A Sequential Analysis of the Air Force Officer's Retirement Decision.

Abstract

A stochastic dynamic programming model that explicitly examines the incentives to retire from the military is developed and numerically evaluated. The dynamic program includes the most significant institutional factors affecting an Air Force Office's retirement decision; actual data on promotion probabilities, officer's pay and allowances, and retirement pay are embedded in the model. The note is a progress report; research generalizing the model presented in this note will be presented in a future report. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1979
Accession Number
ADA076233

Entities

People

  • Glenn A. Gotz
  • John J. Mccall

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • C4I
  • Human Systems

DTIC Thesaurus Topics

  • Active Duty
  • Air Force
  • Compensation
  • Computer Programming
  • Dynamic Programming
  • Field Grade Officers
  • Manpower
  • Military Personnel
  • Motivation
  • Numerical Analysis
  • Officer Personnel
  • Personnel Management
  • Probability
  • Probability Distributions
  • Random Variables
  • Sequential Analysis
  • Statistical Functions

Readers

  • Military Mobilization and Reserve Forces Studies.
  • Statistical inference.
  • Theoretical Analysis.