Article ID: | iaor19992824 |
Country: | United Kingdom |
Volume: | 9 |
Issue: | 1 |
Start Page Number: | 19 |
End Page Number: | 34 |
Publication Date: | Jan 1998 |
Journal: | IMA Journal of Mathematics Applied in Business and Industry |
Authors: | Preater J. |
Keywords: | markov processes |
We introduce a sequential recruitment problem in which the employee pool needs continual replenishment due to random depletions of personnel. We determine an optimal selection policy and discuss its monotonicity and asymptotic properties.