Extension and Refinement of the Valuation of Air Force Experience

Abstract : This paper documents the extension and enhancements made to three previously developed value of Air Force experience models. Full investment cost, stochastic rewards valuation, and expected net present value models were applied to 10 additional enlisted and 14 additional officer occupational specialties. Several new cost estimating measures were developed during the model applications. Results showed the model provide defensible cost and value estimates of replacing and retaining trained personnel.