For energy saving retrofit projects, its economics are usually evaluated in terms of capital investment and payback time. The capital investment is in direct relation to the total heat recovery area of the network and the payback time factor is base on both the area and the energy savings. The debottlenecking is an increased throughput, which can be profitable in economic sense. The combination...

Several years ago, when panelist Mike Gion, senior vice president for Brookwood Group's Southwestern Operations, tried outsourcing, his bank employer was embarking on a cost savings initiative. With outsourcing a new concept and not really understood, he did a two-year study to find one service provider for all the skills needed. At the end of the study, his employer decided not to outsource. D...

 The percentage of workers confident about having enough money for a comfortable retirement is essentially unchanged from the record lows observed in 2011. While more than half express some level of confidence (13 percent are very confident and 38 percent are somewhat confident), 28 percent are not at all confident (up from 23 percent in 2012 but statistically equivalent to 27 percent in 2011)...

Proof. The proof will show that any strategy that results in both spouses going to the bank cannot be optimal. Note that if the second mover saves in account a, she will always save so that u′ (c1) = RaδBu (c2) (and must therefore only be saving at interest rate Ra). Now consider the options of the first mover. First suppose the second mover only deposits savings in the joint account. Then the ...

We ask how the potential benefits from cross-border asset trade are affected by the presence of non-traded income risk in incomplete markets. We show that the mean consumption growth may be lower with full integration than in financial autarky. This can occur because: the hedging demand for risky high-return projects may fall as the investment opportunity set increases, and precautionary saving...