Kara, Ahmet2021-05-172021-05-172014https://hdl.handle.net/11467/4939This paper presents a system dynamics-based decision-support model for universities so as to simulate the dynamic trajectory of key decision variables, namely teaching performance and research performance, and exemplify the design of optimal policies that enable universities to achieve certain desired objectives. The paper constructs a simple dynamic-stochastic model with properly specified adjustment dynamics and employs a system dynamics method to simulate the trajectories in question and to optimize the relevant parameter values. Examples presented in the paper could easily be extended to analyze the effects of a variety of factors, such as academic capital, physical capital or income, on teaching performance and research performance. The model could be generalized to take into account the possible and potentially highly complex interrelations among different fields.eninfo:eu-repo/semantics/openAccessSimulationSystem DynamicsTeaching PerformanceResearch PerformanceOptimal PoliciesOther