Stochastic Analysis of Manpower and Business

In this paper we consider a business organization under uctuating conditions of availability of man power and business with a special emphasis given to a new and prevailing idea of business to go o with the manpower leading to crisis state. The dierent states have been discussed under the assumption that changes from availability to shortage and shortage to availability occur in random times with general distributions. Time dependent and time independent probabilities of the states of the system are presented. Two models are treated. In model1, manpower and business uctuate independently and in model 2, present business goes o with manpower. Numerical results are presented.