By John Ausink, Albert A. Robbert
The reimbursement, Accessions, and group of workers administration method, designed to merge facts and instruments for research and to aid coordination of coverage efforts, is confirmed in educational layout, exhibiting how CAPM can be utilized to version a few protoypical coverage concerns.
Read Online or Download A Tutorial and Exercises for the Compensation, Accessions, and Personnel Management (CAPM) Model PDF
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Additional resources for A Tutorial and Exercises for the Compensation, Accessions, and Personnel Management (CAPM) Model
Dbg file. , 2000. , 2001. Ausink, John, Jonathan Cave, and Manuel Carrillo, Background and Theory Behind the Compensation, Accessions, and Personnel Management (CAPM) Model, Santa Monica, CA: RAND, MR-1667-AF/OSD, 2003. Ausink, John, Jonathan Cave, Thomas Manacapilli, and Manuel Carrillo, Users’ Guide for the Compensation, Accessions, and Personnel Management (CAPM) Model, Santa Monica, CA: RAND, MR-1668-AF/OSD, 2003.
7The default policy parameters are not static throughout all future years—they will capture known policy changes reflected in the service plans. ” 29 Modifying the Model’s Parameters To develop scenarios with the new pay tables, start from the CAPM screen again and initialize a new scenario using a label such as “testalt1” for the January 2000 pay table. Use the same service and projected years as the baseline scenario. The only change required in the policy parameters is to instruct the model to use the new pay tables: • Click + next to “Input: policies, parameters and data,” then open the “Compensation, reenlistment” cell.
The three most important parameters in this case are the interest rate, the retirement pay interest rate, and the inflation rate. The interest rate is set in the “General” section of the scenario sheet. This rate is used in calculating costs, but by default it is also used as the discount rate to calculate the present value of the income stream from retirement pay. If you open the “Retirement” section of the scenario sheet, you will see that the row labeled “Interest/COLA Rate” has the same value as the interest rate in the “General” section.