TIME TO RECRUITMENT IN AN ORGANIZATION THROUGH THREE PARAMETER GENERALIZED EXPONENTIAL MODEL
Keywords:
Three parameter generalized exponential distribution, Expected time, Recruitment, Threshold.Abstract
Recruiting employees is an important task for management team in all sectors. The expected time needs to be predicted to make decisions on recruitment. In this paper, statistical model developed to obtain the expected time using three parameters generalized exponential models for reaching threshold level. In the time of recruitment, the assumptions were assumed that independent and identically distributed (i.i.d) random variables for time between decision epochs.Existing numbers at each epoch’s time and threshold level is been calculated. The simulation results were studied to illustrate the proposed model.
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