Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.ejor.2007.04.018
Title: A successive convex approximation method for multistage workforce capacity planning problem with turnover
Authors: Song, H. 
Huang, H.-C. 
Keywords: Multistage stochastic programming
Multistage workforce capacity planning
Successive convex approximation method
Issue Date: 1-Jul-2008
Source: Song, H., Huang, H.-C. (2008-07-01). A successive convex approximation method for multistage workforce capacity planning problem with turnover. European Journal of Operational Research 188 (1) : 29-48. ScholarBank@NUS Repository. https://doi.org/10.1016/j.ejor.2007.04.018
Abstract: Workforce capacity planning in human resource management is a critical and essential component of the services supply chain management. In this paper, we consider the planning problem of transferring, hiring, or firing employees among different departments or branches of an organization under an environment of uncertain workforce demands and turnover, with the objective of minimizing the expected cost over a finite planning horizon. We model the problem as a multistage stochastic program and propose a successive convex approximation method which solves the problem in stages and iteratively. An advantage of the method is that it can handle problems of large size where normally solving the problems by equivalent deterministic linear programs is considered to be computationally infeasible. Numerical experiments indicate that solutions obtained by the proposed method have expected costs near optimal. © 2007 Elsevier B.V. All rights reserved.
Source Title: European Journal of Operational Research
URI: http://scholarbank.nus.edu.sg/handle/10635/62973
ISSN: 03772217
DOI: 10.1016/j.ejor.2007.04.018
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