Volume : 2, Issue : 7, July - 2013

Application of Markovian Theory in Manpower planning � A case study

Prof. Dharamvirsinh, Mrs. Sarita R, Dr. Prashant M

Abstract :

Humans are considered as the most crucial, volatile and potentially unpredictable resource which an organization utilizes. Manpower planning seeks to make the links between strategy, structure and people more explicit. The purpose of manpower planning is to get a better matching between manpower requirement and manpower availability. Manpower planning is particularly suitable for the application of statistical techniques. In this paper an optimization model for manpower system is considered where vacancies are filling up by promotion and recruitment in Automation system engineering private limited. This study proposed a method for the determination of the transition probability of promotion and recruitment vector by using markovian theory with certain assumptions