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The Serious Year 2000 Problem
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A serious computer problem, variously known as the “Year 2000,” “Y2K,” “Century Date Change,” or “Millennium Bug” problem, faces many companies. This report is intended to provide a summary discussion of some of the major legal issues that may .... Middle of Term Paper
... such as elevators, security systems, and air conditioning systems.
As an example of the type of incorrect calculation which can be produced due to this problem, when a computer sorts dates by year, “00” could be identified as an earlier date than “99”. A financial spreadsheet or projection therefore might show the financial trend for the 1999-2000 period running backwards rather than forwards. Insurance company computers might report a policy running through the year 2001 as having instead expired in 1901.
A bank computer calculating the interest for a financial instrument for the six year period of 1995 through the year 2000 might inst ... |
| Number of Words: 423 |
Approximate Pages: 2 |
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