Articulating Value: A framework for Evaluating Military Retirement Alternatives

Abstract

In today's fiscally constrained environment, it is financially prudent to review all government programs to seek efficiencies and potential cost reductions. The Military Retirement System is no exception. The subject of retirement benefits for the members of our armed forces evokes strong interest among a diverse stakeholder group. Recent reviews of the Military Retirement System have been the subject of much discussion in the media. In view of this, a comprehensive evaluation framework must underpin any decision to change the current system. This work describes a methodology, rooted in value-focused thinking which quantifies the trade-space of the Military Retirement System. We utilize this methodology to build a model through which to analyze and compare the current system with six alternatives. We present the results of this comparative analysis in terms of the cost of each alternative relative to the value each generates. While highlighting some important results this study demonstrates an effective methodology to evaluate the trade-space of complex and resource intensive manpower decisions.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Nov 30, 2012
Accession Number
ADA567192

Entities

People

  • Anthony Bianchi
  • Marc Wood
  • Paul Kucik

Organizations

  • United States Military Academy

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Active Duty
  • Commerce
  • Cost Reductions
  • Costs
  • Department Of Defense
  • Engineering
  • Environment
  • Governments
  • Manpower
  • Mechanics
  • Military Personnel
  • National Security
  • Operations Research
  • Personnel Management
  • Spreadsheet Software
  • Systems Engineering
  • United States Military Academy

Readers

  • Defense Financial Management and Audit.
  • Systems Analysis and Design

Technology Areas

  • Space