منابع مشابه
Portfolio Choice and Life Insurance
Portfolio Choice and Life Insurance We study a class of portfolio choice problems that combine life insurance and labor income, within the optimal control framework pioneered by Merton (1969, 1971). Our model differs from previous research by (i) focusing attention on the correlation between human capital and financial capital, and (ii) modeling the utility of the family as opposed to separatin...
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Who Should Buy Portfolio Insurance? Author(s): Hayne E. Leland Source: The Journal of Finance, Vol. 35, No. 2, Papers and Proceedings Thirty-Eighth Annual Meeting American Finance Association, Atlanta, Georgia, December 28-30, 1979 (May, 1980), pp. 581-594 Published by: Blackwell Publishing for the American Finance Association Stable URL: http://www.jstor.org/stable/2327419 Accessed: 29/04/2009...
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In this study, we show how a dynamic insurance program can be implemented within a mean-variance framework. The approach combines elements of the single period safety first idea suggested by Telser and developed by Leibowitz with multiperiod insurance strategies like CPPI and TIPP. The insurance program allows the user to set a probability of hitting a specified floor or target and also allows ...
متن کاملFrees – Insurance Portfolio Risk Retention
In this paper, I introduce a tool for managing a portfolio of insurance risks. This tool is based on changes in the risk profile when changes in a risk parameter, such as a deductible, coinsurance, or upper policy limit, are made. I refer to the new statistic as a risk measure relative marginal, or RM, for short, change. The theory underpinning the development of this tool draws from the manage...
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Many organizations use business process and business decision management to handle their processes and decisions. Therefore, industry and academics have an increasing interest in exploring and developing solutions for BPM. This leads to different approaches such as open standards and proprietary process engines which in turn lead to discrepancies in terms of supported constructs, best practices...
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ژورنال
عنوان ژورنال: International Journal for Research in Applied Science and Engineering Technology
سال: 2018
ISSN: 2321-9653
DOI: 10.22214/ijraset.2018.4755