Mathematical Modeling in Human Resource Management
Perumal Mariappan
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Mathematical Modeling in Human Resource Management

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Manpower planning is an attempt to match the supply of people with the jobs available for them. It can also be viewed as a process by which management determines how the organization should move from its current manpower structure to desired one. Since it depends on the non-predictive behavior of human beings and also on the uncertain environment, stochastic models of manpower planning have been proposed. These models incorporate several factors such as recruitment, training, promotion, demotion and wastage. These factors are interlinked and their analysis becomes essential while dealing with ...