Addressing the problem of regional socio-economic system management with a manpower effective volume taken into account

In the paper, a problem of regional socio-economic system management is solved, as exemplified by one of Russia's regions. An optimal management algorithm is created, with an effective capacity of the workforce taken into account. The statement of the problem is implemented based on a regional economic system macro model, with an effective capacity of a labor force and a physical capital to be viewed as development factors. The underscore preliminary proposition of the model is the fact that labor force effective capacity consists of both qualitative (labor productivity of a worker) and quantitative (labor pool) properties. The product is distributed into consumption, capital widening and sustainment investments, and regional socio-educational development potential. The qualitative property of the workforce is derived from these socio-educational potential investments. Adding a workforce effective capacity factor to the model is the key feature of the management problem statement. The problem-solving algorithm comprises two stages: building an objective optimal balanced growth trajectory and building an optimal trajectory of socio-economic system motion which would propel it to the balanced growth trajectory. The time of transitional period up to reaching an objective balanced growth trajectory can be changed by varying build-up rates of a socio-educational potential. The paper is first to use a two-factor approach in building an optimal investment distribution to solve the problem of socio-economic system management with a workforce effective capacity taken into consideration. Data on demography and volume of investments in educational, production, and social fields of the Udmurt Republic served as an information base of the model. Due to identify unknown parameters of the model, the data as of 2000-2019 was used. Optimal investment rates were calculated which would enable the socio-economic system to reach a balanced growth trajectory by the year 2025. The suggested method can also be used for building a development trajectory for a given socio-economic system, as well as for handling parametrical model calculations to determine their factors.