International Journal of Applied Research
Vol. 1, Issue 13, Part D (2015)
Determination of optimal labour demand when supply has random Fluctuations
N. Vijayasankar, S. Vijay amirtharaj, R. Sathiyamoorthi
In any organization or industry manpower is an important input. Usually the optimal level of supply of labour is determined taking into account the demand for the same. But there are some industries like construction work, the demand for labour can be decided taking into account the level of supply of the same. In this paper the optimal demand for labour size is determined under the assumption the supply of the same is of random nature. Numerical illustration is also provided.
How to cite this article:
N. Vijayasankar, S. Vijay amirtharaj, R. Sathiyamoorthi. Determination of optimal labour demand when supply has random Fluctuations. International Journal of Applied Research. 2015; 1(13): 228-231.