ISSN 2394-5125
 

Research Article 


IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan.

Abstract
In Bangladesh, public universities have a specific rule about number of students to get admission in each department and
hence, the course allocation is predetermined according to their (Department) permanent faculty. However, in case of
private universities set for student-admission is not fixed in most of the cases. This research deals with the problem of
course allocation among the faculties according to their expertise for the upcoming semester in a private university due to
the unpredictable student-admission as well as enrollment in major areas with respect to their permanent faculty. In our
country, there are 105 number of private universities. Department of Business Administration, Daffodil International
University are selected to develop the stochastic linear programming model. In this work, ARIMA (p, d, q) and Markov
chain model are developed as a decision support tool to determine the possible number of student-admission for the
upcoming semester. Depending on the output a stochastic linear programming model is developed to optimize the
number of faculties (in-house and outsourcing) that ultimately minimizes cost. All the department individually deploy the
model for their department and then gradually the faculty cost of a university has to minimize.

Key words: ARIMA, Stochastic, LPP, Optimize, Course Allocation, Markov Chain


 
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How to Cite this Article
Pubmed Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. JCR. 2020; 7(5): 2693-2702. doi:10.31838/jcr.07.05.442


Web Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. http://www.jcreview.com/?mno=137833 [Access: August 18, 2021]. doi:10.31838/jcr.07.05.442


AMA (American Medical Association) Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. JCR. 2020; 7(5): 2693-2702. doi:10.31838/jcr.07.05.442



Vancouver/ICMJE Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. JCR. (2020), [cited August 18, 2021]; 7(5): 2693-2702. doi:10.31838/jcr.07.05.442



Harvard Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan (2020) IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. JCR, 7 (5), 2693-2702. doi:10.31838/jcr.07.05.442



Turabian Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. 2020. IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. Journal of Critical Reviews, 7 (5), 2693-2702. doi:10.31838/jcr.07.05.442



Chicago Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. "IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY." Journal of Critical Reviews 7 (2020), 2693-2702. doi:10.31838/jcr.07.05.442



MLA (The Modern Language Association) Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan. "IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY." Journal of Critical Reviews 7.5 (2020), 2693-2702. Print. doi:10.31838/jcr.07.05.442



APA (American Psychological Association) Style

Gouranga Chandra Debnath, Sayedul Anam, Anuz Kumar Chakrabarty, Md. Arif Hassan (2020) IN TECHNOLOGICAL ERA, IMPLEMENTATION OF STOCHASTIC LINEAR PROGRAMING MODEL (SLP) IN FORECASTING OPTIMUM FACULTY REQUIREMENT ON COURSE ALLOCATION: EVIDENCE FROM DEPARTMENT OF BUSINESS ADMINISTRATION, DAFFODIL INTERNATIONAL UNIVERSITY. Journal of Critical Reviews, 7 (5), 2693-2702. doi:10.31838/jcr.07.05.442