MODELING AND COMPUTER SIMULATION OF AN INSURANCE POLICY: A SEARCH FOR MAXIMUM PROFIT

Muktish Acharyya () and Ajanta Bhowal Acharyya
Additional contact information
Muktish Acharyya: Department of Physics, Krishnanagar Government College, PO-Krishnanagar, Dist-Nadia, PIN-741101, WB, India
Ajanta Bhowal Acharyya: Department of Physics, Hooghly Mohsin College, PO-Chinsurah, Dist-Hooghly, PIN-712101, WB, India

International Journal of Modern Physics C (IJMPC), 2003, vol. 14, issue 08, 1041-1046

Abstract: We have developed a model for a life-insurance policy. In this model, the net gain is calculated by computer simulation for a particular type of lifetime distribution function. We observed that the net gain becomes maximum for a particular value of upper age for last premium.

Keywords: Lifetime distribution; insurance; premium (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0129183103005170
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijmpcx:v:14:y:2003:i:08:n:s0129183103005170

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0129183103005170

Access Statistics for this article

International Journal of Modern Physics C (IJMPC) is currently edited by H. J. Herrmann

More articles in International Journal of Modern Physics C (IJMPC) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().