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The transition fractions in organizational manpower planning models
Author(s) -
Grinold Richard C.,
Weyant John P.
Publication year - 1976
Publication title -
behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 0005-7940
DOI - 10.1002/bs.3830210405
Subject(s) - competitor analysis , transition (genetics) , product (mathematics) , manpower planning , sensitivity (control systems) , computer science , management science , operations research , econometrics , industrial organization , economics , mathematics , management , engineering , chemistry , biochemistry , geometry , electronic engineering , gene
Most fractional flow, manpower planning models devised for the organizational level of systems assume that the transition fractions are either fixed or can be manipulated at will. As neither of these assumptions is very realistic, we present a model in which the transition fractions are the product of interactions among three sets of economic agents: the organization, its competitors in the manpower market, and its employees. The sensitivity of the model is explored and possible extensions are considered. A numerical example illustrates the model's practical applicability.