Determination of expected time to recruitment when backup resource of manpower exists

Author:
N. VIJAYASANKAR, R. ELANGOVAN and R. SATHIYAMOORTHI
Affiliation:
Keyword:
decision epochs
Issue Date:
April 2013
Abstract:

In any organization the exit of personnel is likely to occur especially when the policy decisions regarding pay, perquisites and targets are announced. Immediately after the exit of personnel the recruitment cannot be introduced because it is time consuming and costly. Frequent recruitments are also not desirable. So the recruitment is made only after the cumulative loss of manpower due to exit of personnel on successive occasion crosses a level called the threshold. The magnitude of the threshold is supplemented by a backup or the reserve of manpower resource. Assuming that the time intervals between successive decision epochs are random variables and the threshold level is also a random variable, the expected time to recruitment is attained as a tool for forecast of the likely time at which recruitment becomes necessary Numerical illustrations is also provided.

Pages:
ISSN:
2319-8052 (Online) - 2231-3478 (Print)
Source:
DOI:
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Copy the following to cite this article:

N. VIJAYASANKAR, R. ELANGOVAN and R. SATHIYAMOORTHI, "Determination of expected time to recruitment when backup resource of manpower exists", Journal of Ultra Scientist of Physical Sciences, Volume 25, Issue 1, Page Number , 2016

Copy the following to cite this URL:

N. VIJAYASANKAR, R. ELANGOVAN and R. SATHIYAMOORTHI, "Determination of expected time to recruitment when backup resource of manpower exists", Journal of Ultra Scientist of Physical Sciences, Volume 25, Issue 1, Page Number , 2016

Available from: http://www.ultraphysicalsciences.org/paper/219/

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