Applications of Manpower Levels for Business with Various Recruitment Rates in the System through Stochastic Models
R. Arumugam1, M. Rajathi2
1R. Arumugam, Department of Mathematics, Periyar Maniammai Institute of Science & Technology, Vallam, Thanjavur (Tamil Nadu), India
2M. Rajathi, Department of Education, Periyar Maniammai Institute of Science & Technology, Vallam, Thanjavur (Tamil Nadu), India
Manuscript received on 06 July 2019 | Revised Manuscript received on 16 August 2019 | Manuscript Published on 27 August 2019 | PP: 719-722 | Volume-8 Issue-2S4 July 2019 | Retrieval Number: B11440782S419/2019©BEIESP | DOI: 10.35940/ijrte.B1144.0782S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Aim of the present study is to find the crisis in the steady state and steady state of probabilities with various circumstances which might be manpower, in irregular situations of complete accessibility and zero accessibility in the system of business, manpower along with recruitment. The various state has been conversed under the various assumptions that the transition from one state to another with different parameters.
Keywords: Crisis Rate, Markov Chain, Steady State, Transition State.
Scope of the Article: Social Sciences