A systematic and practical approach for diversifying a portfolio of fixed-income securities blends forward-looking simulations of the term structure of interest rates with traditional concepts from equity management. ...
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A systematic and practical approach for diversifying a portfolio of fixed-income securities blends forward-looking simulations of the term structure of interest rates with traditional concepts from equity management. The objective is to form a well-diversified portfolio, one that is robust to anticipated changes in interest rates and other uncertainties. To achieve this objective, the dynamic effects must be jointly modeled so that security correlations (comovements) can be estimated. Once a covariance matrix is constructed, traditional methods of portfolio management can be employed. The concepts apply to a wide variety of fixed-income areas, including the high-yield sector and mortgage-backed securities.
Robust ship AAW defense capability is a priority requirement that enables Naval Forces to conduct joint expeditionary force operations in littoral environments. As an aid to achieving this capability for all ship clas...
Robust ship AAW defense capability is a priority requirement that enables Naval Forces to conduct joint expeditionary force operations in littoral environments. As an aid to achieving this capability for all ship classes, the Navy has reorganized its management of ship defense. A major focus of these efforts is the development of a fully automatic, integrated combat system for non-Aegis ships which is based on coordinated detection, control, and hard kill/electronic warfare (HK/EW) engagement functions. A phased approach to attaining this fully integrated capability has been established which includes major element upgrade introduction when technology and budget permit. This paper describes the ship self-defense performance assessment methodology which has been adopted to support the review and decision process for future planning and budgeting. This process is a continuation and refinement of that used to provide data for the Office of the Secretary of Defense Fall 1991 Conventional systems Committee Ship Self-Defense Review. The performance assessment methodology starts with definition of survivability requirements by ship class, combat system configurations, Anti-Ship Missile threat, and operational scenario. Viable self-defense system element options are then identified. The capability of these options are then characterized for input into ship level performance prediction models. Three partitions of performance prediction modeling are made: hard kill elements only, electronic warfare element only, and integrated HK/EW. The most significant accomplishment of this effort, beyond providing data to support programmatic decision, has been the creation of a truly integrated HK/EW surface ship combat system model that interleaves HK and EW timelines and allows parametric variation to evaluate options. Because of classification, only generic examples of numerical result will be presented. However, the procedures for establishing the modelling process, prioritization of
作者：
KNACHEL, REMAGROGAN, WFRobert E. Knachelreceived his B.S. degree in mechanical engineering from Ohio State University in 1959
a B.S. in business administration from the University of Texas in 1963 and his M.B.A. degree from the Harvard Graduate School of Business in 1971. He served as a Navy line and Supply Corps officer for over twenty years. Prior to his retirement he served as the first U.S. Navy Supply Corps program manager for the Saudi Naval Expansion Program. Following retirement in 1981 he managed a series of U.S. Navy and foreign military sales logistics support programs for CACI Inc. Since 1988 he has been employed as a logistics program manager by Systems Engineering Associates (SEACOR) a division of Day and Zimmermann Inc. He currently serves as Washington area operations manager for SEACOR. Mr. Knachel is a member of ASNE and SOLE. William F. Magroganreceived his B.S. degree in economics from the University of Pennsylvania in 1964
an M.B.A. degree from Stanford University in 1972 and his master's degree in American studies from the California State University at Fullerton in 1987. He served on active duty as a U.S. Navy Supply Corps officer from 1964 to 1977 and continues to serve in the Naval Reserves where he has achieved the rank of captain. He has been employed as a financial/logistics analyst and program manager for EG&G Inc. Rockwell International and Unisys Corporation. Mr. Magrogan is currently associated with ELS Inc. as a principal analyst.
Acquisition and logistics professionals recognize the challenges in synchronizing maintenance and supply support information over the life cycle of shipboard systems and equipment. Decisions and judgments made during ...
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Acquisition and logistics professionals recognize the challenges in synchronizing maintenance and supply support information over the life cycle of shipboard systems and equipment. Decisions and judgments made during full-scale development, then described in maintenance documents and allowance lists, may become outdated for any number of reasons once the ship deploys. Thus, the fleet faces the possibility of out-of-sync maintenance support information at virtually any time. Initiatives during the 1980s which reconcile shipboard maintenance and support data include Integrated Logistics Overhauls (ILOs) and Ships Configuration and Logistics Support Information System (SCLSIS). These initiatives aim to ensure all shipboard equipments have current maintenance documents and up-to-date allowance lists, but they are expensive, time consuming, and scheduled every 4 to 5 years. Shipboard officers care about today's problem, particularly the next deployment. ILO and SCLSIS products are not always timed to the next deployment, nor is it practical or cost-effective to do so. Adopting the perspective of shipboard maintenance and supply officers, the authors identify three fundamental maintenance support information needs which quality assure readiness to perform a ship's mission: Technically complete, accurate, and up-to-date maintenance documents for all mission critical equipments. One-to-one correlation between authorized maintenance parts required and authorized allowance/ordering data for mission critical equipments. Assurances that all allowed mission critical parts needed for shipboard maintenance are on board or will be delivered prior to deployment. The authors maintain that the most affordable solution to shipboard maintenance support information quality assurance is to select mission critical equipments with significant CasRep or shipboard “trouble” histories and resolve any maintenance support information discrepancies prior to deployment “real-time.” This approach s
This paper reviews the recent turbulent history of the U.S. Shipbuilding Industry, its present status, and its prospects for the decade ahead. The Authors suggest that current maritime policy and the trend of market f...
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