Investigating the Growth of a Young University in Terms of Total Assets and Number of New Student Admissions: Walailak University

Abstract

          This research aims to investigate the growth of total assets and the number of new student admissions at Walailak University, which is a young university using the Logistics Model (LGM), Exponential Model (EGM), Gompertz Model (GM), and Bass Distribution Model (BDM), including linear interpolation for growth prediction. The study found that during the first 1-26 years of the establishment of the university with the LGM and BDM models. In the first 1-6 years, new student admissions increased exponentially. From years 6-21, the growth in admissions plateaued and could be predicted with linear interpolation, with total assets showing similar trends. After the 26th year of the establishment of the university, the university entered a new phase of growth with total assets and new student admissions aligning with the Gompertz Model. In addition, model testing predicted new student admissions accurately, with a percentage difference of 4.0% compared to actual figures. Applying these results is valuable for forecasting growth in total assets and the number of new student admissions, aiding in management planning, and understanding the development patterns of contemporary young universities.