Although long-term care is a substantial financial risk for retired households, only about 10 percent purchase insurance, with many of the remainder relying on Medicaid. Faced with rising Medicaid expenditures on long-term care, states have attempted to encourage the purchase of private...

Retired households must trade off the risk of outliving their wealth against the cost of unnecessarily restricting their consumption. Using numerical optimisation techniques, we compare two innovative rules of thumb: (1) consuming the age-related percentage of remaining wealth specified in the...

Although product innovation is a key tool for firms competing in the marketplace, innovating firms often fail to obtain economic returns from their product innovations. This study examines the moderating effects of legal, marketing, and technological capabilities on the relationship between...

The line-cell conversion is established as a new production system towards converting traditional conveyor assembly line to a cell system, in which one (or multiple) worker carries out all of the operations of a job in a cell. Its performance improvement can be enhanced by reducing worker(s)...

Long-term care is one of the major expenses faced by many older Americans. Yet, we have only limited information about the risk of needing long-term care and the expected duration of care. The expectations of needing to receive home health care, live in an assisted living facility or live in a...

Using a sample of apartment transactions during 2004–2006 in Chengdu, China, we investigate the impact of superstitions in the Chinese real estate market. Numerology forms an important component of Chinese superstitious lore, with the numbers 8 and 6 signifying good luck, and the number 4 bad...

In the design of solar air heaters (SAHs), channel depth is a principal variable to be fixed. In this paper, the effect of the channel depth on the energy gain of type I and type III SAHs has been investigated by computational fluid dynamics (CFD) simulations. Laminar model and k–ω turbulence...

In this paper, Hunt’s hypothesis (H) and Getoor’s conjecture for Lévy processes are revisited. Let X be a Lévy process on Rn with Lévy–Khintchine exponent (a,A,μ). First, we show that if A is non-degenerate then X satisfies (H). Second, under the assumption that μ(Rn∖ARn)∞, we...

Simple and reliable, PV direct-coupled DC pumps are promising in solar water heating systems (SWHS). However, there is limited experimental data on the performance comparison of PV-coupled SWHS with traditional SWHS. Hence in this study, a comparative test rig is set up to measure and analyze...