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<p>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.
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<br>Subjects: Management; Manpower; Cost</div>
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White, Christopher S.</div>
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