Stochastic Analysis of Manpower and Business

C Mohan, R Ramanarayanan, Srinivasa Raghavan, Mohan, R Ramanarayanan, Srinivasa Raghavan
2013 International Journal of Mathematics And Its Applications   unpublished
In this paper we consider a business organization under fluctuating conditions of availability of man power and business with a special emphasis given to a new and prevailing idea of business to go off with the manpower leading to crisis state. The different states have been discussed under the assumption that changes from availability to shortage and shortage to availability occur in random times with general distributions. Time dependent and time independent probabilities of the states of the
more » ... system are presented. Two models are treated. In model1, manpower and business fluctuate independently and in model 2, present business goes off with manpower. Numerical results are presented.