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Research Article Open access CC BY 4.0

Forecasting the Yield of Academic Software Investments in Nigerian Universities

Abejide Ade-Ibijola, Elizabeth Y. Ibijola, Babakemi Ade-Ibijola

Journal of Advances in Mathematics and Computer Science · pp. 502–514 · Published 14 Nov 2014

10.9734/BJMCS/2015/13066

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.

Nigerian universities educational funding software investment forecast yield optimal decisions return on investment (ROI) modeling.

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