Some Markovian Measures In An Organizational Manpower-Planning Model
Abbreviated Journal Title
Psychology; Social Sciences; Interdisciplinary
A fractional flow, manpower planning model has been proposed in which the transition fractions can be calculated from economic parameters characteristic of the organization, its competitors, and its employees. This implies that the organization can, to some degree, regulate the movement of its employees through its ranks.
This present study suggests four quantities to look at in planning company policy. All four quantities can be computed from the transition Markov processes. These four quantities are: the expected value and the variance of the number of time periods that an individual spends in rank j, given that he started in rank i, and the expected value and the variance of the number of time periods before an individual leaves the organization, given that he started in rank i.
By taking advantage of the nature of the proposed model, the matrix equations for the four quantities are expressed as relatively simple algebraic expressions. Finally, the procedure is illustrated with two examples.
Moradiellos, Darwin P.; Tsokos, Chris P.; and Bean, Steven J., "Some Markovian Measures In An Organizational Manpower-Planning Model" (1981). Faculty Bibliography 1980s. 104.