This paper analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life insurance company selling with profit life insurance policies with a cliquet-style interest rate guarantee. Three representative companies are considered, each using a different type of surplus distribution: A mechanism, where the guaranteed interest rate also applies to surplus ...

Managing inventory in distribution systems involves taking decisions on the quantity of inventory to be placed at different stages so that a desired customer service level can be achieved at minimum cost. In this paper, we present the case of the distribution system of an Indian FMCG company, which despite having centralized control takes replenishment decisions based on local stock information...

Abstract Tracking of shipments is an important element of customer service in the transportation industry; and essential for logistics services as merge-in-transit. However, contemporary tracking systems are designed for use within a single company, and are thus invariably inadequate for multi-company environments. The single company focus has led to a reduced span of monitoring and a diluted a...

in any classical risk model one of the important random variable is time to ruin. as time to ruin warns the management for possible adverse situations that may arise, the distribution of time to ruin place a vital role in the day to day transactions of the any insurance company. moments of the distribution are also important as coefficient of skewness of the distribution is very important in ac...

Decision making about payment of profi t and its value are as important subjects in management fi eld of company. Because, in this process, quantity of money must be paid to investors and quantity of money must be collected for future investment must be determined. Financial support from internal sources counts as a lack of cash not distribution of profi ts to continue company activities. The p...

Parcel delivery service by collect-on-delivery (COD, a.k.a. cash-on-delivery) companies is a new distribution mode in China. The design of the distribution network of a COD company in urban areas is of great importance and a relatively new research direction. In this paper, we aim to model this distribution network as a two-echelon location routing problem (2E-LRP) and propose a novel efficient...