A dynamic recruitment problem

A dynamic recruitment problem

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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:
Keywords: markov processes
Abstract:

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.

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