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The Mechanics of Bonus Distribution. The use of Punched-Card Equipment

Published online by Cambridge University Press:  11 August 2014

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Extract

The purpose of this paper is to consider some of the practical problems arising from the application of punched cards to one particular aspect of Life Office work, namely the work connected with bonus distribution in Ordinary Branch business.

No attempt has been made to describe the punched-card equipment itself, since this was fully dealt with in the paper submitted to the Institute in 1948 by N. E. Coe, K. J. Hedley andL. H. Longley-Cook; this paper also contained a comprehensive survey of the application of punched cards to Life Office work, including brief references to their use in connexion with bonus distribution.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1957

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