Wednesday, 21 December 2022

Gambler’s Ruin Random Walks and Brownian Motions in Reserves Modelling: Application to Pensions Funds Sustainability| Chapter 8 | Research Highlights in Mathematics and Computer Science Vol. 3

 We secondhand the random walk to model the question of reserves. The classic case of a stochastic process is the model of random walks, that are used to study a set of developments and, particularly, as in this place article, models of reserves progress. Random walks also admit the construction of meaningful complex systems and are too used as an mechanism of analysis, being secondhand in the sense of bestowing a theoretical characteristic to added types of systems. Our aim is primarily to study reserves to visualize how to guarantee that pension means are sustainable. This classic approach to the study of annuity collaterals makes likely to draw interesting judgments about the problem of reserves.

Author(s) Details:

Manuel Alberto M. Ferreira,
Department of Mathematics, ISTA—School of Technology and Architecture, Iscte - Instituto Universitário de Lisboa; Information Sciences, Technologies and Architecture Research Center (ISTAR-IUL); Business Research Unit-IUL (BRU-IUL), 1649-026 Lisbon, Portugal.

José António Filipe,
Department of Mathematics, ISTA—School of Technology and Architecture, Iscte - Instituto Universitário de Lisboa; Information Sciences, Technologies and Architecture Research Center (ISTAR-IUL); Business Research Unit-IUL (BRU-IUL), 1649-026 Lisbon, Portugal.

Please see the link here: https://stm.bookpi.org/RHMCS-V3/article/view/8880

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