17th International Conference on Knowledge, Economy & Management, Toskent, Özbekistan, 27 - 29 Ekim 2024, ss.17-28, (Tam Metin Bildiri)
Universities in the developing countries have
been widely trapped into problem-prone low-performance states preventing them
from making sustainably decisive contributions to the science and civilization
in the modern age. Solutions to this problem require in-depth analyses
exploring the causes, interlinked dimensions and the dynamics forming and
perpetuating the trap in question and the associated problems. In this paper,
we will take a step toward analyzing a subset of these problems by constructing
an appropriate simulation model.
We will make use of the “system dynamics method”
to begin constructing what we call “an accumulation-concentration-and-deepening”
model for universities. Using the model and some hypothetical data, we have
shown how one can derive the trajectories for the human capital, physical
capital, and social capital as well as the capital accumulation, concentration
and deepening paths. These trajectories and paths could be instrumental in
exploring the long-term development strategies and short-term optimization
problems. As an example, we demonstrated the derivation of the optimal values
of the dynamic capital adjustment parameters as well as subsidies that will
maximize the university’s overall production.
The key is to help open up creative modeling paths
that can get the university systems in question out of the existing pervasive
traps.