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Optimizing The Us Marine Corps Selective Reenlistment Bonus Program For Career Force Retention
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Book Synopsis Optimizing the U.S. Marine Corps' Selective Reenlistment Bonus Program for Career Force Retention by :
Download or read book Optimizing the U.S. Marine Corps' Selective Reenlistment Bonus Program for Career Force Retention written by and published by . This book was released on 2007 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Marine Corps uses its Selective Reenlistment Bonus (SRB) Program to influence Marines to reenlist for a designated term into certain Military Occupational Specialties (MOSs) to reach planned manpower goals. The bonus amount is determined by selecting an "SRB multiplier" for each combination of MOS and Zone (MOSZ), where "Zone" corresponds to length of service. A higher multiplier means a larger bonus and leads to a higher percentage of Marines reenlisting. That percentage, predicted by an existing forecasting model, is assumed exact here. The "SRB multiplier model" assigns multipliers to minimize a sum of weighted squared deviations from MOSZ targets subject to a budget constraint. This model is implemented as a generalized assignment problem, and it is solved approximately on a personal computer using Lagrangian relaxation and a secondary heuristic. (The algorithm is programmed in Visual Basic for Applications and has an Excel interface.) Data for FY04 shows 491 bonus-eligible MOSZs. With up to 11 possible multiplier values, this yields a model with 5,401 0-1 variables and 491 constraints. A solution within 0.0018% of optimality is reached in 1.4 seconds on a 1.58 GHz personal computer. Standard integer-programming software verifies the correctness of the solution.
Download or read book בענפי הלכה written by and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Military Retention Incentives: Effectiveness and Administration, Department of Defense by : United States. General Accounting Office
Download or read book Military Retention Incentives: Effectiveness and Administration, Department of Defense written by United States. General Accounting Office and published by . This book was released on 1974 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions by : Robert W. Barry, Jr.
Download or read book An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions written by Robert W. Barry, Jr. and published by . This book was released on 2001-12-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis analyzes the effect of the United States Marine Corps instituting a lump sum Selective Reenlistment Bonus (SRB) Program on reenlistment decisions of first-term enlisted Marines, Between fiscal year 1982 and fiscal year 2000, Zone A reenlistees were paid 50 percent of their SRB on the date of reenlistment, and the remaining 50 percent was paid in annual installments over the reenlistment contract period. In fiscal year 2001, under the new program Marines received 100 percent of the SRB upon reenlisting The thesis surveys the literature on models of enlisted retention, The thesis empirically examines the impact of personal characteristics, civilian pay, unemployment, and the lump sum bonus on reenlistment decisions, Marine retention probabilities under the lump sum payment program are compared to the probabilities under the standard partial-annuity payment system The results show that the lump sum bonus is associated to a 5,8 percentage point increase in the reenlistment probability, A one-level increase in the SRB multiple during fiscal year 2001 is related to a reenlistment rate increase of 2,6 percentage points,
Book Synopsis Military personnel management and oversight of Selective Reenlistment Bonus program needs improvement. by :
Download or read book Military personnel management and oversight of Selective Reenlistment Bonus program needs improvement. written by and published by DIANE Publishing. This book was released on with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense Appropriations for 2010, Part 3, 111-1 Hearings by :
Download or read book Department of Defense Appropriations for 2010, Part 3, 111-1 Hearings written by and published by . This book was released on 2010 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions by :
Download or read book An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions written by and published by . This book was released on 2001 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis analyzes the effect of the United States Marine Corps instituting a lump sum Selective Reenlistment Bonus (SRB) Program on reenlistment decisions of first-term enlisted Marines, Between fiscal year 1982 and fiscal year 2000, Zone A reenlistees were paid 50 percent of their SRB on the date of reenlistment, and the remaining 50 percent was paid in annual installments over the reenlistment contract period. In fiscal year 2001, under the new program Marines received 100 percent of the SRB upon reenlisting The thesis surveys the literature on models of enlisted retention, The thesis empirically examines the impact of personal characteristics, civilian pay, unemployment, and the lump sum bonus on reenlistment decisions, Marine retention probabilities under the lump sum payment program are compared to the probabilities under the standard partial-annuity payment system The results show that the lump sum bonus is associated to a 5,8 percentage point increase in the reenlistment probability, A one-level increase in the SRB multiple during fiscal year 2001 is related to a reenlistment rate increase of 2,6 percentage points,
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Defense Publisher : ISBN 13 : Total Pages :496 pages Book Rating :4.F/5 ( download)
Book Synopsis Department of Defense Appropriations for 2010 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Defense
Download or read book Department of Defense Appropriations for 2010 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Defense and published by . This book was released on 2010 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Retention Effect of Using Lump Sum Payments for the U.S. Marine Corps Selective Reenlistment Bonus Program by : David L. Ross
Download or read book An Analysis of the Retention Effect of Using Lump Sum Payments for the U.S. Marine Corps Selective Reenlistment Bonus Program written by David L. Ross and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the estimated effects on enlisted retention in the Marine Corps of changing the Selective Reenlistment Bonus (SRB) payment method to lump sum. The thesis surveys the literature on personal discount rates (PDR) and on models of enlisted retention. The thesis analyzes the potential effect of the payment method on retention of Zone A eligible personnel using a range of PDRs and retention elasticities estimated by the Center for Naval Analyses. The NPV of a lump sum payment was compared to that of the current payment method using the actual SRB multiples for each USMC Occupational Field. The results indicate Zone A first-term Marine retention will increase between 6. 8 percent and 11.7 percent if the SRB payment were made in lump sum. The effect of switching to a lump sum payment was also analyzed using the Annualized Cost of Leaving (ACOL) model. The ACOL model estimates reinforced the estimates predicted by this thesis. Finally, a Monte Carlo simulation was run in Microsoft Excel to estimate the probabilities of attaining a given number of Marines across all Occupational Fields. The Monte Carlo simulation runs show an increased probability of obtaining a given number of first-term Marines by changing the SRB payment method to lump sum.
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on National Security Publisher : ISBN 13 : Total Pages :636 pages Book Rating :4.3/5 ( download)
Book Synopsis Department of Defense Appropriations for 1999 by : United States. Congress. House. Committee on Appropriations. Subcommittee on National Security
Download or read book Department of Defense Appropriations for 1999 written by United States. Congress. House. Committee on Appropriations. Subcommittee on National Security and published by . This book was released on 2002 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense Authorization for Appropriations for Fiscal Year 2105 and the Future Years Defense Program, S.Hrg.113-465, Part 6, March 26 and April 9, 2014, 113-2 by :
Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 2105 and the Future Years Defense Program, S.Hrg.113-465, Part 6, March 26 and April 9, 2014, 113-2 written by and published by . This book was released on 2015 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Effect of Using Lump Sum Payments for the U. S. Marine Corps Selective Reenlistment Bonus Program by : David L. Ross
Download or read book An Analysis of the Effect of Using Lump Sum Payments for the U. S. Marine Corps Selective Reenlistment Bonus Program written by David L. Ross and published by . This book was released on 2000-03-01 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the estimated effects on enlisted retention in the Marine Corps of changing the Selective Reenlistment Bonus (SRB) payment method to lump sum. The thesis surveys the literature on personal discount rates (PDR) and on models of enlisted retention. The thesis analyzes the potential effect of the payment method on retention of Zone A eligible personnel using a range of PDRs and retention elasticities estimated by the Center for Naval Analyses. The NPV of a lump sum payment was compared to that of the current payment method using the actual SRB multiples for each USMC Occupational Field. The results indicate Zone A first-term Marine retention will increase between 6. 8 percent and 11.7 percent if the SRB payment were made in lump sum. The effect of switching to a lump sum payment was also analyzed using the Annualized Cost of Leaving (ACOL) model. The ACOL model estimates reinforced the estimates predicted by this thesis. Finally, a Monte Carlo simulation was run in Microsoft Excel to estimate the probabilities of attaining a given number of Marines across all Occupational Fields. The Monte Carlo simulation runs show an increased probability of obtaining a given number of first-term Marines by changing the SRB payment method to lump sum.
Book Synopsis Determination of Selective Reenlistment Bonus Multipliers in the United States Marine Corps by : Dean D. DeWolfe
Download or read book Determination of Selective Reenlistment Bonus Multipliers in the United States Marine Corps written by Dean D. DeWolfe and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selective Reenlistment Bonuses (SRBs) are offered to improve retention in designated military occupational specialties (MOSs) for specified years-of-service intervals (zones). The amount of the bonus is set by assigning an 'SRB Multiplier' for each MOS and zone combination (cell). Determination of multipliers is modeled as a nonlinear knapsack problem which is then linearized to a generalized assignment problem. The objective is to minimize the sum over all cells of a weighted squared deviation from the reenlistment target in each cell. Lagrangian relaxation provides lower bounds and feasible solutions. The best feasible solution is improved using a greedy heuristic to apportion unexpended funds. A FORTRAN 77 computer program implements the procedure. Data for FY86 yields a 0-1 integer program with 4795 binary variables and 980 constraints. A solution within .01% of optimality is obtained on an IBM 3033AP in 1.7 seconds and on an IBM PC in about four minutes. Keywords: Math programming; Integer programming; Knapsack problem; Selective reenlistment bonus; Lagrangian relaxation; Generalized assignment problem; Theses.
Download or read book Army SRB Program written by and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this study the effects of Selective Reenlistment Bonuses (SRBs) on Army reenlistments over the 1990-2000 period at Zones A, B, and C at three levels of occupational aggregation - all Army, career management field (CMF), and military occupational specialty (MOS) - were re-estimated to explicitly control for the drawdown in the mid-1990s as well as labor market conditions. In general, the results for Zone A at all levels of occupational aggregation indicate that reenlistment bonuses have a positive and statistically significant effect on Zone A reenlistments. A one-level increase in SRB at Zone A typically increases the reenlistment rate by 3 to 7 percentage points, depending upon the occupation. The results for Zone B are also solid at both the CMF and MOS levels. Results for Zone C, where reenlistment rates are typically very high, were reasonably solid but not quite as good as the Zone A and B results. The results provide the Army with estimates of reenlistment responsiveness to bonus changes for all three zones for all MOS. We also estimated the effect of SRBs on the reenlisting Soldier's choice of length of reenlistment. Increases in the SRB level not only increase reenlistments, but also increase the length of reenlistment. The length of reenlistment effects were incorporated into the SRB Management System to better predict program costs and the additional staff years of contracted service provided by the bonus program."--Stinet.
Book Synopsis Department of Defense Authorization for Appropriations for Fiscal Year 2015 and the Future Years Defense Program: Personnel by : United States. Congress. Senate. Committee on Armed Services
Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 2015 and the Future Years Defense Program: Personnel written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2015 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on National Security Publisher : ISBN 13 : Total Pages :644 pages Book Rating :4.0/5 (1 download)
Book Synopsis Department of Defense Appropriations for 1999: Personnel quality of life issues by : United States. Congress. House. Committee on Appropriations. Subcommittee on National Security
Download or read book Department of Defense Appropriations for 1999: Personnel quality of life issues written by United States. Congress. House. Committee on Appropriations. Subcommittee on National Security and published by . This book was released on 2002 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Military Retention Incentives by : Justin Joffrion
Download or read book Military Retention Incentives written by Justin Joffrion and published by . This book was released on 2015 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The limited lateral entry and rigid pay structure for U.S. military personnel present challenges in retaining skilled individuals who have attractive options in the civilian labor market. One tool the services use to address this challenge is the Selective Reenlistment Bonus (SRB), which offers eligible personnel with particular skills a substantial cash bonus upon reenlistment. However, the sequential nature of the bonus offer and reenlistment process limits the ability to adjust manpower quickly, raising interest in research that estimates the effect of the SRB on retention. While this literature has acknowledged challenges including potential endogeneity of bonus levels, attrition, and reenlistment eligibility, many studies do not address these concerns adequately. This paper uses a comprehensive panel data set on Air Force enlisted personnel to estimate the effect of the SRB on retention rates. We exploit variation in bonus levels within skill groups, control for civilian labor market conditions, and model reenlistment eligibility to avoid common assumptions that lead to biased impact estimates. We find substantial heterogeneity in the effect of the bonus, with the largest effects on first-term service members and those whose skills have not historically received a substantial bonus. We also find evidence that the bonus affects the timing of reenlistment decisions in addition to their frequency.
