Simulations of Optimal Human Capital and Total Factor Productivity in Universities

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dc.contributor.authorKara, Ahmet
dc.date.accessioned2024-10-12T19:51:10Z
dc.date.available2024-10-12T19:51:10Z
dc.date.issued2023
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractIn 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.en_US
dc.identifier.doi10.5961/higheredusci.1083608
dc.identifier.endpage56en_US
dc.identifier.issn2146-5959
dc.identifier.issn2146-5967
dc.identifier.issue1en_US
dc.identifier.startpage49en_US
dc.identifier.trdizinid1167696en_US
dc.identifier.urihttps://doi.org/10.5961/higheredusci.1083608
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1167696
dc.identifier.urihttps://hdl.handle.net/11467/9013
dc.identifier.volume13en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofYükseköğretim ve Bilim Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzTR-Dizin_20241012en_US
dc.subjectUniversitiesen_US
dc.subjectOptimal capitalen_US
dc.subjecttotal factor productivityen_US
dc.subjectsimulations.en_US
dc.titleSimulations of Optimal Human Capital and Total Factor Productivity in Universitiesen_US
dc.typeArticleen_US

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