A Sequential Analysis of the Air Force Officer's Retirement Decision

Glenn A. Gotz, John McCall

Published 1979

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 officer's retirement decision; actual data on promotion probabilities, officer's 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.

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Gotz, Glenn A. and John McCall, A Sequential Analysis of the Air Force Officer's Retirement Decision. Santa Monica, CA: RAND Corporation, 1979. https://www.rand.org/pubs/notes/N1013-1.html.
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Version Note

This publication supersedes a previous version published in 1979 (N-1013-AF).