The Input Evaluation of Generalized Bernoulli Processes for Salary Lines Construction by Means of Continuous Time Generalized Non-Homogeneous Semi-Markov Processes |
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Authors: | Guglielmo D'Amico Giuseppe Di Biase Fulvio Gismondi |
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Affiliation: | 1. Department of Drug Sciences , University of Chieti-Pescara “G. D'Annunzio” , Chieti , Italy;2. Department of Economic and Managerial Sciences , Telematic University “Guglielmo Marconi” , Roma , Italy |
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Abstract: | Salary line forecasting assumes a relevant role in manpower and in pension funds Previously, the authors presented a generalized Bernoulli process, useful for forecasting the evolution of salary lines, taking into account the salary costs, the number of workers at each rank and the probability transitions between the ranks. The problem with applying this model is constructing the probability of transition between the grades. In this article, we will present a model that allows obtaining these probabilities by means of the solution of the evolution equation of a generalization of continuous time non-homogeneous semi-Markov processes. |
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Keywords: | Generalized Bernoulli processes Salary line construction Semi-Markov processes |
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