کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
476082 | 699414 | 2008 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Funding and investment decisions in a stochastic defined benefit pension plan with several levels of labor-income earnings
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی کامپیوتر
علوم کامپیوتر (عمومی)
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Funding and investment decisions in a stochastic defined benefit pension plan with several levels of labor-income earnings Funding and investment decisions in a stochastic defined benefit pension plan with several levels of labor-income earnings](/preview/png/476082.png)
چکیده انگلیسی
In this paper we consider the optimal management of an aggregated dynamic pension fund. There are nn classes of workers whose salaries are stochastic. A portion of the salary is contributed to the funding process and the manager invests in a portfolio with mm risky assets and a risk-free security. The main objective is to minimize the cost of contributions in a bounded horizon TT and to maximize the utility of final surplus, measured as the relative fund level respect to the mean salary. The aim of the paper is to describe the properties of fund allocation and optimal contribution when salaries differ across contributors to the fund.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Computers & Operations Research - Volume 35, Issue 1, January 2008, Pages 47–63
Journal: Computers & Operations Research - Volume 35, Issue 1, January 2008, Pages 47–63
نویسندگان
Ricardo Josa-Fombellida, Juan Pablo Rincón-Zapatero,