Do people drive safer when accidents are more expensive: Testing for moral hazard in experience rating schemes

Using individual policies and claims data from the Croatian mandatory motor insurance we test the theoretical proposition that under moral hazard, experience rated pricing scheme should generate the negative state dependence in claims, i.e. that drivers should drive more safely after they had an accident. The empirical challenge in these tests is to disentangle the state dependence from unobserved heterogeneity. We propose a simple approach based on the explicit reliance on the cost of future accidents function which is used to filter out the pure incentives effect, whereas the bonus-malus scale is used to control for pure heterogeneity. Our results confirm the existence of negative dependence in claims indicating the presence of significant moral hazard effect. Increasing a 3-year cost of having an accident by approximately US$20 decreases the probability of having an accident by 6.5%.     

Quantity Discount Scheme in Supply Chain under Asymmetric Information

IntroductionA quantity discount, which helps to save opera-tional cost, is offered from a supplier to retailers fororder size expansion. In traditional researches ofquantity discount, great attention has been devoted toits application, which means that th…     

非对称布索斜塔斜拉桥的静力平衡特征分析

以一非对称布索斜拉桥作为工程背景,分析恒载作用下结构的整体平衡和局部平衡的条件,论述了影响整体平衡与局部平衡的因素以及静力平衡下的结构特性,并通过改变影响桥梁受力和变形的一些参数来探讨最合理参数的选择条件。     

Water entry of a bow-flare ship section with roll angle

The two-dimensional water entry of a bow-flare ship section with constant roll angle, or heel angle, was studied by using a boundary element method. The fully nonlinear free surface conditions and exact body boundary conditions were satisfied. Nonviscous flow separation from the knuckles of the section or from the curved bottom could be simulated. The numerical calculations were compared with existing experimental results. First, the effects of roll angle were investigated and then the characteristics associated with large roll angles were examined in particular. The evolution of the free surfaces and the pressure distributions on the section surface are illustrated and the influence of nonviscous flow separation from the leeward section surface is discussed.     

An approach to estimating the hull girder response of a ship due to springing

This article describes an estimation method for the hull girder response of a ship due to springing. The linear and nonlinear springing effects on the hull girder are evaluated. Previous studies on the springing response focused mainly on the symmetric response, or vertical response. In this article, however, the springing analysis is extended to asymmetric responses, or horizontal and torsional responses. The Timoshenko beam model was used to calculate the hull girder response and the quadratic strip method was employed to calculate hydrodynamic forces and moments on the hull. To remove irregular frequencies, a rigid lid was adopted on the hull free surface level and hydrodynamic coefficients were interpolated for asymptotic values. Applications to two ships for the symmetric and asymmetric responses were carried out and the effect of springing responses is also discussed.     

Asymmetric response model for evaluating airline service quality: An empirical study in cross-strait direct flights

In this paper we propose a framework to investigate service quality asymmetrically. An asymmetric response model within structural equation framework is developed to study the relationship between service quality and the passenger’s behavioral intention in the cross-strait direct flight (Taiwan–Shanghai). The results reveal that service quality in the loss region has more impact on behavioral intention than service quality in the gain region. Hence, attention should be paid to the service quality of important attributes in the loss region and strategies should ensure service quality of those important attributes that meet passenger’s expectations.     

An optimal data-splitting algorithm for aircraft scheduling on a single runway to maximize throughput

In this research, we present a data-splitting algorithm to optimally solve the aircraft sequencing problem (ASP) on a single runway under both segregated and mixed-mode of operation. This problem is formulated as a 0–1 mixed-integer program (MIP), taking into account several realistic constraints, including safety separation standards, wide time-windows, and constrained position shifting, with the objective of maximizing the total throughput. Varied scenarios of large scale realistic instances of this problem, which is NP-hard in general, are computationally difficult to solve with the direct use of commercial solver as well as existing state-of-the-art dynamic programming method. The design of the algorithm is based on a recently introduced data-splitting algorithm which uses the divide-and-conquer paradigm, wherein the given set of flights is divided into several disjoint subsets, each of which is optimized using 0–1 MIP while ensuring the optimality of the entire set. Computational results show that the difficult instances can be solved in real-time and the solution is efficient in comparison to the commercial solver and dynamic programming, using both sequential, as well as parallel, implementation of this pleasingly parallel algorithm.     

大跨度斜拉桥钢箱梁非对称安装技术

介绍了辽宁滨海公路辽河特大桥斜拉桥钢箱梁非对称悬臂安装技术,通过对本桥方案箱梁非对称悬臂安装方案—边跨钢梁高支架上直接滑移就位连接、主跨钢梁逐段悬臂安装的方案可行性研究与实施,为同类型桥梁施工提供了很好的借鉴作用。     

Incentive Contracts for Venture Capital Syndication

IntroductionThe uncertainty in venture capital market and in-formation asymmetry during venture capital investingprocess make syndication in the second and later sta-ges a hot issue.The syndication is important for re-ducing the risk effectively,increasin…     

Walking-distance introduced queueing model for pedestrian queueing system: Theoretical analysis and experimental verification

We have introduced the effect of delay in walking from the head of a queue to the service windows in the queueing model and obtain a suitable type of queueing system under various conditions by both computational simulation and theoretical analysis. When there are multiple service windows, the queueing theory indicates that mean waiting time in a fork-type queueing system (Fork), which collects pedestrians into a single queue, is smaller than that in a parallel-type queueing system (Parallel), i.e., queues for each service window. However, in our walking-distance introduced queueing model, we have examined that mean waiting time in Parallel becomes smaller when both the arrival probability of pedestrians and the effect of walking distance are large. Moreover, enhanced Forks, which shorten waiting time by reducing the effect of walking distance, are considered, and parts of our results are also verified by real queueing experiments.