Evaluation of Target Date Funds

Target date funds are an emerging class of investment products, designed for retirement savings. The project considered methodologies for ranking such funds

Evaluation of radiometric and geometric characteristics of LANDSAT-D imaging system

With vegetation masked and noise sources eliminated or minimized, different carbonate facies could be discriminated in a south Florida scene. Laboratory spectra of grab samples indicate that a 20% change in depth of the carbonate absorption band was detected despite the effects of atmospheric absorption. Both bright and dark hydrothermally altered volcanic rocks can be discriminated from their unaltered equivalents. A previously unrecognized altered area was identified on the basis of the TM images. The ability to map desert varnish in semi-arid terrains has economic significance as it defines areas that are less susceptible desert erosional process and suitable for construction development

Optimal initiation of a GLWB in a variable annuity: no arbitrage approach

This paper offers a financial economic perspective on the optimal time (and age) at which the owner of a Variable Annuity (VA) policy with a Guaranteed Living Withdrawal Benefit (GLWB) rider should initiate guaranteed lifetime income payments. We abstract from utility, bequest and consumption preference issues by treating the VA as liquid and tradable. This allows us to use an American option pricing framework to derive a so-called optimal initiation region. Our main practical finding is that given current design parameters in which volatility (asset allocation) is restricted to less than 20%, while guaranteed payout rates (GPR) as well as bonus (roll-up) rates are less than 5%, GLWBs that are in-the-money should be turned on by the late 50s and certainly the early 60s. The exception to the rule is when a non-constant GPR is about to increase (soon) to a higher age band, in which case the optimal policy is to wait until the new GPR is hit and then initiate immediately. Also, to offer a different perspective, we invert the model and solve for the bonus (roll-up) rate that is required to justify delaying initiation at any age. We find that the required bonus is quite high and more than what is currently promised by existing products. Our methodology and results should be of interest to researchers as well as to the individuals that collectively have over \$1 USD trillion in aggregate invested in these products. We conclude by suggesting that much of the non-initiation at older age is irrational (which obviously benefits the insurance industry.

Experimental Validation of Contact Dynamics for In-Hand Manipulation

This paper evaluates state-of-the-art contact models at predicting the motions and forces involved in simple in-hand robotic manipulations. In particular it focuses on three primitive actions --linear sliding, pivoting, and rolling-- that involve contacts between a gripper, a rigid object, and their environment. The evaluation is done through thousands of controlled experiments designed to capture the motion of object and gripper, and all contact forces and torques at 250Hz. We demonstrate that a contact modeling approach based on Coulomb's friction law and maximum energy principle is effective at reasoning about interaction to first order, but limited for making accurate predictions. We attribute the major limitations to 1) the non-uniqueness of force resolution inherent to grasps with multiple hard contacts of complex geometries, 2) unmodeled dynamics due to contact compliance, and 3) unmodeled geometries dueto manufacturing defects.Comment: International Symposium on Experimental Robotics, ISER 2016, Tokyo, Japa

Development of a high temperature battery final report

Development of battery with lithium-magnesium alloy anode, molten cuprous chloride cathode, and zeolite separator cells and cupric oxide cathode and porous glass separator cell

Evaluation of radiometric and geometric characteristics of LANDSAT-D imaging system

Problems, accomplishments, and significant results associated with the evaluation of the LANDSAT-D thematic mapper system are outlined. The higher resolution (over MSS) causes the TM data to approach more closely the quality of high altitude photographs. Thus far, it appears that the data can be used for map inspection and in certain instances for limited map revision. Image maps can be made at a scale of 1:100,000 and perhaps up to 1:62,500. It was also shown that TM data can help locate rocks containing minerals with high hydroxol content, such as clays, gypsum, alunite, and sericite

Relationship between national mental health expenditure and quality of care in longer-term psychiatric and social care facilities in Europe: cross-sectional study

Background: It is not known whether increased mental health expenditure is associated with better outcomes. Aims: To estimate the association between national mental health expenditure and (a) quality of longer-term mental healthcare, (b) service users' ratings of that care in eight European countries. Method National mental health expenditure (per cent of health budget spent on mental health) was calculated from international sources. Multilevel models were developed to assess associations with quality of care and service user experiences of care using ratings of 171 facility managers and 1429 service users. Results: Significant positive associations were found between mental health spend and (a) six of seven quality of care domains; and (b) service user autonomy and experiences of care. Conclusions: Greater national mental health expenditure was associated with higher quality of care and better service user experience

The relationship between deinstitutionalization and quality of care in longer-term psychiatric and social care facilities in Europe: A cross-sectional study.

BACKGROUND: The process of deinstitutionalization (community-based care) has been shown to be associated with better quality of life for those with longer-term mental health problems compared to long stay hospitals. This project aimed to investigate the relationship between national progress towards deinstitutionalization and (1) quality of longer-term mental health care (2) service users' ratings of that care in nine European countries. METHODS: Quality of care was assessed in 193 longer-term hospital- and community-based facilities in Bulgaria, Germany, Greece, Italy, the Netherlands, Poland, Portugal, Spain and the UK. Data on users' ratings of care were collected from 1579 users of these services. Country level variables were compiled from publicly available data. Multilevel models were fit to assess associations with quality of care and service user experiences of care. RESULTS: Significant positive associations were found between deinstitutionalization and (1) five of seven quality of care domains; and (2) service user autonomy. A 10% increase in expenditure was associated with projected clinically important improvements in quality of care. CONCLUSIONS: Greater deinstitutionalization of mental health mental health services is associated with higher quality of care and better service user autonomy

A trick for passing degenerate points in Ashtekar formulation

We examine one of the advantages of Ashtekar's formulation of general relativity: a tractability of degenerate points from the point of view of following the dynamics of classical spacetime. Assuming that all dynamical variables are finite, we conclude that an essential trick for such a continuous evolution is in complexifying variables. In order to restrict the complex region locally, we propose some `reality recovering' conditions on spacetime. Using a degenerate solution derived by pull-back technique, and integrating the dynamical equations numerically, we show that this idea works in an actual dynamical problem. We also discuss some features of these applications.Comment: 9 pages by RevTeX or 16 pages by LaTeX, 3 eps figures and epsf-style file are include

Gender Differences in Experiences and Expectations of Hemodialysis in a Frail and Seriously Unwell Patient Population.

Surprisingly few studies have explored the experiences of seriously unwell people with kidney disease on hemodialysis therapy: we conducted a mixed-methods study to investigate gender differences in illness experience, symptom burden, treatment considerations or expectations in this cohort. Seriously unwell people on hemodialysis (1-year mortality risk of >20%) at 3 hospital-based units were invited to take part in a structured interview or to complete the same questions independently via a questionnaire. A total of 54 people took part (36 males, 18 females); data analysis was undertaken using a thematic approach. "Desire to keep living" is the most important and basic thought process when starting dialysis. Fear also predominates influencing risk assessment and decision-making. Once fear is managed, there are physical, social, practical and emotional issues to rationalize, but choice only seems possible if shared decision-making is part of the consultation.Gender differences were seen in perceived hopes and expectations of treatment. Males were more likely to prioritize achievement of physical goals, with females prioritizing a wish to feel well. Both genders reported significantly higher symptom scores than their health care provider perceived, however this difference was more marked in females. Dialysis regret existed in >50% of participants and 6 out of 54 (11%) stated that they would have chosen no dialysis at all. Females were more likely to report feeling depressed (  = 0.001). Different genders approach treatment decisions and prioritize treatment expectations differently. Recognizing this will allow personalized care plans to be developed and improve the experiences of seriously unwell people with kidney disease. [Abstract copyright: © 2022 International Society of Nephrology. Published by Elsevier Inc.