A Quantitative Approach to Employment Planning

A model is developed for planning the intake of employees as a function of time in the face of varying demand for service. The problem is complicated by resignations which, in part, depend on the intake. The model is solved by dynamic programming using a form of successive approximations to circumvent the computational difficulty of high state variable dimensionality. The model is presented in the context of a real situation for which the results have been successfully implemented.

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Year of publication:	1965
Authors:	Nemhauser, George L. ; Nuttle, Henry L. W.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 11.1965, 8, p. 155-155
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.11.8.B155 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009190475