To measure economic profits generated by an insurance policy during its life time, we compare the terminal assets of the policy account with certain breakeven value. Policies with mutil-year loss payments and income tax payments are studied. The breakeven value of terminal assets is given in closed form, and shown to be an increasing function of the claims risk and the asset investment risk. Pr...

The purpose of this paper is to introduce and describe an approach to performance measurement of logistics processes. The paper has four main parts. First, an introduction to performance measurement is provided. Then, a performance improvement framework is presented. Third, a new improvement oriented model is outlined. In order to illustrate the approach, text-based and number-based measures fo...

measuring individual talent is a prerequisite of talent management. in order to do so, there are methods which have been established such as intelligence tests, general and individual tests, ratings scale and the literature of educational performance. applying these methods are effective, if measurement error is low and validity is high. all current available methods are faced with issues relat...

Given the objective of maximizing the wealth of existing shareholders, this paper discusses some of the issues that arise in attempting to measure the performance of individual businesses within a bank. The paper describes two return measures – return on assets within a business and the return on the ‘equity’ of an individual business – and discusses the appropriate bench-marks. The paper ends ...

We review the principal agent multi-tasking literature and discuss the relevance of this literature to the implementation of performance measurement in public organizations. Arguably, the most important lesson from the literature is that performance measurement may elicit dysfunctional and unintended responses, also known as gaming responses. We propose an evolutionary model of how organization...

The performance measurement revolution started in the late 1970s and early 1980s with the dissatisfaction of traditional backward looking accounting systems. Since then, there has been constant development in this field. If we look back and see “What is Performance Measurement?” According to Neely et al (1995), Performance Measurement is the process of quantifying effectiveness and efficiency o...

The possibility of achieving a deadbeat regulation and tracking in linear systems independently of their initial conditions is investigated. The attention is focused on single-input single-output control systems incorporating a dynamical sensor in the loop. A necessary and sufficient condition for a deadbeat controller to exist is established. All deadbeat controllers are described in paramet­ ...

September1998 x The authors are grateful to Tim Baldenius, Christian Laux and Xiao-Jun Zhang for helpful comments and suggestions.

The need for performance measurement systems is imminent in the construction "rms. Construction "rms have many simultaneously ongoing construction projects, from which the relevant performance information is needed. There are also tens of material groups and subcontractors, whose performance should be monitored together with construction "rms' practices. In addition to monitoring, performance m...