1. – Asst Professor, School of HR, XIMB, Xavier University
2. – Asst Professor, School of HR, XIMB, Xavier University
| Received
- |
Accepted
- |
Published
11-Dec-2019 |
Abstract
This paper examines a longitudinal
model of a manpower planning
system. The demand for effective
manpower is determined
by the state of a finite Markov
chain. There are delays in training
effective manpower, and effective
manpower is an input to
the training process. Thus, it is
not always available to meet demand.
This paper presents an operational
method for calculating
optimal accession policies. This
calculation can in turn be used
to find the equilibrium operating
rules for the system. The model
is a useful device for measuring
the impact of alternate assumptions
about continuation rates,
manpower utilization policies,
demand levels, and transition
probabilities in the demand process.
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