Reassessing the Air Force's Selective Re-Enlistment Bonus Program

Abstract

The objective of this MBA project is to reassess the Air Force's current Selective Reenlistment Bonus Program and provide a possible alternative for the compensation calculation. To find that alternative method of calculation, the goal of this project was to create an experiment using a second priced sealed bid auction. The experiment would provide an insight to truth revealing compensation requests for future job continuation. This essential tool will allow the Air Force to begin the determination of how to retain vital active duty service members through compensation bonuses while minimizing overall personnel costs to the Department of Defense.