This paper considers the effects of a policy that links retirement age to life expectancy. We focus on the effects on healthy life expectancy before and after retirement, and on the likelihood of being in good health at retirement age. To investigate these effects, we use a stochastic projection...

We study the evolution in remaining life expectancy and healthy life expectancy of the U.S. population from 1972 to 2020, distinguished by genders. We propose a methodology to forecast life expectancy and healthy life expectancy by incorporating the joint future developments of age-specific...

This paper proposes a model for self-assessed health at an aggregate level that allows to generate age- and gender-specific stochastic forecasts of future health. We decompose health status into a time effect and an age effect. We then further decompose the time effect into observed...

Carrying out power demand response work is essential for the balanced consumption of renewable energy. Using the system dynamics approach, this paper firstly selects the key factors that have an impact on the cost and benefit. Secondly, a multi-stakeholder benefit assessment model for the...

This paper studies the consequences of sales contests versus quota systems when territories have imbalanced sales potential. How do the optimal sales, efforts of salespeople, and profits vary with territory imbalance in a sales contest and how do these change if compensation is based upon...

From 2001 to 2005 the American housing market witnessed a housing bubble with rising housing prices and home ownership rates. Home equity that constitutes a large share of net worth for most families increases also during this housing bubble. This paper examines the degree to which the overall...

This work aims at optimizing life cycle performance of a hybrid combined cooling heating and power (CCHP) system incorporating with solar energy and natural gas. A basic natural gas CCHP system containing power generation unit, heat recovery system, hybrid cooling system and storage tank, is...

When sales territories are imbalanced, how do salespersons’ emotions-pride and disappointment in goal attainment-affect the choice between sales contests and sales quotas? First, profits in a quota system increase when pride in the weaker territory or disappointment in the stronger territory...