Applications of manpower levels for business using six and eight point state space in the stochastic models

Abstract

The present study aim is to compare the steady rate of crisis and steady state of probabilities under varying conditions which are manpower, under irregular conditions of full availability and nil availability in the case of business and manpower. Six and eight point state space has been compared under the different assumption that the transition from one state to another in both business and manpower occur in exponential time with different parameters.