Expected time to recruitment in a single grade manpower system with two thresholds
Journal Title: JOURNAL OF ADVANCES IN MATHEMATICS - Year 2014, Vol 7, Issue 1
Abstract
In this paper, a single graded marketing organization which is subject to loss of manpower due to its policy decisions is considered. A mathematical model is constructed using an univariate recruitment policy based on the shock model approach involving two thresholds (one is optional and the another one is mandatory) via order statistics for interdecision time. The performance measures of the time to recruitment are obtained. Also the new findings are verified with numerical illustration.
Authors and Affiliations
J. Sridharan, A. Saivarajan
Keywords
Related Articles
- EP ID EP651331
- DOI 10.24297/jam.v7i1.7245
- Views 178
- Downloads 0
A probability space of continuous-time discrete value stochastic process with Markov property
Getting acquainted with the theory of stochastic processes we can read the following statement: "In the ordinary axiomatization of probability theory by means of measure theory, the problem is to construct a sigma-algebr...
On the growth of system of entire homogenous polynomials of several complex variables
In this paper we study the growth of entire functions represented by homogenous polynomials of two complex variables. The characterizations of their order and type have been obtained
Comparison of Halley-Chebyshev Method with Several Nonlinear equation Solving Methods Methods
In this paper, we present one of the most important numerical analysis problems that we find in the roots of the nonlinear equation. In numerical analysis and numerical computing, there are many methods that we can appro...
The role of the martingales in the stochastic models
The stochastic model is one of the most efficient models in the stock price modeling. The martingales have the important role in this the stochastic models.The martingale theory is used for calculating the probability of...
On time fractional Cahn-Allen equation
In [1], Ozkan Guner et al. obtained some exact solutions of the time fractional Cahn-Allen equation. By using the method proposed in [10], we have tested these solutions and have found that they are not the solutions of...