Mediterranean regional project (mrp) technique, Microeconomics

Assignment Help:

Mediterranean Regional Project (MRP) Technique

This technique had been initially employed by the OECD (Organisation of Economic Cooperation and Development, Europe) to prepare manpower plans for six countries which were sharing the Mediterranean Sea. The sea-based resources served as one common feature for all these countries. The countries covered were Greece, Italy, Yugoslavia, Portugal, Turkey and Spain.


There are essentially three major steps in forecasting demand for skilled and qualified manpower:

(i) Projecting the demand for educated manpower,

(ii) Projecting the supply of educated manpower,

(iii) Balancing the demand with supply.

Under the MRP technique, there are five steps in projecting demand for qualified manpower.


Related Discussions:- Mediterranean regional project (mrp) technique

Opportunity cost, what are the concept of opportunity cost

what are the concept of opportunity cost

Delphi techniques, This method is also known as Experts opinion methods of ...

This method is also known as Experts opinion methods of investigation. In this method instead of depending upon the opinion of buyers and salesmen firms can obtain views of the spe

Monopoly, Let''s assume that a monopolist decides to maximize revenue, rath...

Let''s assume that a monopolist decides to maximize revenue, rather than profit. How does this operating objective change the size of the deadweight loss?

Market Structures, Using the key distinguishing features of any market stru...

Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry

What functions include of money, The functions of money include; (1)  mediu...

The functions of money include; (1)  medium of exchange,  (2)  store of value, and (3)  a calculate of worth.  Due to money is acceptable as a form of payment for all commodities,

Labour supply, Discuss how the opportunity cost principle influence a suppl...

Discuss how the opportunity cost principle influence a supplier''s decision to supply labour

Consumer behavior, what are the properties of marshallian demand function

what are the properties of marshallian demand function

Willingness to pay, Suppose one were asked to recommend a price for the out...

Suppose one were asked to recommend a price for the output of a proposed downtown parking garage, so that the project would have as large a Net Present Value as possible.  In this

What are the goal of sustainability, The goal of sustainability requires th...

The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab

Strategic importance of supply chain management, Strategic Importance of Su...

Strategic Importance of Supply Chain Management This describes the scope of supply chain management (SCM), including the management of procurement, logistics and materials. It

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd