MARKOV CHAIN THEORY APPLIED TO THE PREDICTION OF RETIREMENT RATES,
Abstract
The paper demonstrates the feasibility of applying Markov chain theory to predict officer retirement rates over selected time periods. The chain of career states is based on total years of military service. Possible categorization for projecting group retirement rates is illustrated by distributing the 1962 officer roster according to flying status and according to career area. Data are the actual changes during the first half of 1962. Broader and more complex input information will be required to provide projections for use in personnel planning. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1964
- Accession Number
- AD0603110
Entities
People
- Francis D. Harding
- John W. Merck