Bonfring International Journal of Man Machine Interface
Online ISSN: 2277-5064 | Print ISSN: 2250-1061 | Frequency: 4 Issues/Year
Impact Factor: 0.325 | International Scientific Indexing(ISI) calculate based on International Citation Report(ICR)
Expected Time to Recruitment in A Single Graded Man Power System With Inter- Decision Times As A Geometric Process
Abstract:
Random depletion of manpower occurs in any marketing organization due to the attrition of personnel when the management takes policy decisions regarding pay, perquisites and targets. This attrition will adversely affect the smooth functioning of the organization in due course of time when the loss of man power is not compensated by recruitment. Frequent recruitment is not advisable as it involves more cost. In view of this situation and from a suitable recruitment policy to plan for recruitment. In this context, for a single graded organization a mathematical model is constructed in this paper using a bivariate recruitment policy based on shock model approach. Assuming that the inter-decision times form a geometric process, the mean time to recruitment is obtained for different cases on the distribution of the thresholds. The influence of nodal parameters on the mean time to recruitment is studied numerically and relevant findings and conclusions are presented.
Keywords: Man Power planning, Shock Models, Geometric Process, Bivariate Recruitment Policy, Mean Time to Recruitment, AMS MSC 2010: 91D35, 91B40, 90B70
Volume: 2 | Issue: 1
Pages: 07-10
Issue Date: March , 2012
DOI: 10.9756/BIJMMI.1107
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