{"title":"Engineering human capital: A system of systems modeling approach","authors":"D. Folds, Vanessa M. Thompson","doi":"10.1109/SYSoSE.2013.6575281","DOIUrl":null,"url":null,"abstract":"A system of systems modeling approach can be used to plan and guide implementation of economic revitalization efforts. A key metric of success is the improved outcomes of individuals in terms of standard of living and subjective well-being. Initial results for a latent variable model based on national survey data show a moderate correlation between subjective well-being and objective measures of standard of living, and good fit for a three-factor model that relates economic, security, and social network variables to human capital. Human capital is a production system within the economy; it is equipped and maintained by the education and healthcare systems of the region. This perspective is useful in analyzing and evaluating the system of systems that comprise a regional economy.","PeriodicalId":346069,"journal":{"name":"2013 8th International Conference on System of Systems Engineering","volume":"77 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"12","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2013 8th International Conference on System of Systems Engineering","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/SYSoSE.2013.6575281","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 12
Abstract
A system of systems modeling approach can be used to plan and guide implementation of economic revitalization efforts. A key metric of success is the improved outcomes of individuals in terms of standard of living and subjective well-being. Initial results for a latent variable model based on national survey data show a moderate correlation between subjective well-being and objective measures of standard of living, and good fit for a three-factor model that relates economic, security, and social network variables to human capital. Human capital is a production system within the economy; it is equipped and maintained by the education and healthcare systems of the region. This perspective is useful in analyzing and evaluating the system of systems that comprise a regional economy.