Original scientific paper

https://doi.org/10.17535/crorr.2020.0012

Application of Markov chains in managing human potentials

Nikolina Žajdela Hrustek orcid.org/0000-0002-6311-4772 ; Faculty of Organization and Informatics, University of Zagreb, Varaždin, Croatia
Damira Keček ; University Center Varaždin, University North, Varaždin, Croatia
Ines Polgar orcid.org/0000-0002-4328-0431 ; Faculty of Organization and Informatics, University of Zagreb, Varaždin, Croatia

Abstract

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.

Keywords

human potentials; Markov chains; planning human potentials; predicting human potentials

Hrčak ID:

240690

URI

https://hrcak.srce.hr/240690

Publication date:

7.7.2020.

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