A Sequential Analysis of the Air Force Officer's Retirement Decision.
RAND CORP SANTA MONICA CA
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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 Offices retirement decision actual data on promotion probabilities, officers 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
- Personnel Management and Labor Relations
- Numerical Mathematics