@article{MAKHILLTSS2016112824039,
    title = {Fuzzy Optimization Model of Human Capital Development of the
University’s Department},
    journal = {The Social Sciences},
    volume = {11},
    number = {28},
    pages = {6673-6684},
    year = {2016},
    issn = {1818-5800},
    doi = {sscience.2016.6673.6684},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2016.6673.6684},
    author = {Lev,Kirill,Catherine and},
    keywords = {University’s human capital,economic-mathematical model,optimization structure of investments,the strategic management of the university,fuzzy-set approach},
    abstract = {Under the conditions of stiff competition and limited resources, the University management in the
implementation of the strategic development program faces with the problem of forming the optimal portfolio
of investment projects, taking into account existing project risks. One of the priority areas of investment is
human capital of the organization and its increase is an important condition for sustainable development and
achieving the university’s strategic goals. This study describes the design of the fuzzy dynamic model of
optimal distribution of investments in human capital of a university’s business-unit between employees, in the
areas of investment and years for possible promotion to achieve the strategic goals of the business-unit. To
estimate uncertainties in the calculation of numbers of the objective function, part of the model’s input
parameters is given in the form of term-sets of linguistic variables which are moved into fuzzy numbers. As an
example, we consider the problem of forming the optimal structure of distribution of investments in the
department’s human capital of Russian and Chinese universities. Comparative analysis of the obtained results
has been done.}
    }