Measuring Educational Sustainability

Abstract

There are many definitions that are attributable to the meaning of sustainability. Sustainability can be viewed as long-lasting, effective result of a project, venture, action, or investment without consuming additional future resources. Because of the wide nature of its applicability, universal measure of sustainability is hard to come by. This paper proposes that in addition to the often explored four types of economic, financial, social, and environmental sustainability the need exists for a fifth aspect of sustainability viz. educational. The fifth aspect proposed in this paper is extremely important to educational institutions which form future workforce. The paper proposes a universal model to measure sustainability, continues with simulating sustainability as a function of several factors.