UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 6
June-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1806042


Registration ID:
182522

Page Number

312-315

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Title

Variance of Time to Recruitment for a Two Graded Manpower System with Inter-Decision Times Having Independent and Non-Identically Distributed Random Variables under Geometric Process Wastage

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 appropriate univariate policy of recruitment. Based on shock model approach, two mathematical models are constructed using an appropriate univariate policy of recruitment. The analytical expressions for mean and variance of time to recruitment is obtained when i) loss of manpower forms a geometric process ii) inter-decision times forms a sequence of independent and non-identically distributed exponential random variables iii) optional and mandatory thresholds having exponential distribution.

Key Words

Manpower planning, shock models, univariate recruitment policy, hypo-exponential distribution, geometric process.

Cite This Article

"Variance of Time to Recruitment for a Two Graded Manpower System with Inter-Decision Times Having Independent and Non-Identically Distributed Random Variables under Geometric Process Wastage", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 6, page no.312-315, June-2018, Available :http://www.jetir.org/papers/JETIR1806042.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Variance of Time to Recruitment for a Two Graded Manpower System with Inter-Decision Times Having Independent and Non-Identically Distributed Random Variables under Geometric Process Wastage", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 6, page no. pp312-315, June-2018, Available at : http://www.jetir.org/papers/JETIR1806042.pdf

Publication Details

Published Paper ID: JETIR1806042
Registration ID: 182522
Published In: Volume 5 | Issue 6 | Year June-2018
DOI (Digital Object Identifier):
Page No: 312-315
Country: --, --, -- .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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