A stochastic model for estimation of expected time to recruitment under correlated wastage
Author & Affiliation:
A. Muthaiyan
Head of the Department of Mathematics, Roever Engineering College, Perambalur -621 212 (INDIA)
R. Sathiyamoorthi
Professor, & Head (Retd.) Department of Statics, Annmalai University, Annamalainagar - 608 002 (INDIA)
Keyword:
estimation of expected, recruitment , wastage
Issue Date:
August 2009
Abstract:
In Business and Industrial organization the leaving of personnel is a common phenomenon. This is called wastage. The estimate of the size of wastage and the likely important aspect of study in manpower planning models. The wastage on successive occasions of policy decision regarding, promotion pay, perquisites and targets, are allowed to cumulate since recruitment can not be done after every decision epoch. In this paper an estimate of the expected time to recruitment, is discussed, taking the time to recruitment as a random, variable. Its variance is also obtained and Numerical illustration provided.
Pages:
433-438
ISSN:
2319-8044 (Online) - 2231-346X (Print)
Source:
PDF:
DOI:
jusps-A
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Copy the following to cite this article:
A. Muthaiyan; R. Sathiyamoorthi, "A stochastic model for estimation of expected time to recruitment under correlated wastage", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 2, Page Number 433-438, 2018Copy the following to cite this URL:
A. Muthaiyan; R. Sathiyamoorthi, "A stochastic model for estimation of expected time to recruitment under correlated wastage", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 2, Page Number 433-438, 2018Available from: https://www.ultrascientist.org/paper/1205/
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