Determination of Mean and Variance of the Time to Recruitment with Two Sources of Depletion

T. Rojamary, K. P. Uma

Abstract


In any organization the exit of personnel   occurs, especially once the policy decisions   relating to pay, perquisites and targets are proclaimed. In real time, once the exit of personnel   happens, the recruitment cannot be introduced as a result of it’s time overwhelming and costly. Frequent recruitments also are not fascinating. Thus, the recruitment   is made   solely   once the additive loss of manpowers on sequent occasion cross the level referred to as threshold. Based on shock model approach, a mathematical model is constructed using a appropriate univariate policy of recruitment.The mean and variance of the time to recruitment is obtained when the inter-policy decision times and the inter-transfer decision times for the three grades form same renewal process. Numerical illustrations are additionally provided.

Keywords


Three grade system, two sources of depletion, univaiate policy of recruitment, renewal process

Full Text:

PDF

Refbacks

  • There are currently no refbacks.




Copyright (c) 2014 T. Rojamary, K. P. Uma

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

All published Articles are Open Access at https://edupediapublications.org/journals/.
Written by Different Authors is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Based on a work at https://edupediapublications.org/journals/.
Permissions beyond the scope of this license may be available at http://edupediapublications.org/journals/index.php/ijr/pages/view/Policies-of-IJR.

Paper submission: submit@internationaljournalofresearch.org

Editor-in-Chief       editor@internationaljournlaofresearch.org

Mobile:                  +919557022047 & +919958037887

Websites   https://edupediapublications.org/journals/.

Journals Maintained and Hosted by

EduPedia Publications (P) Ltd in Association with Other Institutional Partners

http://edupediapublications.org/