The objective of the World Bank's technical assistance (TA) in the asset management planning ofSerbia's railways, using the life-cycle cost (LCC) method, is to improve the condition of key track infrastructure in the country. The appropriate use of the LCC model would enable Serbian Railways...

The innovation ecosystem concept has been widely used as a framework to explain innovation activities within different industries. Despite the usefulness of this approach, the concept is under-theorized, especially with regard to the methodological issues. This article presents a new approach in...

The 27th SUERF Colloquium in Munich in June 2008: New Trends in Asset Management: Exploring the Implications was already topical in the Summer of 2008. The subsequent dramatic events in the Autumn of 2008 made the presentations in Munich even more relevant to investors and bankers that want to...

Both investor contributions and investment returns determine retirement plan outcomes, but they have distinctive effects over the investor's lifecycle. Focusing on target-date funds (TDFs) in 401(k) plans, our research demonstrates that in the early stage, contributions are the primary...

This paper is concerned with the use of currently available technology to provide individuals, financial advisors and pension fund financial planners with detailed prospective financial plans tailored to an individual's financial goals and obligations. By taking account of all prospective cash...