Estimation of Mean Time to Recruitment for a Two Grade Manpower System with Inter - Exit Times as Geometric Process When Threshold has Two Components
A.Srinivasan1, P. Arokkia Saibe2
Citation : A.Srinivasan, P. Arokkia Saibe, Estimation of Mean Time to Recruitment for a Two Grade Manpower System with Inter - Exit Times as Geometric Process When Threshold has Two Components International Journal of Managerial Studies and Research 2015 , 3(7) : 148-152
In this paper, for a two grade manpower system, three mathematical models are constructed and using univariate policy of recruitment based on the shock model approach, the expected time to recruitment is obtained when (i) the loss of manpower due to attrition form an ordinary renewal process (ii) inter - exit times form a geometric process and (iii) the threshold for each grade has two components. A different probabilistic analysis is used to derive the analytical result