Modelling and computer simulation of an insurance policy: A search for maximum profit
Statistical Mechanics
2015-06-24 v1 Computational Finance
Statistical Finance
Abstract
We have developed a model for a life insurance policy. In this model the net gain is calculated by computer simulation for a particular type of lifetime distribution function. We observed that the net gain becomes maximum for a particular value of upper age of last premium. This paper is dedicated to Professor Dietrich Stauffer on the occassion of his 60-th birthday.
Keywords
Cite
@article{arxiv.cond-mat/0307226,
title = {Modelling and computer simulation of an insurance policy: A search for maximum profit},
author = {M. Acharyya and A. B. Acharyya},
journal= {arXiv preprint arXiv:cond-mat/0307226},
year = {2015}
}
Comments
This paper is dedicated to Prof. D. Stauffer on the occassion of his 60th birthday. Int. J. Mod. Phys. C (2003) (in press)