Personnel Cost Minimization Using A Stochastic Inventory Projection Model: A Prototype
Abstract
On average, female enlisted sailors have lower continuation rates than male sailors, but the size of the difference varies by enlisted management community (EMC) and years of service. To fill requirements as the female share of accessions increases, the Navy can increase the overall number of accessions, increase retention bonuses, or both. The choices generate different costs for each EMC that depend on the required accession qualifications (e.g., recruiting effort and training intensity/time), the EMC billet structure, and the size of the gender differences in continuation rates. We present a prototype stochastic inventory projection model that helps make two main decisions for each of 5 EMCs independently: (1) number of accessions and (2) selective reenlistment bonus (SRB) levels. For different levels of the female share of accessions, the model minimizes cost while meeting manning requirements. We then employ a second cost minimization routine (i.e., a bi-level optimization) to find the cost-minimizing solution across the five EMCs. If expanded to all EMCs, the model could provide analytic support for finding cost-minimizing accession and SRB plans.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 2019
- Accession Number
- AD1073857
Entities
People
- Ann Parcell
- David Reese
- Gregg Schell
Organizations
- Center for Naval Analyses