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Regional Economics: Theory and Practice
 

Search for parameters for a deterministic optimization model: Labor market and higher-ed graduates

Vol. 17, Iss. 3, MARCH 2019

Received: 30 August 2018

Received in revised form: 29 January 2019

Accepted: 19 February 2019

Available online: 15 March 2019

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: J20

Pages: 513–525

https://doi.org/10.24891/re.17.3.513

Sudakova A.E. Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
a-chusova@mail.ru

https://orcid.org/0000-0002-3791-1129

Shorikov A.F. Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
afshorikov@mail.ru

ORCID id: not available

Subject This article considers the issues of employment of graduates of universities, imbalance of graduation structure by program and level of training, and also the mismatch between the acquired competences and the requirements of employers.
Objectives The article aims to develop an optimization model of graduation structure focused on the labor market needs.
Methods To resolve the problem, we used the deterministic and mathematical model approaches.
Results The article presents a mathematical formalization of the optimization model of the structure of graduation of Bachelors, Specialists and Masters, which takes into account the labor market demands.
Conclusions The presented model can help optimize the production of specialists oriented to the labor market requirements. The indirect result of the model application may be a decrease in the percentage of unemployed graduates and improvement of the quality of graduates training. Further model extension is supposed in the process of optimization of the structure of graduation on the enlarged specialties considering the same market requirements and criteria.

Keywords: deterministic approach, optimization, higher education, labor market

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