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The difference between the cost of maintaining the desired permanent workforce (academic staff) and that of maintaining the entire outsourcing policy is a useful index that allows management of private universities to know the financial task before them, well ahead of time for a possible solution. However, in the available literature, there are no adequate mathematical models that address such issues. The idea of linear algebra was used to develop a mathematical model that can address such real-life problem. Original Research Article Enagbonma and Osagiede; AJPAS, 1(2): 1-11, 2018; Article no.AJPAS.41990 2

asian journal of probability and statistics

A Mathematical Model that Analyzes the Differences between the Cost of Maintaining the Desired Permanent Workforce (Academic Staff) and that of Maintaining the Entire Outsourcing Policy for Private Universities in Nigeria