The uniform price quality adjusted discount auction for aviation continuation pay : potential benefits to the U.S. Marine Corps
Download
Author
White, Christopher S.
Date
2010-03Advisor
Gates, William
Hatch, William
Myung, Noah
Metadata
Show full item recordAbstract
This objective of this thesis is to explore the potential benefits realized by the Marine Corps if the current Aviation Continuation Pay (ACP) system is replaced with an auction mechanism that utilizes Quality Adjusted Discount (QUAD) methodology. The Uniform Price Quality Adjusted Discount Auction is designed to reduce the total cost of ACP while simultaneously increasing the overall quality of the aviators being retained. The goal of this study was to evaluate the existing ACP system and through experimentation, coupled with economical analyses, determine the feasibility of replacing the current system of assigning the aviator retention bonus with one that incorporates QUAD methodology. The QUAD auction mechanism caters to a wide range of individual reservation values resulting from various economic conditions. An ACP auction would reflect changing economic conditions, because aviators would reveal their true reservation values when bidding. Although an auction mechanism may not always result in a cost savings, it will ensure that the bonus amounts are set at the correct levels. If a QUAD auction were used in lieu of the current ACP system, Marine Corps manpower planners would have the flexibility to more cost effectively retain higher quality aviators while achieving Marine Corps aviator retention goals.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
Related items
Showing items related by title, author, creator and subject.
-
Evaluation of aviation career pay incentives among the Naval Aviation enterprise utilizing auction mechanisms
Williams, Brett M. (Monterey, California: Naval Postgraduate School, 2015-03);Naval Aviation utilizes the Aviation Career Continuation Pay (ACCP) as a means to retain qualified aviators to meet manpower requirements. However, the current program has failed to meet targeted retention across communities ... -
Application of a Uniform Price Quality Adjusted Discount Auction for Assigning Surface Warfare Officer Retention Bonuses
Nowell, Jason T. (Monterey, California. Naval Postgraduate School, 2012-03);This thesis analyzes the potential benefits of implementing a unique auction model that provides community and compensation managers with the ability to control for the quality and quantity of sailors retained. The study ... -
Salary auctions and matching as incentives for recruiting to positions that are hard to fill in the Norwegian Armed Forces
Homb, Henning Hansen. (Monterey, California. Naval Postgraduate School, 2006-03);A significant number of positions in the Norwegian Armed Forces that are open for assignment are not filled because they do not receive any qualified applicants. Over the last five years, over 30 percent of the announced ...