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AACS



International Transactions in Mathematical Sciences and Computer (ITMSC)




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1 ACHIEVING EFFECTIVE OPTIMAL MANPOWER RESERVE INVENTORY USING ORDER STATISTICS

Author: R.Murugan, R.Elangovan, R.Sathiyamoorthi,(Pages: 1-15)

Abstract:

Human Resource management is not disjunct but is an integral part of any organizational strategy. On the basis of the organizational policy, proper manpower planning would improve the status of the organization. Major section in human resource comprises of recruiting the competent employer and stocking the employer to meet the future demand. In the stocking pool the employees are trained to enhance their skills in technical and administrative sections of the organization. In this paper a pareto distribution is used to determine the optimal reserve inventory of manpower in the stocking pool. The optimal reserve inventory is determined by assuming the random variable as first order and nth order statistic.

Keyword:

Manpower, Reserve inventory, Optimal size, Pareto distribution, Order statistic

2 An Inventory Model with Stock Dependent Demand and Partial Backlogging Under Inflationary Conditions

Author: Lalit Gupta, S.R. Singh ,(Pages: 17-25)

Abstract:

In the proposed study we developed an inventory model with stock dependent demand and non-instantaneous deterioration. Shortages are allowed and partially backordered with a variable backlogging rate. Suitable numerical experimentation is given.

Keyword:

Partial Backlogging, Inflation

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