Business Administration, Management, and Operations Commons^™

Life Insurance Applications Of Recursive Formulas, Timothy L. Giles

Journal of Actuarial Practice (1993–2006)

This paper discusses several practical applications of recursive formulas:

a) Traditional whole life-As an introduction, the well-known relationship between successive terminal reserves is reviewed. Recursive formulas are developed to calculate the reserves and the premiums;

b) Universal life-Recursive formulas are used both for the calculation of target premiums and reserves. Consideration is given to the TEFRA corridor;

c) Paid-up rider-A participating single premium rider that provides a level death benefit can be devised using an inherent one year term benefit. Recursive functions are used to determine the premium that precisely matures the rider.

Because the APL programming language is particularly …

Journal Of Actuarial Practice, Volume 1, No.1, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

ARTICLES

Global Social Security: How the Rules are Changing in Certain Countries • Robert J. Myers

On Becoming a Cost Effective Company • Robert D. Shapiro and Barton H. Clennon

The Process of Pension Forecasting • Michael Sze

Cost-Based Pricing of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis • Patrick Butler

Discussion • Ruy A. Cardoso & Richard G. WolI & Patrick Butler's Reply

A New Approach to Modeling Excess Mortality • Peter D. England and Steven Haberman

The Small Plan Audit Program: The Opinions of the Court • Arnold F. Shapiro

BOOK REVIEWS

A. Hoque Sharif reviews "Options …

Journal Of Actuarial Practice, Volume 1, No. 2, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

ARTICLES

Ethical Issues, Helps, and Challenges: Perceptions of U.S. Actuaries • Therese M. Vaughan, Robert W. Cooper, and Garry L. Frank

Managing the Relative Volumes of Participating and Nonparticipating Business in a Mutual Life Company • Robert G. Chadburn

A Critique of Defined Contribution Plans Using a Simulation Approach • David M. Knox

Discussion • Michael Sze & David M. Knox's Reply

The Definition of Insurance: Implications for a Health Insurance Demand Model • Mark J. Browne

Discussion • Charles S. Fuhrer & Mark J. Browne's Reply

On the Equivalence of the Loss Ratio and Pure Premium Methods of Determining …

Funding Methods And Pension Plan Amendments, Keith P. Sharp

Journal of Actuarial Practice (1993–2006)

This paper considers the treatment of plan amendments under the individual entry age normal and projected unit credit methods. Alternative treatments are considered, and comments are made about their acceptability.

The Small Plan Audit Program: The Opinions Of The Court, Arnold F. Shapiro

Journal of Actuarial Practice (1993–2006)

One of the most important issues of recent years from the perspective of many pension actuaries is the IRS's small plan audit program. The program initially was expected to raise two-thirds of a billion dollars by targeting well-funded defined benefit plans with five or fewer participants. The focus of the audit was the assumed interest rate and the normal retirement age, both of which the IRS generally regarded as too low. While the focus of the audit was relatively narrow, the issue it raised was a funda mental one. The basic question was the extent to which the IRS could …

Managing The Relative Volumes Of Participating And Nonparticipating Business In A Mutual Life Company, Robert G. Chadburn

Journal of Actuarial Practice (1993–2006)

Management decisions of a mutual life company involving the amounts and relative proportions of participating (with profits) and nonparticipating (without profits) business and the level of expenses are examined in relation to their effect on participating policyholders' returns. A particular expense ratio is defined that plays a key role in a framework for making such decisions. The sensitivity of participating policy returns to changes in each factor are analyzed. Companies with expense ratios (as defined) of less than 2 are shown to prefer a different strategy from companies with higher ratios. There is an incomplete tendency for the ratio to …

Cost-Based Pricing Of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis, Patrick Butler

Journal of Actuarial Practice (1993–2006)

Every mile traveled by a car transfers risk to its insurer. This paper posits that the product of a cents-per-mile rate based on class experience and the miles recorded on the car's odometer appropriately earns prepaid premium while the car is driven. Operation of a practical car-mile system is described briefly. To test the competing idea that driver-record pricing responds to known large differences in risk transfer, a model used to validate claim free discounts is reexamined with the car-mile as the measure of individual cost. Driver-record pricing is found to inflate car-year price-to-cost differences. Consequences of accident rate variability …

Discussion Of Patrick Butler's "Cost-Based Pricing Of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis", Ruy A. Cardoso

Journal of Actuarial Practice (1993–2006)

No abstract provided.

No. 120 1992 November

International Journal for Business Education

SIEC Historical Documents

No. 119 1992 April

International Journal for Business Education

SIEC Historical Documents

1991-1992 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

1991-1992 Financial Summary of Morehead State University.

1992, W, Wapenhans, Report Of The Portfolio Review Working Group, Part 2, Willi Wapenhans

WBIP Creation Up To 1993

One of two parts of the "Wapenhans Report", which documented significant failures throughout the Bank's portfolio due to a culture of approval that preferences project quantity and moving money over project quality or development results. This was one of the primary studies that was cited by Bank critics as demonstrating the need for reforms, including the Inspection Panel

1992, W. Wapenhans, Ibrd, Review Of The Portfolio Review Working Group, Part 1, Willi Wapenshans

WBIP Creation Up To 1993

No abstract provided.

No. 118 1991 November

International Journal for Business Education

SIEC Historical Documents

Ua3/8/1 A Comparative Examination Of University Revenues & Expenditures, Melvin Borland, John Wassom, Wku President's Office - Meredith

WKU Administration Documents

Draft working paper A Comparative Examination of University Revenues & Expenditures.

A Study Into The Feasibility Of Establishing A System For The Buy-Back Of Salmon Fishing Authorisations And Related Endorsements., P. J. Monaghan

Fisheries Management Papers

A buy-back system for the buy-back of under performing salmon authorisations is suggested as the most cost effective method of reducing the number of salmon fishing units. It could be of benefit to commercial salmon fishermen and could be achieved at relatively modest cost. The alternative of implementing a buy-back system of interest to all salmon authorisation holders could be extraordinary expensive as salmon fishermen place a high value on lifestyle.

Miscellaneous Publication 28/91 - Midas (Model Of An Integrated Dryland Agricultural System), David J. Pannell, Andrew Bathgate

Farm Systems and Economics published reports

MIDAS is a bioeconomic model of mixed crop/livestock farms in Western Australia. It selects farm management strategies which maximise profit subject to resource, technical and environmental constraints using the linear programming technique. This document provides a thorough documentation of the version of MIDAS developed for the "eastern wheatbelt" region. If you are learning to use MIDAS with the MARG menu driven system, you need to read the MARG manual as well as this documentation.

From early in the life of MIDAS, we gave a high priority to making the data and assumptions readily accessible in documentation and in microcomputer spreadsheet …

No. 117 1991 April

International Journal for Business Education

SIEC Historical Documents

Ua4/1 1991-1992 Operating Budget Revised, Part I, Wku Academic Budgets & Administration

WKU Administration Documents

First 50 pages of the revised operating budget for 1991-92, includes introduction, estimated budget resources, summary of departmental budgets and budgets / salary lists for individual departments for Accounting, Economics, Administrative Office Systems, Management, Marketing, Finance, Teacher Education, Educational Leadership, Psychology, Physical Education, Military Science, Home Economics, Art and English.

Ua4/1 1991-1992 Operating Budget Revised, Part Iv, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 151-200 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Student Health Services, Athletics, Registrar, Admissions, Minority Student Support, Faculty Senate, Regents, President, Academic Affairs, Student Affairs, Business Affairs, Institutional Research, University Attorney, Administration & Technology, Accounts & Budget, Personnel, Foundations, Transportation, Public Safety, Purchasing, Postal Services, Development and University Relations.

Ua4/1 1991-1992 Operating Budget Revised, Part V, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 201-250 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Alumni Affairs, Information Center, Central Computer & Information Services, Physical Plant, Custodial Services, Maintenance, Auxiliary Services, Food Services and Housing, along with general institutional expenses, benefits and scholarships.

Ua4/1 1991-1992 Operating Budget Revised, Part Ii, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 51-100 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of English, Modern Languages, History, Music, Philosophy & Religion, Communication & Broadcasting, Journalism, Theatre & Dance, Government, Sociology & Anthropology, Social Work, Agriculture, Biology, Chemistry, Geography & Geology, Mathematics, Physics, Engineering Technology, Industrial Technology, Nursing, Health & Safety, Allied Health, Area Health Education System, Computer Science, Community College, Extended Campus, Honors, Independent Study, Summer School, Sponsored Programs, Faculty Research, Publications and Graduate Student Research.

Ua4/1 1991-1992 Operating Budget Revised, Part Vi, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 251-283 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Housing, Auxiliary Services, Sponsored Programs and grants.

Ua4/1 1991-1992 Operating Budget Revised, Part Iii, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 101-150 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Fine Arts, Hardin Planetarium, Cave & Karst Studies, Agriculture Exposition Center, Continuing Education, Distance Learning, Center for Local Government Services, Asian Center, Center of Excellence, Coal Science Center, Center for Industry & Technology, Public Radio, Sponsored Programs, Economic Development, University Libraries, Public Television & Radio, Academic Computing, University Farm, Business College, Education, Potter College, Ogden College, Graduate Studies, International Programs, Gerontology Programs, Student Life and Academic Services.

1990-1991 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

1990-1991 Financial Summary of Morehead State University.

No. 116 1990 November

International Journal for Business Education

SIEC Historical Documents

No. 115 1990 April

International Journal for Business Education

SIEC Historical Documents

No. 114 1989 November

International Journal for Business Education

SIEC Historical Documents

No. 113 1989 April

International Journal for Business Education

SIEC Historical Documents

Ganga Paper Limited, P Bala Bhaskaran

IIMB Management Review

No abstract provided.