Mathematical Modelling of Workforce Potential

Abstract

This paper provides mathematical estimate of workforce economic potential, laying down demographic elements' pay-off formula to every age with probabilistic nature of time left to live taken into account, as well as formula for determining an average worker's economic potential accumulated by the certain age. different age stages were taken into consideration while constructing the mathematical estimate of an economic potential, which enables us to estimate their economically active period. demographic elements' life expectancy is considered through population withdrawal function. numerical calculation is illustrated by an example of regional Udmurt Republic economic system statistical profile. Real density distribution of demographic elements by age is also taken into consideration, which enables us to raise calculation accuracy within an economic analysis of properties being studied.