Transient and Stationary Analyses of the Surplus in a Risk Model
  • 조언영
  • 최승경
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초록

The surplus process in a risk model is stochastically analyzed. We obtain the characteristic function of the level of the surplus at a finite time, by establishing and solving an integro-differential equation for the distribution function of the surplus. The characteristic function of the stationary distribution of the surplus is also obtained by assuming that an investment of the surplus is made to other business when the surplus reaches a sufficient level. As a consequence, we obtain the first and second moments of the surplus both at a finite time and in an infinite horizon (in the long-run).

키워드

Risk modelsurplus processcharacteristic functionintegro-differential equationstationary distribution.
제목
Transient and Stationary Analyses of the Surplus in a Risk Model
저자
조언영최승경이의용
DOI
10.5351/CSAM.2013.20.6.475
발행일
2013-11
저널명
Communications for Statistical Applications and Methods
20
6
페이지
475 ~ 480