This paper develops a methodology for showing how forecast horizons for stochastic planning problems relate to the planning procedures and the information system within the organization. To illustrate the approach we have chosen a relatively straightforward production problem where the firm can...

This paper examines the demand and supply of annual and multi-year insurance contracts with respect to protection against a catastrophic risk in a competitive market. Insurers who offer annual policies can cancel policies at the end of each year and change the premium in the following year....

This paper examines the impact that specific risk mitigation measures (RMMs) could have on reducing losses from hurricanes and earthquakes as well as improving the solvency position of insurers who provide coverage against these hazards. We first explore why relatively few individuals adopt...