formulation will provide an efficient and practical solution for all but a very small set of applicants (no more than 19).     

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An evaluation of the success of the hungarian economic reform: An analysis using international-trade data

The behavior of centrally planned economies (CPE's) will markedly differ from that of market economies (ME's). Tests of the success of decentralizing reforms in Hungary are based on comparing the behavior of post-reform Hungary to CPE's and ME's at similar levels of development. The basis of comparison is the pattern of comparative advantage. Discriminant analysis is used to examine whether there are significant differences between CPE's and ME's. The discriminant function, a linear function of the comparative advantages, is then used to classify pre- and post-reform Hungary. The results indicate that the reform has been effective.     

IX. Geld und kapital

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