Stochastic Model for a Single Grade System with Same Renewal Process for Inter-Decision Times and Univariate Policy of Recruitment

Abstract

In this paper, an organization with single grade subjected to exodus of personnel due to policy decisions taken by the organization is considered. In order to avoid the crisis of the organization reaching a breakdown point, a suitable univariate recruitment policy based on shock model approach and cumulative damage process is suggested. A mathematical model is constructed and a performance measures namely the mean and variance of time to recruitment are obtained. The analytical results are graphically   illustrated and the influence of nodal parameters on the performance measures are studied and relevant conclusions are presented.