Management Sciences and Quantitative Methods Commons^™

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 …

Management By Objectives: A Cost/Benefits Analysis Toward Achieving Organizational Goals, John J. Mueller

Theses

This thesis will focus on the management process commonly known as Management by Objectives in an attempt to determine if this type of management is a viable option for companies to employ.

In its simplest form management by objectives has been around for hundreds of years. The modern day version of this management technique developed in the early 1950's due in large part to the writings of Peter Drucker . MBO's popularity grew slowly at first, but by the late 1960's and early seventies this management technique took hold in the United States and spread to corporations both large and …