Tuesday, November 23, 2004

BusinessWire. A.M. Best's Rating Methodology: Life Settlement Securitization

AM Best released its methodology for life settlements, which utilizes Monte Carlo simulation.
Link to press release.
Link to full methodology.

Kiplinger.com. Eight Ways to Protect Your Nest Egg

From the article: "Double-check your estimates. Try a Monte Carlo simulation, which runs through thousands of investment scenarios and assesses the likelihood that you'll reach your retirement goals."

Link to article.

STRATEGIC STORAGE: Six ways to spend less for enterprise storage

The article talks about mass storage decisions companies need to make on an ongoing basis. From the article:
The trick is creating the optimal balance of low-end and high-end storage to perfectly match the value of corporate data, Zimmerman says. "There's some real linear programming that needs to go on to find the optimal mix of prime, secondary and tertiary storage," he says. "Nobody has an algorithm for the timed value of a piece of information. "

Link to story.

Thursday, November 18, 2004

MIT team guides airplane remotely using spoken English

http://www.innovations-report.com/html/reports/
communication_media/report-35813.html

...The algorithm is based on mixed-integer linear programming (MILP), an optimization framework originally developed for operations research...