Markov Analysis And Forecasting Assignments

Class, Hello. The Markov Analysis can sometimes cause some difficulty; however, two of the three questions for this week are completed using the given Transition Probabilities table in the textbook shown under the Application. Below is the format for questions 1 and 2; question 3 is merely narrative. I've left the answers in some areas which should be beneficial in completing the remaining tables. Basically, you merely view the data table in the question and complete both questions 1 and 2. For example, in question 1, Sales-Full Time or SF, .50 or 50% stayed in the same job, and in Part Time or SP, .10 or 10% remained in same job. A. Describe the internal labor market of the company in terms of job stability, promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates. The 2013-2014 transition probabilities provided indicate the following: Sales - Full-time 1. 50% stayed the same. 2. _____

Nguyen 1 Nick Nguyen MGMT_4203-01 Dr. Karen Jacobs Application 3 Markov Analysis and Forecasting 1. Describe the internal labor market of the company in terms of job stability (staying in same job), promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates. Sales, Full-time: 50% stayed the same, 10% transferred to part-time status,5% were promoted to Asst. Sales Mgr, 0% were promoted to Regional Sales Mgr, and 35% left the organization. Sales, Part-time: 5% transferred to full-time status, 60% stayed the same, 10% were promoted to Asst. Sales Mgr, 0% were promoted to Regional Sales Mgr, and 25% left the organization. Ass’t. Sales Mgr: 5% were demoted to full-time sales, 0% were demoted to part-time sales, 80% stayed the same, 10% were promoted to Regional Sales Mgr, and 5% left the organization. Region. Sales Mgr.: 0% transferred to another position, 70% stayed the same, and 30% left the organization. 2. Forecast the numbers available in each job category in 2013 2012 2013 Forecasts Job Category Employees SF SP ASM

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