Cost Analysis and Worth in Cost of Education Management of The Faculty of Nursing, Naresuan University

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Ghunyanutt Sathagathonthon

Abstract

    This descriptive study aimed to explore the unit cost per nursing student and worth in cost of educational management for the faculty of nursing, Naresuan University. The retrospective study design was used to analyze secondary data for unit cost, break-even point, cost-benefits,
and cost- effectiveness. To assess the effectiveness of educational management, cost and expense report form was used as a tool in the study. The graduate quality and graduate user satisfaction of Naresuan University questionnaires were used to evaluate the effectiveness of educational
management. Cronbach’s coefficient alpha was 0.95. Data were collected for cost analysis based on the academic years from 2013 to 2016. To assess the effectiveness of educational management, data were collected from graduate users from both public and private sectors;
they are stakeholders of those graduated from the Faculty of Nursing. Result revealed that cost per unit of productivity for 1 person throughout the course was 413,716.14 baht, with an average annual rate of 115,900.89 baht. The break-even point was 5,792 individuals and
the break-even income was 186,503,237.47 baht. The annual break-even point ranged from 1,244 to 1,541 individuals. The income was about 40,041,617.12 to 49,623,055.79 baht. Point of view from the graduate’s producer in term of cost-benefit, throughout the courses was
0.34. Whereas, the lowest cost-effectiveness throughout the course was 172,881,580.25 baht. The employment rate was 97.65 percent, follow by quality of the graduate is 3.93 (78.60%). The overall satisfaction of graduate users is 3.90 (78%). The implications for future research are to investigate each unit cost in order to reduce the expenses or reduce unnecessary expenses and to increase the registration fee for decrease the break-even point; and for marketing planning to recruit number of the students in each year.
Finally, we aim to adjust the strategies of the educational management in order to obtain the lowest cost for investment.

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How to Cite
Sathagathonthon , G. (2020). Cost Analysis and Worth in Cost of Education Management of The Faculty of Nursing, Naresuan University. Journal of Health and Nursing Research (Journal of Boromarajonani College of Nursing, Bangkok), 36(1), 39-54. Retrieved from https://he01.tci-thaijo.org/index.php/bcnbangkok/article/view/242137
Section
Research articles

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