Modelling a typical hiring system as a stochastic process.
Soo, Diana Eng Liang.
Lee, Chyan Yeong.
Date of Issue2003
College of Business (Nanyang Business School)
This paper describes how a hiring system, in which all incoming hire requests are turned away and lost when all rental units are hired out, can be modelled as a stochastic process to reflect the stochastic nature of its hire requests and hire duration.
DRNTU::Business::Industries and labor
Final Year Project (FYP)
Nanyang Technological University