455.Paper.Peter Qu.UC Budget Cuts.AUT08

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Unformatted text preview: partial
list
of
alternatives.
 1) State
grants
UC
system
the
special
authority
for
bond
issuance
 2) Selling
of
UC’s
un‐utilized
land
and
assets
to
raise
cash
 3) Transfer
intellectual
properties
owned
by
the
UC
systems
to
private
sector
to
raise
 cash
 4) Modification
to
the
current
technology
transfer
agreement
to
expedite
loyalty
 payment
from
the
private
sector
to
the
UC
system
 5) Admit
more
out‐of‐state
and
foreign
students
at
greatly
increased
tuition
fee
to
raise
 cash
 The
decision
process
for
the
budget
cut
to
UC
does
not
include
sufficient
practical
alternatives.

 This
decision
should
receive
a
score
of
40
in
term
of
alternatives.
 VII. Information:
Uncertainties
about
budget
shortfall
and
impact
of
funding
reduction
 Though
no
decision
maker
will
have
the
access
to
perfectly
accurate
information,
a
good
 decision
process
should
use
the
best
possible
information
and
take
into
consideration
of
the
 uncertainty
in
the
information.

In
this
decision
of
funding
reduction
to
the
UC
system,
key
 information
includes,
1)
amount
of
total
budget
shortfall,
2)
short
impact
of
budget
reduction,
 and
3)
long
term
impact
of
budget
reduction.
 1) Amount
of
total
budget
shortfall
 To
arrive
at
the
fairly
accurate
amount
of
budget
deficit
for
the
State
of
California,
one
needs
a
 fairly
accurate
prediction
of
the
future
economic
environment
and
cash
flow
of
the
State.

The
 volatile
economic
environment
has
made
it
very
difficult
to
predict
the
future,
even
for
the
top
 economic
experts
in
the
nation
(Cassidy,
2008).

It
is
not
exp...
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