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UID:pretalx-2024-NBXHD8@conferences.acspri.org.au
DTSTART;TZID=AEST:20241128T133000
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DESCRIPTION:Using the example of Australian universities\, this workshop il
 lustrates how stated preference experiments and choice models. The focus i
 s on how these methods can be used to provide demand forecasts of internat
 ional student enrolments and estimates of the economic value of the study 
 in Australia to international students. \n\nAustralian universities operat
 e in a highly competitive international environment. They compete with est
 ablished universities in the United States\, the United Kingdom\, Canada\,
  and emerging universities in Asia. Australian universities can improve th
 eir financial performance and marketplace positioning by better forecastin
 g future demand from international students and estimating the economic va
 lue of university education to international students.\n\nThe contribution
  of the workshop is primarily illustrative – it illustrates the use of SP
  experiments and choice models to generate the information university deci
 sion makers need to make decisions in relation to forecasting demand from 
 international students\, managing revenue generated from tuition fees paid
  by international students\, understanding sensitivity to changes in tuiti
 on fees\, and understanding the economic value to prospective internationa
 l students of university study and its component parts.\n\nThe workshop pl
 aces emphasis on the outputs generated from the econometric analysis of da
 ta generated from SP experiments. As noted above\, these outputs include:\
 n\n1. Demand functions\,\n2. Revenue functions\,\n3. Willingness-to-pay es
 timates\, and\n4. Price elasticities of demand.\n\nUniversities should con
 sider the use of SP experiments and choice models to estimate demand from 
 international students\, and to manage demand and revenue generated from t
 uition fees paid by international students. This workshop illustrates the 
 value to universities of doing – improving both their financial performan
 ce and their positioning in the global market for international students.
DTSTAMP:20260912T210701Z
LOCATION:Holme Room
SUMMARY:Using Stated Preference Experiments and Choice Models for Demand Fo
 recasting and Economic Valuation: The Case of the Australian Higher Educat
 ion Sector - Len Coote
URL:https://conferences.acspri.org.au/2024/talk/NBXHD8/
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