A Simultaneous Model to measure Academic and Financial Performances of Scientific Activities

Abstract

I propose a new model to measure simultaneously academic and financial performances of scientific activities quantitatively. The tool is very simple and can be applied to any branches of science, while it is also adjustable to varying macroeconomic indicators. I argue that implementing the model could realize a fair and objective decisionmaking and also reward and punishment system in order to improve the individual and institutional performances in scientific activities.