Application of Markov chains in managing human potentials

Human potentials make a unique foundation to every organization. Due to individuals' differences which enable a business surroundings and create competitive advantage, it is necessary to coordinate them to the mission, vision and goals set by the organization in order to satisfy the needs for s...

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Main Authors: Nikolina Žajdela Hrustek, Damira Keček, Ines Polgar
Format: Article
Language:English
Published: Croatian Operational Research Society 2020-01-01
Series:Croatian Operational Research Review
Online Access:https://hrcak.srce.hr/file/349421
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author Nikolina Žajdela Hrustek
Damira Keček
Ines Polgar
author_facet Nikolina Žajdela Hrustek
Damira Keček
Ines Polgar
author_sort Nikolina Žajdela Hrustek
collection DOAJ
description Human potentials make a unique foundation to every organization. Due to individuals' differences which enable a business surroundings and create competitive advantage, it is necessary to coordinate them to the mission, vision and goals set by the organization in order to satisfy the needs for specific knowledge and skills, and effectively realize the defined business goals. Application of Markov chains enables prediction of random variables' movements. This study shows, via a practical example, predicting the necessity for human potentials in an ICT company throughout a period of three years.
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spelling doaj.art-c94e6b70e4d843dc9b2d09e1a0ab7b432022-12-21T19:24:11ZengCroatian Operational Research SocietyCroatian Operational Research Review1848-02251848-99312020-01-0111114515310.17535/crorr.2020.0012240690Application of Markov chains in managing human potentialsNikolina Žajdela Hrustek0Damira Keček1Ines Polgar2Faculty of Organization and Informatics, University of Zagreb, Varaždin, CroatiaUniversity Center Varaždin, University North, Varaždin, CroatiaFaculty of Organization and Informatics, University of Zagreb, Varaždin, CroatiaHuman potentials make a unique foundation to every organization. Due to individuals' differences which enable a business surroundings and create competitive advantage, it is necessary to coordinate them to the mission, vision and goals set by the organization in order to satisfy the needs for specific knowledge and skills, and effectively realize the defined business goals. Application of Markov chains enables prediction of random variables' movements. This study shows, via a practical example, predicting the necessity for human potentials in an ICT company throughout a period of three years.https://hrcak.srce.hr/file/349421
spellingShingle Nikolina Žajdela Hrustek
Damira Keček
Ines Polgar
Application of Markov chains in managing human potentials
Croatian Operational Research Review
title Application of Markov chains in managing human potentials
title_full Application of Markov chains in managing human potentials
title_fullStr Application of Markov chains in managing human potentials
title_full_unstemmed Application of Markov chains in managing human potentials
title_short Application of Markov chains in managing human potentials
title_sort application of markov chains in managing human potentials
url https://hrcak.srce.hr/file/349421
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