In this paper, we study the relationship between prevention and savings and analyze their socially optimal levels. In a first part, we analyze optimal decisions of primary prevention and savings when individuals face a health risk involving expenses that can not be covered by any insurance (private or public). We take into account the possibility for the individuals to underestimate or overesti...

A laboratory study was conducted to examine gait changes between younger and older subjects as they walked across different floor surfaces. Twenty subjects participated in the experiment (five each of older and younger males and females). For half of the trials, subjects carried light loads that blocked their view of the floor surface immediately in front of them. Subjects walked on slippery (s...

Report of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-2 Consolidated Balance Sheets as of March 31, 2003 and 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-3 Consolidated Statements of Operations for the Fiscal Years ended March 31, 2002, 2003 and 2004 . . . . . . F-4 Consolidated S...

Report of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-2 Consolidated Balance Sheets as of March 31, 2005 and 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-3 Consolidated Statements of Income for the Fiscal Years ended March 31, 2004, 2005 and 2006 . . . . . . . . . F-4 Consolidated...

Editorial ? The Last Post Sad news and hard luck stories abound in times of financial stringency and I am sorry to add the plight of the West of England Medical Journal to the list of woes. With the last issue of the journal we asked whether or not recipients would be willing to pay ?20 per annum to receive four quarterly issues of the journal. Unfortunately despite circularising 4,000 doctors ...

The journal Annals of Operations Research invites submissions of papers to a special issue on Advances of OR in Commodities and Financial Modelling, at the occasion of the 55th Meeting of the EWGCFM (EWGCFM 2015) which is organized by Institute of Applied Mathematics (IAM; http://iam.metu.edu.tr/) of Middle East Technical University, EURO Working Group “Commodities and Financial Modelling” (EWG...

The financial statement audit is the process of collecting, evaluating, and aggregating relevant items of evidence pertaining to various management assertions related to the financial statement accounts to determine whether the company’s financial statements present fairly its financial position. The Dempster-Shafer theory [1] of belief functions has been argued to be an appropriate framework f...

The paper gives an overview of mathematical models and methods used in financial risk management; the main area of application is credit risk. A brief introduction explains the mathematical issues arising in the risk management of a portfolio of loans. The paper continues with a formal overview of credit risk management models and discusses axiomatic approaches to risk measurement. We close wit...

1. UNCERTAINTY: ONE MUST FIGHT, BUT ONE CAN’T WIN 9 1.1. To recognize a situation 9 1.2 Predicting tomorrow 11 1.3 An expert and his cognitive activity 12 1.4 Statistics and quasi-statistics 13 2. FUZZY SETS COME TO THE AID 14 2.1 The Carrier 14 2.2 Fuzzy set 15 2.3 The Function of Belonging 15 2.4 The Linguistic Variable 15 2.5 Operations on fuzzy sub-sets 16 2.6 Fuzzy numbers and operations o...