Abstract
Under contemporary conditions, top managers in a university, during implementation of strategic development program, face the problem of creating the optimal portfolio of activities. At the same time, human capital is one of the priority areas of investment; raising its level is an important condition for sustainable development that makes it possible to achieve on time strategic objectives set by the university. We propose a method for the formation of optimal portfolio of activities in the area of human capital development, taking into account the uncertainties that occur when making management decisions. An economic-mathematical model is considered whose objective function is an integral indicator that takes into account a degree of achievement of strategic tasks by structural divisions of the university. Optimization variables are the Boolean variables for the inclusion of activities for employees in the portfolio at a certain moment of time. Solution to the model is found numerically using the developed software. The solution is a plan of activities in the area of human capital development for structural units of the university. The plan is structured by time, units, employees, and directions of investment. We examine the example of determining a portfolio of activities in the area of human capital development for three structural divisions of the university in order to achieve the university's objectives on the horizon of planning over 5 years. Results of the calculations make it possible to form a road map in the field of human capital development and prove to be one of the main components in investment strategy of the university.
Highlights
Managing sustainable development of a university is aimed at fulfilling of the tasks arising from strategic objectives and interrelated with the main indicators of the effectiveness of activity of universities
The optimal plan of activities should be formed taking into account initial parameters and specifics of the business units of an organization, the planning horizon, existing resource constraints and uncertainties
At the time of working out a strategic development plan of the university on a certain planning horizon, the issue arises about optimal allocation of financial resources among employees of various structural divisions of the university
Summary
Managing sustainable development of a university is aimed at fulfilling of the tasks arising from strategic objectives and interrelated with the main indicators of the effectiveness of activity of universities. This is possible, among other factors, through competent and reasonable investment of available resources. World system of the higher education undergoes a transition from the translation of knowledge to a diversified university, whose basis of the educational process and economics is formed by research work and innovative activity These changes further increase the importance of human capital and investment strategy in the field of its development. – to make optimal use of available financial resources; – to take into account the uncertainties of external and internal environment that affect achievement of the results
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