Risk and savings: A taxonomy

Risk and Savings: a Taxonomy

Longevity Risk, Retirement Savings, and Financial Innovation

Over the last couple of decades there have been unprecedented, and to some extent unexpected, increases in life expectancy which have raised important questions for retirement savings. We study optimal consumption and saving choices in a life-cycle model, in which we allow for changes in the distribution of survival probabilities, according to the Lee-Carter (1992) model. We allow individuals t...

Risk transfer via energy-savings insurance

Among the key barriers to investment in energy efficiency are uncertainties about attaining projected energy savings and potential disputes over stipulated savings. The fields of energy management and risk management are thus intertwined. While many technical methods have emerged to manage performance risks (e.g. building diagnostics and commissioning), financial methods are less developed in t...

A Review of Fish Taxonomy Conventions and Species Identification Techniques

Taxonomists, ecologists, geneticists or researchers from other biological fields who wish to adopt fish as a constituent of their studies often become discouraged when they find that ichthyology is a complex subject. In fish-based studies, the failure to recognize fishes as distinct biological units can lead to wrong diagnosis. Hence, this review paper attempts to clarify and discuss the latest...

Transformation from manufacturing process taxonomy to repair process taxonomy: a phenetic approach

The need of taxonomy is vital for knowledge sharing. This need has been portrayed by through-life engineering services/systems. This paper addresses this issue by repair process taxonomy development. Framework for repair process taxonomy was developed followed by its implementation. The importance of repair process taxonomy has been highlighted.