Abstract
The purpose of this paper is twofold. First, to formulate a dynamical model of a stock insurance firm and, second, to solve the insurance firm problem (in terms of its loading factor, investment-disinvestment and dividend policies), granted that its objective is (discounted) dividend maximization. The mathematical problem defined is a two-states stochastic control problem which is solved and interpreted to yield insights regarding the management of insurance firms.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 19-33 |
| Number of pages | 15 |
| Journal | Large Scale Systems |
| Volume | 9 |
| Issue number | 1 |
| State | Published - Aug 1985 |
ASJC Scopus subject areas
- General Engineering