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| Author: | Rich, J. R. Boudreau, J. W. |
| Title: | The effects of variability and risk in selection utility analysis : empirical comparison. |
| Journal: | Personnel Psychology
1987 : SPRING, VOL. 40:1, p. 55-84 |
| Index terms: | PSYCHOLOGY PERSONNEL MANAGEMENT APTITUDE TESTS MONTE CARLO TECHNIQUE BREAK-EVEN ANALYSIS |
| Language: | eng |
| Abstract: | The study examined the utility variability for the selection utility of using the Programmer Aptitude Test to select computer programmers in a medium- sized computer manufacturing organization. Utility calculations involved financial/ economic factors as well as employee flows over time.The distributions for each utility parameter were empirically estimated, and these estimates were combined through a Monte Carlo analysis to yield a distribution of total utility values. |
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