Statistical models for enterprise compensation system

Abstract: The article discusses the topic of simulation modeling for compensation system (CS). These models are used as a core of the decision-making system (DSS) for the needs of compensation. The authors propose two solutions for compensation plan modeling: 1) Conceiving analytical statistical model; 2) Developing simulation model. The second solution is presented in the article. Some particular CS models are put forward. Based on the obtained synthetic data, following results are achieved: 1) probability densities functions of different CS result indicators are defined; 2) statistical characteristics of CS indicators are reviewed; 3) probability of CS efficiency is measured.

Keywords: compensation system, imitation modeling, probability density, compensation systems regularity, labor satisfaction, product output, product quality, wage fund, normal distribution, exponential distribution, chi-square distribution, gamma distribution