Randomized Dividends in a Discrete Insurance Risk Model with Stochastic Premium Income
The compound binomial insurance risk model is extended to the case where the premium income process, based on a binomial process, is no longer a constant premium rate of 1 per period and insurer pays a dividend of 1 with a probability q0 when the surplus is greater than or equal to a nonnegative int...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2013-01-01
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| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2013/579534 |