A Stochastic Model of Demand Forecasting for Technical Manpower Planning

N. K. Kwak, Walter A. Garrett, Jr. and Sam Barone
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N. K. Kwak: Saint Louis University
Walter A. Garrett, Jr.: Saint Louis University
Sam Barone: Wright State University

Management Science, 1977, vol. 23, issue 10, 1089-1098

Abstract: This paper presents a stochastic technique for short-term demand forecasting of manpower requirements for a particular functional skin group. The demand model is adaptable to any organization in which the demand for services from a skill group is derived from several projects or activities. Working from these multi-project demands for skill group services, Bayesian decision analysis is used to produce a composite forecast of total skill group manpower demand. Options in the model provide for selectively varying the number and level of detail of the multi-project demand curves. The output of the model is useful for further manpower planning.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:23:y:1977:i:10:p:1089-1098

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