International Journal of Applied Research
Vol. 1, Issue 2, Part A (2015)
Sequence of threshold in manpower planning through stochastic models
Jayaraman Kalaivani, Raman Vinoth and Ramaiyan Elangovan
We propose a stochastic model to study the damage process acting on the organization that is non- linear. So, any statistical model of a complex phenomenon not only need to be an approximation of real world but also has to be addressed to a speciﬁc target, to respond a precise question about the phenomenon. The Expected time to reach the threshold in an organization is a vital event in manpower planning. In this paper, statistical model developed to obtain the expected time using Modified Weibull Distribution for reaching threshold level. The simulation results were studied to illustrate the proposed model.
How to cite this article:
Jayaraman Kalaivani, Raman Vinoth and Ramaiyan Elangovan. Sequence of threshold in manpower planning through stochastic models. International Journal of Applied Research. 2015; 1(2): 25-27.