Time to Recruitment in a Two Grade Manpower System With Two Types of Policy Decisions and Two Sources of Depletion Using Univariate Max Policy of Recruitment

S.Dhivya; A.Srinivasan

Volume : V, Issue : II, February - 2015

Time to Recruitment in a Two Grade Manpower System With Two Types of Policy Decisions and Two Sources of Depletion Using Univariate Max Policy of Recruitment

S. Dhivya, A. Srinivasan

Abstract :

Depletion of manpower due to attrition of personnel is a common phenomenon in any marketing organization when the management takes policy decisions regarding pay, perquisites and work targets. This depletion will lead to eakdown of the organization in due course of time if it is not compensated by recruitment. Since the depletion of manpower as a consequence of the inter–decision times is unpredictable and frequent recruitment which involves more cost is not advisable, the organization requires a suitable recruitment policy to plan for recruitment. A mathematical model is constructed and using a univariate MAX policy of recruitment based on shock model approach, analytical results for variance of time to recruitment is obtained. The results are numerically illustrated by assuming specific distributions and relevant findings are presented.