On the stable growth index for a grade-structured manpower system

This paper develops a stable growth index for a manpower system using the stocks and flows of the system. This is achieved by modelling the dynamics of the system using a homogeneous Markov chain and the resulting system of equations is solved by applying the method of least squares. The utility of the stable growth index is illustrated with a university-faculty manpower structure and the results show that the manpower stocks expand over time within an acceptable control interval defined by the Individual-Chart-Moving-Range.

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