Army College Fund Cost-Effectiveness Study
Abstract
The Army College Fund (ACF) has been a key element in the Army's strategy to recruit high quality individuals since FY82. However, the cost- effectiveness of the ACF as a force-manning tool has been a subject of debate since its introduction, primarily due to uncertainty about the values of key parameters required for a cost-effectiveness analysis. To improve the foundation for a cost-effectiveness analysis of the ACF, we first conducted three research efforts using newly-available data: (1) estimation of an enlistment supply model to determine the enlistment elasticity associated with ACF benefits, (2) estimation of first-term attrition and reenlistment models to assess the retention effects of the ACF, and (3) an analysis of education benefits usage. The results from these efforts were combined with other research in the area to provide the key parameters required for the cost-effectiveness analysis. Using a reasonable range of assumptions, we found that the ACF, at levels recently used, is a cost-effective recruiting tool.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1990
- Accession Number
- ADA235985
Entities
People
- D. A. Smith
- Lawrence Goldberg
- Paul Hogan