Integrating long-term care insurance purchase decisions with saving and investment for retirement

Risk related to long-term care (LTC) is high for the elderly. Planning for LTC is now regarded as the ‘third leg’ of retirement planning. In this paper, planning for LTC is integrated with saving and investment decisions for an integrated approach to retirement planning. Optimal LTC insurance purchase decisions are obtained by developing a trade-off between post-retirement LTC costs and LTC insurance premiums paid and coverage received. Integrating insurance purchase with wealth evolution, consisting of saving and investment decisions, allows addressing affordability issues.Two-way branching models are used for the stochastic health events and asset returns. The problem, formulated as a nonlinearly constrained mixed-integer optimization problem, is solved using a heuristic. Sensitivity analyses are performed for initial health and wealth status. Some important aspects of an individual’s behavioral preferences are also addressed in this framework to provide more robust decision support.     

On Gittins’ index theorem in continuous time

We give a new and comparably short proof of Gittins’ index theorem for dynamic allocation problems of the multi-armed bandit type in continuous time under minimal assumptions. This proof gives a complete characterization of optimal allocation strategies as those policies which follow the current leader among the Gittins indices while ensuring that a Gittins index is at an all-time low whenever the associated project is not worked on exclusively. The main tool is a representation property of Gittins index processes which allows us to show that these processes can be chosen to be pathwise lower semi-continuous from the right and quasi-lower semi-continuous from the left. Both regularity properties turn out to be crucial for our characterization and the construction of optimal allocation policies.     

On the pivot structure for the weighing matrix W(12,11)

In the present article we concentrate our study on the growth problem for the weighing matrix W(12,11) and show that the unique W(12,11) has three pivot structures. An improved algorithm for extending a k × k (0,+,-) matrix to a W(n,n-1), if possible, has been developed to simplify the proof. For the implementation of the algorithm special emphasis is given to the notions of data structures and parallel processing.     

The problem of Dirichlet for anisotropic quasilinear degenerate elliptic equations

We consider the Dirichlet problem for a class of anisotropic degenerate elliptic equations. New a priori estimates for solutions and for the gradient of solutions are established. Based on these estimates sufficient conditions guaranteeing the solvability of the problem are formulated. The results are new even in the semilinear case when the principal part is the Laplace operator.     

Measures on minimally generated Boolean algebras

We investigate properties of minimally generated Boolean algebras. It is shown that all measures defined on such algebras are separable but not necessarily weakly uniformly regular. On the other hand, there exist Boolean algebras small in terms of measures which are not minimally generated. We prove that under CH a measure on a retractive Boolean algebra can be nonseparable. Some relevant examples are indicated. Also, we give two examples of spaces satisfying some kind of Efimov property.     

Über die abstandsverträglichen Abbildungen auf dem Kreis und auf der reellen Geraden

Zusammenfassung. Eine Abbildung zwischen metrischen R?umen hei?t abstandsvertr?glich, wenn der Abstand der Bilder zweier Punkte nur vom Abstand der Punkte selbst abh?ngt. Wir zeigen, dass eine Abbildung genau dann abstandsvertr?glich ist, wenn der Cauchyschen Funktionalgleichung genügt, also ein Endomorphismus der Gruppe ist. Ein entsprechendes Resultat gilt auch für die abstandsvertr?glichen Abbildungen des Kreises (mit der Multiplikation komplexer Zahlen als Gruppenverknüpfung). Damit kann man sowohl alle messbaren abstandsvertr?glichen Abbildungen von bzw. in sich angeben, als auch einen Nachweis für die Existenz nichtmessbarer abstandsvertr?glicher Abbildungen auf und erbringen. Eingegangen am 20. Juni 2001 / Angenommen am 13. September 2001     

硼砂与氯化铵合成hBN反应机理的研究

 研究了以硼砂、氯化铵为原料在氨气气氛下合成hBN 的反应机理。指出氯化铵在反应中的主要作用是与硼砂反应形成可阻止硼砂颗粒团聚的高熔点膜层；而氨气的主要作用就是提供大量参与反应的NH₃分子，增加了反应几率；新生成的hBN则进一步隔离高度熔融的硼砂团粒，防止玻璃相的生成。     

B物理中的难题

讨论单举B介子衰变中的难题, 包括直接CP非对称性及纵向极化分支比, 这些难题可能皆归因于量子色动力学的不准确度, 并非新物理的讯号.     

The design of the main accelerator for a pulsed positron beam

The pulsed positron beam at the Helsinki University of Technology is designed for the end energy of 3-30 keV and grounded target. This is achieved with a constant voltage acceleration followed by an adjustable deceleration. In the design of this accelerator-decelerator the possibility for electrical breakdowns and partial discharges must be eliminated.For designing the electrode and insulator structures for accelerator-decelerator configuration electric field simulations were carried out with the finite element analysis program. In this paper we present the design of the accelerator-decelerator and the results of the electric field simulations. The results of high voltage tests will also be presented and compared with the simulations.