Suppose you are an HR (human resources) manager at a big university, and you sense that the university is becoming too top-heavy with full professors. That is, there do not seem to be as many younger professors at the assistant and associate levels as there ought to be. How could you study this problem with a simulation model, using current and/or proposed promotions, hiring, firing, and retirement policies?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter11: Simulation Models
Section: Chapter Questions
Problem 58P: Suppose you begin year 1 with 5000. At the beginning of each year, you put half of your money under...
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Suppose you are an HR (human resources) manager at a big university, and you sense that the university is becoming too top-heavy with full professors. That is, there do not seem to be as many younger professors at the assistant and associate levels as there ought to be. How could you study this problem with a simulation model, using current and/or proposed promotions, hiring, firing, and retirement policies? 

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