• PREDICTING THE THRESHOLD IN AN ORGANIZATION ON MAX (Y1, Y2, Y3, Y4) THROUGH GRADE SYSTEM

Abstract

Manpower planning involves the attempt to forecast the demand and supply for people with various skills and qualifications and to bring them into balance. The rate of accumulation of damage determines the life time of the component or device. In this paper a mathematical model is developed to obtain the expected time to reach the threshold level, in the context with the assumptions that the times between decision epochs are independent and identically distributed (i.i.d) random variable, the number of exits at each period time are i.i.d. random variables and that the threshold level is a random variable following three Exponential distribution and one Erlang distribution.