A stochastic model for expected time to recruitment in a single grade manpower system under correlated wastages and correlated inter-decision times

In this paper, a single graded marketing organization subjected to random exit of personal due to policy decisions taken by the organization is considered. The model is constructed by assuming the loss of man-hours and inter-decision times are exchangeable and constantly correlated exponential random variables. Mean and variance of time to recruitment are obtained using uni-variate policy based on shock model approach. The analytical results are numerically illustrated by assuming different distributions for the thresholds.