Nippon Steel Sumitomo Metal Corporation

Qwema Group, Inc.

Huaxiong Huang

Junichi Nakagawa

Tadayuki Ito

Masahiro Yamamoto

Kozo Saito

Tetsuo Nishiyama

Masahiro Doki

Belal Gharaibeh

Keng Hoo Chuah

Ahmad Salaimeh

Moshe A Milevsky

Tomoya Takeuchi

Kazufumi Ito

Sean C Bohun

A method, system, and medium for recommending an optimal withdrawal amount, for a given period, from a retiree's portfolio accounts comprised of relatively risky and relatively safe financial assets used to finance retirement. The user supplies information about the retiree's personal characteristics, including age, gender, and health status. Details of the retiree's financial situation are also supplied, including the retiree's total liquid wealth, the current value of relatively risky and relatively safe assets, and any after-tax pension and other annuity income. Risk (standard deviation of return), return (expected rate of return based on a lognormal or other random distribution), or other measurable differentiating characteristics are retrieved for a portfolio comprised of relatively risky assets. A valuation rate is also retrieved. Based on these inputs, an actuarial discount rate is computed, an optimal wealth depletion time is located, and the optimal withdrawal amount is computed and displayed to the user.

Optimal portfolio withdrawal during retirement in the presence of longevity risk

A defect on the surface or in the surface layer of a moving material can be detected by using a method comprising steps of: heating the surface of the material, obtaining thermal image data of the surface of the material using an infrared thermography camera while the surface of the material is being heated up at the heating step or being cooled down after heating, and detecting the defect by calculating Laplacian with respect to temperature of the surface represented by the thermal image data. When the thermal image data is obtained while the material is being heated up, a heating device and the camera is arranged so that thermal energy emitted from the heating device is reflected by the material to come into the camera.

Method for detecting defect in material and system for the method

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Markham, Canada

Huaxiong Huang