Survival Distribution to Fit Shock Model Approach in an Organization
P Gajivaradhan1, Ashok Kumar*
1Principal, Pachaiyappa College, Chennai, India;
2Ph.D.Research Scholar, Manonmaniam Sundaranar University, Trinelveli, India.
The purpose of manpower planning is to get a better matching between manpower requirement and manpower availability. Manpower planning is particularly suitable for the application of statistical techniques. The aim of this paper is to check, Erlang-Truncated Exponential distribution fits the survival of an organization. The Expected time and Variance are developed; analytical results are substantiated with numerical illustrations.
Keywords: Recruitment; Expected time; Variance; Erlang-Truncated Exponential distribution.