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Potential Scenario
156
views
95
downloads
0
comments
2002-Ragnar-Norberg-Basic Life Insurance Mathematics
Presents fundamentals of life insurance, mortality, savings, banks, finance, reserves, pensions, stochastic processes.
finance
stochastic processes
savings
life insurance
banks
reserves
pensions
mortality
Modeling Scenario
308
views
235
downloads
0
comments
1-027-StochasticProcesses-ModelingScenario
We build the infinite set of first order differential equations for modeling a stochastic process, the so-called birth and death equations. We will only need to use integrating factor solution strategy or DSolve in Mathematica for success.
Variance
Mean
stochastic
random
operations research
industrial engineering
Poisson process
traffic
Potential Scenario
147
views
56
downloads
0
comments
2008-Ratneesh_Suri-Optimal harvesting strategies for fisheries-differential equations approach
We develop and investigate the harvesting model in both deterministic and stochastic settings. We first employ the Expected Net Present Value approach and determine optimal harvesting policy using various optimization techniques including optimal...
optimal control
sustainable yield
maximum sustainable yield
harvest
Expected Net Present Value
calculus of variations
dynamic programming
maximum economic yield
Potential Scenario
154
views
62
downloads
0
comments
2007-Mogen_Steffensen-Differential Equations in Finance and Life Insurance
The mathematics of finance and the mathematics of life insurance were always intersecting. Life insurance contracts specify an exchange of streams of payments between the insurance company and the contract holder.
finance
disability
life insurance
mortality
insurane
Thiele’s equation
Black-Scholes equation
Article or Presentation
173
views
52
downloads
0
comments
2010-Kar-Chakraborty-Bioeconomic_modelling_of_a_prey_predator_system_using_differential_algebraic_equations
We propose a biological economic model based on prey-predator dynamics where the prey species are continuously harvested and predation is considered with type II functional response.
economics
bifurcation
harvest
fishery
equilibrium
differential algebraic equation
Potential Scenario
143
views
44
downloads
0
comments
2008-Chernyshov-EtAl-The Problem of Modelling of Economic Dynamics in Differential Form
The authors have tried to analyze procedures of the construction of differential equations that are employed for modeling of macroeconomic processes. The results prove to be rather unexpected.
Fredholm integral equation of
Leontief’s model
macroeconomic processes
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