2021
DOI: 10.3390/math9141681
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Discrete Time Hybrid Semi-Markov Models in Manpower Planning

Abstract: Discrete time Markov models are used in a wide variety of social sciences. However, these models possess the memoryless property, which makes them less suitable for certain applications. Semi-Markov models allow for more flexible sojourn time distributions, which can accommodate for duration of stay effects. An overview of differences and possible obstacles regarding the use of Markov and semi-Markov models in manpower planning was first given by Valliant and Milkovich (1977). We further elaborate on their ins… Show more

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Cited by 10 publications
(10 citation statements)
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“…As a result of such breadth and diversity, Markov-type models are highly applicable to a variety of application areas. A few such examples are manpower planning, e.g., Papadopoulou and Vassiliou [23], Verbeken and Guerry [24], and McClean et al [25]; hospital planning, e.g., Marshall and McClean [21], Shaw et al [26]; business process modelling, e.g., Yang et al [5], Chen et al [27]. In addition, there have been a number of papers using Markov-like models for Smart Homes, which are our current focus, e.g., Youngblood and Cook [18], Wang et al [4].…”
Section: Literature Reviewmentioning
confidence: 99%
“…As a result of such breadth and diversity, Markov-type models are highly applicable to a variety of application areas. A few such examples are manpower planning, e.g., Papadopoulou and Vassiliou [23], Verbeken and Guerry [24], and McClean et al [25]; hospital planning, e.g., Marshall and McClean [21], Shaw et al [26]; business process modelling, e.g., Yang et al [5], Chen et al [27]. In addition, there have been a number of papers using Markov-like models for Smart Homes, which are our current focus, e.g., Youngblood and Cook [18], Wang et al [4].…”
Section: Literature Reviewmentioning
confidence: 99%
“…The work of Seal ( 1945 ) is a pioneering one in the application of Markov theory in Manpower planning. Though extensions of the application of Markov chain theory in manpower planning now abound, such as in semi-Markov manpower models (McClean et al 1998 ; Yadavalli and Natarajan 2001 ), hybrid manpower models (De Feyter 2007 ; Guerry and De Feyter 2011 ; Verbeken and Guerry 2021 ), Markov manpower models remain very relevant because of their property of being comparatively simple and tractable. These properties are required in practical implementation of manpower models (Barsnet and Ellison 1998 ), and are platforms for the extensions and other new grounds in mathematical manpower modelling.…”
Section: Introductionmentioning
confidence: 99%
“…[9,20,38], which allows to relax the common assumption of identically distributed and independent data in sequential settings. In practice, we find numerous examples and areas of application including, but not limited to, medicine [4,45], finance [11,22], strategic planning processes [18,39,48,49] and natural language processing [8,33,53]. In the particular case of life insurance, Markov processes and the related transition probabilities between states lie at the core of the business for managing and pricing risk, see e.g.…”
Section: Introductionmentioning
confidence: 99%