Optimal manpower recruitment and promotion policies for the finitely graded systems using dynamic programming

At the heart in the development of any organization or nation is human resource. Over the years the world over, a sharp increase in too many numbers of qualified persons is being experienced yearly. This has impacted on recruitment and promotion costs to increase immensely, thereby affecting negatively manpower system costs. Dynamic Programming (DP) approach to optimal manpower recruitment and promotion policies for the two grade system has been...