Date of Award

3-18-2009

Document Type

Thesis

Degree Name

Master of Science in Cost Analysis

Department

Department of Systems Engineering and Management

First Advisor

Eric J. Unger, PhD

Abstract

The purpose of this research was to evaluate the 60 year old military medical retirement system. Specifically, this thesis answered three research questions regarding a comparison of pay between the current system and the societal standard for injury and illness, identification of current segments of the military population disproportionately affected by the current system, and establishment of a minimal standard for medical retirement compensation. Previous research established the societal standard for compensation as the Value of Statistical Life. This thesis compared the current military medical retirement system with the Value of Statistical Life and identified several segments of the military medical retiree population that were adversely affected by the current system. Further, this thesis proposed a new method for calculating medical retirement pay incorporating the societal standard for injury and illness.

AFIT Designator

AFIT-GCA-ENV-09-M01

DTIC Accession Number

ADA500275

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