Homogeneous Discrete Time Alternating Compound Renewal Process: A Disability Insurance Application
Guglielmo D’Amico,
Fulvio Gismondi,
Jacques Janssen and
Raimondo Manca
Mathematical Problems in Engineering, 2015, vol. 2015, 1-13
Abstract:
Discrete time alternating renewal process is a very simple tool that permits solving many real life problems. This paper, after the presentation of this tool, introduces the compound environment in the alternating process giving a systematization to this important tool. The claim costs for a temporary disability insurance contract are presented. The algorithm and an example of application are also provided.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:874101
DOI: 10.1155/2015/874101
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