Accession Number : AD0719413

Title :   Markov Chains and Manpower Forecasts.

Descriptive Note : Technical rept.,

Corporate Author : MINNESOTA UNIV MINNEAPOLIS CENTER FOR THE STUDY OF ORGANIZATIONAL PERFORMANCE AND HUMAN EFFECTIVENESS

Personal Author(s) : Mahoney,Thomas A. ; Milkovich,George T.

Report Date : 1970

Pagination or Media Count : 33

Abstract : The report describes investigations into the applicability of the Markovian process model in manpower management. The descriptive and predictive usefulness of the model was empirically investigated by applying the model to ten years of manpower data. Included are investigations into the stability of the transitional probabilities and the related implications for forecasting accuracy. The relevance of the application is assessed against two general criteria: Does the model provide analytical insights useful in the description and understanding of manpower processes, and does the model provide accurate forecasts of future distribution of manpower resources. (Author)

Descriptors :   (*MANPOWER, PREDICTIONS), (*PERSONNEL MANAGEMENT, ORGANIZATIONS), LABOR, EMPLOYMENT, PROBABILITY

Subject Categories : Personnel Management and Labor Relations

Distribution Statement : APPROVED FOR PUBLIC RELEASE