Simulations of Optimal Human Capital and Total Factor Productivity in Universities
Yıl: 2023 Cilt: 13 Sayı: 1 Sayfa Aralığı: 49 - 56 Metin Dili: İngilizce DOI: 10.5961/higheredusci.1083608 İndeks Tarihi: 08-06-2023
Simulations of Optimal Human Capital and Total Factor Productivity in Universities
Öz: In this paper, we develop models of university capital in disaggregated and aggregated forms and simulate the trajectories of human/ non-human capital and total factor productivity in universities. The capital employed by a representative university is decomposed into two composite human capital and non-human capital dimensions, each of which is further disaggregated into some sub-dimensions. We first present a sketch of a disaggregated model for illustrative purposes and then develop an aggregated model for the simulation of the key variables in the system. We incorporate an investment support (subsidy) parameter into the model, the optimal value of which is computationally determined. Based on the optimal value of this decision variable, the trajectories of human/non-human capital and total factor productivity are obtained. Though the exercise constructed in the paper is a particular or limited one, the model is highly suitable for generalized exercises with multiple decision variables and multidimensional objective functions capturing a rich variety of different possibilities in real life. The optimality and simulation exercises of this kind could help the university managers to design optimal decision systems to achieve the university objectives in a best possible manner in dynamic settings.
Anahtar Kelime: Üniversitelerde Optimal Beşeri Sermaye ve Toplam Faktör Verimliliği Simülasyonları
Öz: Bu makalede, üniversitelerde sermayenin toplam ya da bileşenlerine ayrıştırılmış formlarda nasıl modellenebileceği ve beşeri sermaye ve toplam faktör verimliliği yörüngelerinin nasıl simüle edilebileceği gösterilmektedir. Temsili bir üniversitenin toplam sermayesi, beşeri sermaye ve beşeri olmayan sermaye ana bileşenleri ile temsil edilmekte ve her bir bileşen alt-bileşenlere ayrıştırılmaktadır. İlkin, altbileşenlerine ayrıştırılmış sermaye modellemesinin nasıl yapılabileceği gösterilmekte, ardından ana-bileşenlere dayalı bir model kurgusu sunulmaktadır. Optimal sermaye ve toplam faktör verimliliği yörüngelerinin simülasyonları, ana-bileşenlere dayalı modelden hareketle yapılmaktadır. Modele, optimal değeri hesaplanan bir yatırım desteği/sübvansiyon parametresi entegre edilmekte ve yörüngeler bu değere dayalı olarak belirlenmektedir. Makaledeki optimizasyon alıştırmasının kapsamı sınırlı olsa da, makaledeki model, reel hayatın zengin varyasyonları ve bunlarla ilişkili çoklu değişken ve çok-boyutlu amaç fonksiyonlarının temsiline oldukça müsait bir yapıdadır. Makalede örneklenen optimalite ve simülasyon denemeleri, üniversitenin amaçlarına, dinamik bir çerçevede en iyi şekilde ulaşılmasını mümkün kılacak optimal karar sistemlerinin geliştirilmesine yardımcı olabilir.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | Kara A (2023). Simulations of Optimal Human Capital and Total Factor Productivity in Universities. , 49 - 56. 10.5961/higheredusci.1083608 |
| Chicago | Kara Ahmet Simulations of Optimal Human Capital and Total Factor Productivity in Universities. (2023): 49 - 56. 10.5961/higheredusci.1083608 |
| MLA | Kara Ahmet Simulations of Optimal Human Capital and Total Factor Productivity in Universities. , 2023, ss.49 - 56. 10.5961/higheredusci.1083608 |
| AMA | Kara A Simulations of Optimal Human Capital and Total Factor Productivity in Universities. . 2023; 49 - 56. 10.5961/higheredusci.1083608 |
| Vancouver | Kara A Simulations of Optimal Human Capital and Total Factor Productivity in Universities. . 2023; 49 - 56. 10.5961/higheredusci.1083608 |
| IEEE | Kara A "Simulations of Optimal Human Capital and Total Factor Productivity in Universities." , ss.49 - 56, 2023. 10.5961/higheredusci.1083608 |
| ISNAD | Kara, Ahmet. "Simulations of Optimal Human Capital and Total Factor Productivity in Universities". (2023), 49-56. https://doi.org/10.5961/higheredusci.1083608 |
| APA | Kara A (2023). Simulations of Optimal Human Capital and Total Factor Productivity in Universities. Yükseköğretim ve Bilim Dergisi, 13(1), 49 - 56. 10.5961/higheredusci.1083608 |
| Chicago | Kara Ahmet Simulations of Optimal Human Capital and Total Factor Productivity in Universities. Yükseköğretim ve Bilim Dergisi 13, no.1 (2023): 49 - 56. 10.5961/higheredusci.1083608 |
| MLA | Kara Ahmet Simulations of Optimal Human Capital and Total Factor Productivity in Universities. Yükseköğretim ve Bilim Dergisi, vol.13, no.1, 2023, ss.49 - 56. 10.5961/higheredusci.1083608 |
| AMA | Kara A Simulations of Optimal Human Capital and Total Factor Productivity in Universities. Yükseköğretim ve Bilim Dergisi. 2023; 13(1): 49 - 56. 10.5961/higheredusci.1083608 |
| Vancouver | Kara A Simulations of Optimal Human Capital and Total Factor Productivity in Universities. Yükseköğretim ve Bilim Dergisi. 2023; 13(1): 49 - 56. 10.5961/higheredusci.1083608 |
| IEEE | Kara A "Simulations of Optimal Human Capital and Total Factor Productivity in Universities." Yükseköğretim ve Bilim Dergisi, 13, ss.49 - 56, 2023. 10.5961/higheredusci.1083608 |
| ISNAD | Kara, Ahmet. "Simulations of Optimal Human Capital and Total Factor Productivity in Universities". Yükseköğretim ve Bilim Dergisi 13/1 (2023), 49-56. https://doi.org/10.5961/higheredusci.1083608 |
