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1-109-EmployeeAttrition-ModelingScenario

Author(s): Lyle Smith III

Bryan College, Dayton TN USA

Keywords: population linear growth decay employee attrition

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Abstract

Resource Image This scenario models the loss of employees and the employer's attempt to retain them through stock options. It most naturally is solved with a first-order linear decay model with two populations.

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Description

A large online retailer has a problem. It hires 100,000 ``last mile'' delivery workers to deliver its packages. However, these part-time employees leave the company at a rate of 9% per month. We will construct a model that predicts the number of employees in this job during a given month.

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Authors

Author(s): Lyle Smith III

Bryan College, Dayton TN USA

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