Imagine an infinitely-rigid 20x40 ft mat and it's uniformly loaded to 1,000 psf. For your case there's a 12-ft layer of sand that may realize "instantaneous" settlement. That's an elastic behavior (well, there may be some plastic component, but we'll ignore that).
Allow the soil modulus to be 11N (don't really know), so let's use 130 tsf (maybe a little low). Accounting for no load spread (I mean just how much attenuation will you have for a loaded area that large over 12 ft. So, 12 ft times delta sigma V (i.e., 1,000 psf) would be 12,000 lb/ft (6 t/ft - crazy units, eh?).
For a soil modulus of 130 tsf) that'd give you 0.046 ft (0.6 in). Now, in reality, you don't have a rigid mat and you'll get less settlement at the corners and edges, so you have to check for angular distortion.
Now consider a fork lift or a rack leg. This will provide for a point load with stress concentration through the slab and on the subgrade. How the subgrade responds to this stress concentration is governed by the modulus of subgrade reaction. This behavior occurs in the upper few feet of the subgrade - well the affect on the slab design at least.
Schmertman settlement analysis (just like the method that I use) relates to the elastic properties of the soil column.
The use of a consolidation test was referenced by an earlier poster. I'm neither going to agree or disagree. My point is if you believe the soils will consolidate, then this whole subject is moot. Use consolidation theory and move on - you still have to worry about the modulus of subgrade reaction in your mat design, however. If you are dealing with over consolidated soils above the water table or sandy soils, however; elastic theory is more proper. And, you still have worry about the modulus of subgrade reaction in your mat design.
Hope I'm not off track or otherwise off topic, this is how I see it. Just for the record, my professor (Jim Duncan) had no problem with my use of elastic theory to solve for soil compression.
f-d
¡papá gordo ain’t no madre flaca!