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- Title
POINTERS FOR ACTION: Application of OR/MS techniques in personnel policy decisions.
- Abstract
This article focuses on operation research/management science applications to personnel policy decisions. To achieve this objective two kinds of quantitative models have been developed and used in corporations. The more frequently used approach is the development of a flow model which simulates the flow of employees using going rates based on recent history and forecasts of manpower requirements by skill categories, salary levels and feasible career paths. The use of Markov-like processes for the demographic flow models have also been reported. The second approach using a linear programming model not only develops an achievable goal and its evaluation but also helps in the generation of alternative action plans. The main purpose of the model was to provide quantitative insights and guidance relating to the formulation of faculty early-retirement plans at Stanford University. The model was used to analyze effects of early-retirement policies on--faculty appointment rates, ranks and age distribution; the cost of a specific early-retirement plan; and the extent to which this plan is likely to achieve the intended results of an increase in flow rates of new appointments, a reduction in the number of older faculty members in service and a reduction in total personnel costs.
- Subjects
MODELS &; modelmaking; PERSONNEL policies; OPERATIONS research; MARKOV processes; RETIREMENT planning; INDUSTRIAL costs
- Publication
Interfaces, 1977, Vol 7, Issue 3, p52
- ISSN
0092-2102
- Publication type
Article