Stochastic Analysis of Manpower and Business


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Authors

  • C. Mohan Department of Mathematics, Vel Tech MultiTech Dr. Rangarajan Dr. Sakunthala Engineering College, Avadi, Chennai, Tamilnadu, India.
  • R. Ramanarayanan Controller of Examinations, Vel Tech Dr. RR and Dr. SR Technical University, Avadi, Chennai, Tamilnadu, India.
  • Srinivasa Raghavan Professor of Statistics, Vel Tech Dr. RR and Dr. SR Technical University, Avadi, Chennai, Tamilnadu, India

Keywords:

Manpower planning, State probabilities and integral equations

Abstract

In this paper we consider a business organization under fluctuating conditions of availability of man power and business with a special emphasis given to a new and prevailing idea of business to go off with the manpower leading to crisis state. The different states have been discussed under the assumption that changes from availability to shortage and shortage to availability occur in random times with general distributions. Time dependent and time independent probabilities of the states of the system are presented. Two models are treated. In model1, manpower and business fluctuate independently and in model 2, present business goes off with manpower. Numerical results are presented.

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Published

15-12-2013

How to Cite

C. Mohan, R. Ramanarayanan, & Srinivasa Raghavan. (2013). Stochastic Analysis of Manpower and Business. International Journal of Mathematics And Its Applications, 1(1), 31–37. Retrieved from http://ijmaa.in/index.php/ijmaa/article/view/293

Issue

Vol. 1 No. 1 (2013)

Section

Research Article

License

Creative Commons License

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