Longevity risk is the risk that the promised recipient of lifetime cashflows ends up living much longer than originally anticipated, thus causing a shortfall in funding. A related risk, reimbursement risk is the risk that providers of health insurance face when new and expensive drugs are...

We define long shots as investment projects with four features: (1) low probabilities of success; (2) long gestation lags before any cash flows are realized; (3) large required up-front investments; and (4) very large payoffs (relative to initial investment) in the unlikely event of success....

A major consequence of the Internet era is the emergence of complex “platforms” that combine technology and process in new ways that often disrupt existing industry structures and blur industry boundaries. These platforms allow easy participation that often strengthens and extends network...

This paper addresses the problem of scheduling multipletime and priority sensitive tasks efficiently in an environmentwhere the number of resources is limited and the resourceshave varying capabilities and restricted capacities.We use a help desk environment as our working model,however, the...

We discuss information needs of marketers on the World-Wide Web and present a classificationof types of information one can possibly get about Web site visits based on its ease of gathering.We then analyze how information needs can be satisfied using different categories of informationgathered...

We adopt the view of organizations as information processingentities. As such, we propose that various exogenous and endogenousfactors should affect the performance of organizations with respect toinformation processing tasks. We present a methodology for modelingorganizational structures and...

The field of agent-based simulation of financial markets has grownconsiderably in the last decade. However, the interpretation ofsimulation results has received far less attention. Typically, theresults of a large number of simulations are reduced to one or twosummary statistics, such as sample...

A major gap exists between the conceptual suggestion of how much a nation should invest in science, innovation, and technology, and the practical implementation of what is done. We identify 4 critical challenges that must be address in order to develop an environment conducive to collaboration...