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Research Paper | Mathematics | India | Volume 6 Issue 3, March 2017
Estimation of Mean Time to Recruitment for a Two Graded Manpower System Involving Independent and Non-Identically Distributed Random Variables with Thresholds having SCBZ Property
S. Jenita | S. Sendhamizh Selvi
Abstract: In this paper, an organization subjected to a random exit of personnel due to policy decisions taken by the organization is considered, there is an associated loss of manpower if a person quits the organization. As the exit of personnel is unpredictable, a recruitment policy involving two thresholds, optional and mandatory is suggested to enable the organization to plan its decision on recruitment. Based on shock model approach, a mathematical model is constructed using an appropriate univariate policy of recruitment. The analytical expression for the mean time to recruitment is obtained when i) the loss of manpower forms a sequence of independent and non-identically distributed continuous random variables ii) inter-decision times are independent and non-identically distributed continuous random variables and iii) the optional and mandatory thresholds having SCBZ property.
Keywords: Manpower planning, Shock models, Univariate recruitment policy, SCBZ property, Hypo-Exponential distribution
Edition: Volume 6 Issue 3, March 2017,
Pages: 1001 - 1005
Similar Articles with Keyword 'planning'
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Research Paper, Mathematics, Nigeria, Volume 11 Issue 8, August 2022
Pages: 201 - 202The Effect of Fluctuating Economic Variables on the Stock Exchange Stability: Implications for Sustainable Development and Investment Planning
Nafo N. M.
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Research Paper, Mathematics, Brazil, Volume 11 Issue 3, March 2022
Pages: 1085 - 1097Experiment: Methodological Basis
Joao Gilberto Correa da Silva [4]