Publication:
Application of a Uniform Price Quality Adjusted Discount Auction for Assigning Surface Warfare Officer Retention Bonuses

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Authors
Nowell, Jason T.
Subjects
Surface Warfare Officer
SWO
Officer Retention
Auctions
QUAD
Quality
SWOCP
SWO Bonus
Advisors
Myung, Noah
Date of Issue
2012-03
Date
Mar-12
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
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 utilizes survey data to estimate officers preference parameters and compare the cost, quantity and quality of Surface Warfare Officers (SWO) retained by the current SWO bonus, a standard uniform-price auction, and a quality adjusted discount (QUAD) auction. The results demonstrate efficiency improvements over the current retention system. The thesis supports the findings from previous research on QUAD auctions, and confirms the hypothesis that increases in quality do not necessarily create cost increases. Findings from this thesis can be used in future retention and compensation policies to more cost effectively shape the force while maintaining or enhancing quality.
Type
Thesis
Description
Department
Management
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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