Description: Accurate determination of the appropriate time to retire and replace a physical asset is important for large ensembles of such assets when taken as a whole, and concerns the fate of tens of trillions of dollars in assets, such as airplane engines, vehicles, or any other kind of physical asset susceptible to obsolescence. A decision model to accomplish this is derived using the concept of actuarial present value applied to an economic theory of cost minimization. Since this is a theory coupling investor wealth creation with the long-term optimization of the use of scarce resources, it can also be offered as an economic model relevant to sustainability.

Description: Diabetes mellitus type 2 is an excellent model for assessing the setup of medical coverage in the U.S. health care system. It is a chronic disease that has genetic, behavioral and other medical causes, and causes many complications over the long term. From Financing Chronic Care Monograph, M-HB05-1.

Description: Essay discussing that the two factors that affect healthcare cost are costs and the fact that people lack coverage.

Description: The essay discusses the appropriate role of insurance companies, efficient and economical ways to care for chronic illnesses and having a maximum price society will pay to support the ongoing life of any one individual.

Description: This article compares the best estimates of the Investment Section members those who submitted entries for the 3-month Treasury bill rate, 30-year Treasury bond rate and the Dow Jones Industrial Average index value and year-end 1999 with the actuals.

Description: On May 16th, the Social Security Boards of Trustees sent to the Congress the three annual reports OASDI, HI, and SMI. These reports present cost projections similar to those provided to the Congress last year at the time of enactment of the 1977 Amendments.

Description: an excerpt from a speech discussing how experts can become so immersed in their work that they cannot see how their profession relates to and affects society. This is excerpted, with permission, from Mr. Anderson’s speech, “Strategic Planning for Corporate Growth,” to the Chemical Marketing Research Assn.

Description: This article explores the market volatility of 2008, and addresses the following question: “was the market behaving inefficiently as appeared to be the case in 2008, or was there something truly rational going on, which for most people was hard to see?”

Description: This article describes behavioral finance and its relevance in identifying analytics and processes suitable for a control environment for the actuarial aspects of an insurance company.

Description: Article from The Actuary, March 1972 – volume 6 - Issue 3 provides the author's comments on Health Maintenance Organizations and describes an opportunity for actuaries to apply as service providers to this developing industry.