Full Length Research Paper
Abstract
Many manpower models play a dominant role in efficient design and control of manpower system. In this paper, a mathematical model has been developed with the objective of minimizing the manpower system cost during the recruitment and promotion period which are determined by the changes that take place in the system. It resulted in the form of recursive optimization, a dynamic programming, which has been found to be analogous to the Wagner – Whitin model in the production and inventory management.
Key words: Recruitment, promotion, dynamic programming and manpower planning.
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