Providing insurance contract with “deductible” is beneficial for both insurer and insured. In this paper, we provide a utility modeling approach to handle insurance pricing and evaluate the tradeoff between discount benefit and deductible level. We analyze four different pricing problems of no insurance, full insurance coverage, insurance with β% deductible and insurance with D-dollar deductible based on a given utility function. A numerical example is also used to illustrate some interesting results.

The effect of first nonsingular stress term of elastic stress field on fracture toughness around bi-material notch tip is studies in this paper. First, a modified maximum tangential stress criterion (MMTS) is proposed for determination of the fracture toughness at the tip of the interface notches. The proposed criterion takes into account the effect of first nonsingular stress term as well as the singular stress terms. Then, the effect of I-stress on determination of the fracture toughness is studied analytically. Finally, the proposed criterion is applied on a finite element (FE) simulated laboratory specimen. A very good correlation was observed between the FE results and theoretical predictions.

In order to prepare students for the workforce, academic programs incorporate a variety of tools that students are likely to use in their future careers. One of these tools employed by business and technology programs is the integration of live software applications such as SAP through the SAP University Alliance (SAP UA) program. Since the SAP UA program has been around for only about 10 years and the available literature on the topic is limited, research is needed to determine the strengths and weaknesses of the SAP UA program. A collaborative study of SAP UA faculty perceptions of their SAP UAs was conducted in the fall of 2011. Of the faculty invited to participate in the study, 31% completed the online survey. The results indicate that most faculty experienced difficulty implementing SAP into their programs and report that a need exists for more standardized curriculum and training, while a large percentage indicated that they are receiving the support they need from their schools and SAP.

Silicon/glass bi-materials are used in micro-assembly and packaging of micro-electromechanical systems (MEMS) and micro-electronics devices. In this paper, maximum tangential stress (MTS) concept is used for determination of the fracture initiation angles of silicon/ glass bi-material notches. First, the MTS criterion is analytically formulated for a bi-material notch problem. Then, the criterion used for prediction of fracture initiation angles of some experimental data given in literature for silicon/ glass bi-material notches. In addition, the modified MTS (MMTS) criterion, which considers the effect of I-stress, was compared with the MTS criterion and the experimental data. It was shown that MMTS criterion provides more accurate results than the MTS criterion for estimation of the fracture initiation angle.

Many real-world processes generate autocorrelated and/or Weibull data. In such cases, the independence and/or normality assumptions underlying the Shewhart and EWMA control charts are invalid. Although data transformations exist, such tools would not normally be understood or employed by naive practitioners. Thus, the question arises, “What are the effects on robustness whenever these charts are used in such applications?” Consequently, this paper examines and compares the performance of these two control charts when the problem (the model) is subjected to autocorrelated and/or Weibull data. A variety of conditions are investigated related to the magnitudes of various parameters related to the process shift, the autocorrelation coefficient and the Weibull shape parameter. Results indicate that the EWMA chart outperforms the Shewhart in 62% of the cases, particularly those cases with low to moderate autocorrelation effects. The Shewhart chart outperforms the EWMA chart in 35% of the cases, particularly those cases with high autocorrelation and zero or high process shift effects.

A new fracture test specimen is suggested and analyzed using finite element method. The mode I and mode II stress intensity factors as well as the T-stress were calculated for three geometries and loading conditions. It is shown that the specimen, called single edge cracked ring (SECR), covers different mixed mode loading conditions from pure mode I to pure mode II. The SECR specimen also covers negative and positive values of T-stresses. From the practical view point, the suggested specimen can be used easily for mixed mode II fracture tests.

Kouroush Jenab, Donald Staub, Mark Rajai PDF (233 K)
Abstract: Students at risk of dropping out of Science, Technology, Engineering, and Mathematics (STEM) programs often display signs that indicate they are at risk. A need exists to identify at risk STEM students early and to develop and implement effective intervention strategies that utilize the Total Quality Management (TQM) approach. Most of all, a database system is needed to track this early intervention process, if retention rates are to be improved. To address this need at a small community college in North Carolina, a system was developed and underwent a pilot study in Fall 2009 and Spring 2010. The two pilot groups were compared to the two control groups to identify differences in retention, course credit completion rates, and grade point averages (GPA). The first pilot group displayed no significant differences, while the second pilot group displayed significant differences in most of the areas analyzed in the study, indicating a database system can be used to improve STEM student retention. While the second of the two pilot groups displayed promising results, managerial and logistical issues, such as less than optimal instructor involvement, impeded success were identified. This paper will describe the design, implementation, and the preliminary results of this study and outlines the need for further research that confirms these preliminary findings.

Accountability is instrumental for ensuring that a trusting relationship exists between shareholders and management of corporations in order that there will be enhanced investor confidence. Towards this end, corporate governance measures are instituted to make the executives or management of business organizations accountable for their stewardships of the organizational resources or shareholders’ investments. It is against that backdrop that the Securities and Exchange Commission in Ghana has also developed a code on best practices on corporate governance. However, the extent to which the provisions in the code are consistent with the theoretical and empirical literature is unknown. This paper, therefore, sought to explore whether or not gaps exist between the corporate governance policy and practices in Ghana and extant literature. This paper achieves this by examining characteristics of the board as they exist in Ghana in relations to the literature. The characteristics examined in this paper include responsibilities, optimal size, independence, board composition, and audit and compensation committees of boards. Recommendations are made based on the literature to address gaps that exist.

In econometrics, the derivation of a theoretical model leads sometimes to two econometric models, which can be considered justified based on their respective approximation approaches. Hence, the decision of choosing one between the two hinges on applied econometric tools. In this paper, the authors develop a theoretical econometrics consumer maximization model to measure the flow of durables’ expenditures where depreciation is added to former classical econometrics model. The proposed model was formulated in both linear and logarithmic forms. Box-Cox tests were used to choose the most appropriate one among them. The proposed model was then applied to the historical data from the U.S. and China for a comparative study and the results discussed.

In this paper, the stress intensity factors (SIFs) for an interfacial notch in a bi-material joint have been calculated using the experimental method of photoelasticity. A bi-material Brazilian disc specimen with a central interface notch was employed to determine the SIFs for different mode mixities. In this approach, SIFs were calculated experimentally for an Al/Polycarbonate bi-material Brazilian disc specimen and two different loading angles (i.e. modes I and II dominated loading conditions). The results of experimental approach were then compared with the numerical values of finite element method. Experimental results were in good consistency with the numerical values.