Monte Carlo Simulation in Personnel Management Training

Abstract

Today more than ever, students and instructors want relevancy in the classroom situation. In many areas of management education relevancy can be obtained through the utilization of actual case histories depicting real life situations in business and industry. However, because of the confidentiality of individual personnel files, relevancy is often difficult to obtain in certain areas of personnel management. Few firms will permit students access to the real and confidential information available in personnel files. But analysis of this type of data is an important part of the educational process for students of personnel management. The problem is how to obtain realistic, personal information on employees without sacrificing the confidentiality of the personnel file.