n Management Dynamics : Journal of the Southern African Institute for Management Scientists - An analysis of an optimal promotion policy for a manpower system using a queuing approach
|Article Title||An analysis of an optimal promotion policy for a manpower system using a queuing approach|
|© Publisher:||Southern African Institute for Management Scientists (SAIMS)|
|Journal||Management Dynamics : Journal of the Southern African Institute for Management Scientists|
|Author||V.S.S. Yadavalli, K. Setlhare, S.S. Mishra and R. Rajalakshmi|
|Publication Date||Jan 2006|
|Pages||43 - 49|
This study introduces a queuing approach to determine the optimal promotion policy and total optimal cost of promotion in a manpower planning system. In particular, the model attempts to estimate the optimal cost of promotion where the organisation incurs the cost of keeping an employee waiting until a vacancy opens up. The variation effect of various parameters on the total optimal cost of the system of promotion is also assessed by making use of a numerical demonstration of the model.
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