Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6421042 | Applied Mathematics and Computation | 2014 | 11 Pages |
Abstract
This work is concerned with a bi-seasonal discrete time risk model for insurance. Specifically, the claims repeat with time periods of two units, i.e. claim distributions coincide at all even instants and at all odd instants. Our purpose is to derive recursive formulas to calculate the finite-time and ultimate ruin probabilities. Some numerical examples illustrate the theoretical results.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Julius Damarackas, Jonas Å iaulys,