Title :
The application of the multivariable life model based on Common Shock
Author :
Lin, Wujun ; Hu, Yue
Author_Institution :
Sch. of Sci., Zhejiang Univ. of Sci. & Technol., Hangzhou, China
Abstract :
Considering that independent condition´s limitation of two-dimensional life model, in this paper we make a research and obtain the result of n-dimensional (n>;2) life model under the Common Shock model. On the base of the model mentioned above, we give the findings of wholesale payment net premium of dead end and the actuarial present value of life annuity. Meanwhile, we would like to extend the model to n-dimensional life model by a plurality of random shocks. In the end, we give the simple application and convenient calculation of the model. The model is realistic and with the value of promotion.
Keywords :
financial management; marketing; random processes; actuarial present value; common shock model; dead end; life annuity; multivariable life model; n-dimensional life model; random shocks; wholesale payment net premium; Educational institutions; Electric shock; Electronic mail; Mathematical model; Probability distribution; Radio access networks; Reliability; Common Shock model; Multi-life model; actuarial present value; survival function; wholesale payment net premium;
Conference_Titel :
Multimedia Technology (ICMT), 2011 International Conference on
Conference_Location :
Hangzhou
Print_ISBN :
978-1-61284-771-9
DOI :
10.1109/ICMT.2011.6002179