Integrated Navigation System: Not a Sum of Its Parts

Similar to the evolutionary process for living organisms, marine navigation systems are becoming increasingly complex and sophisticated. Both by design and function, shipboard and shore-based navigation systems are no longer individual equipment components operating independently. Instead, the trend is toward integration, data fusion and synergy. One example of this are new Performance Standards being considered by IMO to achieve a “harmonized” presentation of all navigation-related information on the display of an integrated navigation system (INS). Unlike a dedicated display for ECDIS or radar, the new INS displays will be a task-oriented composite presentations that enable the mariner to configure the display for an operational situation by selecting specific chart, radar, radar plotting aids (ARPA) and AIS information that is required for the task-at-hand. This paper gives a brief overview of the trend toward the development of INS. In addition to a brief summary of IMO performance standards for navigation equipment/systems, specific mention is made about a BSH (Germany) report on the “Functional Scope and Model of INS.” A discussion is provided about the challenges of providing navigation safety information that goes beyond traditional boundaries of products and services. Currently, many agencies continue to produce individual products and services on a component basis. Hydrographic offices grapple with trying to provide multiple products and services for paper charts, raster navigational charts (RNCs) and electronic navigational charts (ENCs) while a same time, Coast Guard and Maritime Safety agencies focus on improving Aids-to-Navigation (AtoN), Vessel Traffic Services (VTS), AIS networks -- and more recently, port security. In some respects, the continued concentration on separate products and services represents an organizational reluctance to change. This in turn, results in a fragmented, sub-optimal approach to the safety-of-navigation caused by the inability to provide mariners with “seamless” information at reasonable cost. In particular, hydrographic offices must be willing to recognize that chart information can no longer be considered to be separate, individual products. When it comes to the provision and use of chart-related information for use in an INS, the focus needs to shift to what information is actually desired, how it will be provided, what other information it will be used with, and whether it is truly up-todate

Pinocchio's Pupil: Using Eyetracking and Pupil Dilation to Understand Truth Telling and Deception in Sender-Receiver Games

We report experiments on sender-receiver games with an incentive for senders to exaggerate. Subjects "overcommunicate" -- messages are more informative of the true state than they should be, in equilibrium. Eyetracking shows that senders look at payoffs in a way that is consistent with a level-k model. A combination of sender messages and lookup patterns predicts the true state about twice as often as predicted by equilibrium. Using these measures to infer the state would enable receiver subjects to hypothetically earn 16-21 percent more than they actually do, an economic value of 60 percent of the maximum increment

Mktg

A new approach to learning the principles of marketing, MKTG is the Asia–Pacific edition of a proven, innovative solution to enhance the students' learning experience. Concise, yet complete, coverage supported by a suite of online learning aids equips students with the tools required to successfully undertake an introductory marketing course. Paving a new way to both teaching and learning, MKTG is designed to truly connect with today's busy tech-savy student. Students have access to online interactive quizzing, videos, podcasts, flashcards, marketing plans, games and more. An accessible, easy-to-read text along with tear out review cards complete a package which helps students to learn important concepts faster

A Micro-level Analysis of Recent Increases in Labor Force Participation among Older Workers

Aggregate data reveal a sizable increase in labor force participation rates since 2000 among workers on the cusp of retirement, reverting back to levels for older men not seen since the 1970s. These aggregate numbers are useful in that they document overall trends, but they lack the ability to identify the reasons behind workers’ decisions. The Health and Retirement Study (HRS) spans the last dozen years from 1992 to 2004, includes two cohorts of retirees, and provides micro-level data regarding these recent trends. Moreover, the HRS contains information on older Americans and the types of jobs they are taking (full-time versus part-time, self-employed versus wage-and-salary, low-paying versus high-paying, blue collar versus white collar, etc.). This study capitalizes on the richness of the HRS data and explores labor force determinants and outcomes of older Americans, with an emphasis on retirees' choices in recent years. We present a cross-sectional and longitudinal description of the financial, health, and employment situation of older Americans. We then explore retirement determinants using a multinomial approach to model gradual retirement and a two-step approach to model the work-leisure and hours intensity decisions of older workers. Evidence suggests that the majority of older Americans retire gradually, in stages, and that younger retirees continue to respond to financial incentives just as their predecessors did. In addition, recent macro-level changes appear to have blurred the distinction between younger and middle-aged retirees.Economics of Aging, Partial Retirement, Gradual Retirement

An Update on Bridge Jobs: The HRS War Babies

Are today’s youngest retirees following in the footsteps of their older peers with respect to gradual retirement? Recent evidence from the Health and Retirement Study (HRS) suggests that most older Americans with full-time career jobs later in life transitioned to another job prior to complete labor force withdrawal. This paper explores the retirement patterns of a younger cohort of individuals from the HRS known as the “War Babies.” These survey respondents were born between 1942 and 1947 and were 57 to 62 years of age at the time of their fourth bi-annual HRS interview in 2004. We compare the War Babies to an older cohort of HRS respondents and find that, for the most part, the War Babies have followed the gradual-retirement trends of their slightly older predecessors. Traditional one-time, permanent retirements appear to be fading, a sign that the impact of changes in the retirement income landscape since the 1980s continues to unfold.Economics of Aging, Partial Retirement, Gradual Retirement

The Role of Re-entry in the Retirement Process

To what extent do older Americans re-enter the labor force after an initial exit and what drives these “unretirement” decisions? Retirement for most older Americans with full-time career jobs is not a one-time, permanent event. Labor force exit is more likely to be a process. Prior studies have found that between one half and two thirds of career workers take at least one other job before exiting from the labor force completely. The transitional nature of retirement may be even more pronounced when considering the impact of re-entry. This paper examines the extent to which older Americans with career jobs re-entered the labor force. The analysis is based on data from the Health and Retirement Study (HRS), an ongoing, longitudinal survey of older Americans that began in 1992. We examined the retirement patterns of a subset of 5,617 HRS respondents who were on a full-time career job at the time of the first interview. Logistic regression was used to explore determinants of re-entry among those who initially exited the labor force. We found that approximately 15 percent of older Americans with career jobs returned to the labor force after initially exiting. Respondents were more likely to re-enter if they were younger, were in better health, or had a defined-contribution pension plan. This research provides empirical evidence of how older Americans are utilizing bridge jobs as they transition from career employment, and that re-entry may be an important part of the work experience of older Americans.Economics of Aging, Partial Retirement, Bridge Jobs, Gradual Retirement

Self-Employment Transitions among Older American Workers with Career Jobs

What role does self-employment play in the retirement process? Older Americans are staying in the labor force longer than prior trends would have predicted and many change jobs later in life. These job transitions are often within the same occupation or across occupations within wage-and-salary employment. The transition can also be out of wage-and-salary work and into self employment. Indeed, national statistics show that self employment becomes more prevalent with age, partly because self employment provides older workers with opportunities not found in traditional wage-and-salary jobs, such as flexibility in hours worked and independence. This paper analyzes transitions into and out of self employment among older workers who have had career jobs. We utilize the Health and Retirement Study, a nationally-representative dataset of older Americans, to investigate the prevalence of self employment among older workers who made a job transition later in life and to explore the factors that determine the choice of wage-and-salary employment or self employment. We find that post-career transitions into and out of self employment are common and that health status, career occupation, and financial variables are important determinants of these transitions. As older Americans and the country as a whole face financial strains in retirement income in the years ahead, self employment may be a vital part of the pro-work solution.Retirement, Retirement Transitions, Self Employment