System Dynamics Modeling Approach for Manpower Planning and Policy Analysis

The objective of this paper is to demonstrate how System Dynamics Approach may be used to develop new ways of analyzing and projecting manpower requirements and resources. For this purpose, a System Dynamics Model is presented as an example. An examination of the model will show that a System Dynamics modeling approach is an innovative and useful tool for manpower policy analysis and planning. Second, with minor modifications, the model may be used for manpower policy analysis and planning for any skilled personnel in Korea. For example, a similar model nay be built for engineers to analyze the effects of alternative policies about engineering education, sur as the number of available places in the various institutions of training, scholarships and loans, and the duration of training. An engineer's model may also be used to make the projections of the supply and requirements of engineers in the future according to various alternative assumptions where each assumption represents a policy option.