Modelling a typical hiring system as a stochastic process.
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.
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9063 |
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| Institution: | Nanyang Technological University |
| Summary: | 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. |
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