Displaying similar documents to “Optimum claims truncation of an insurance firm with a compound Poisson claim process : a diffusion approximation”

A time-dependent best choice problem with costs and random lifetime in organ transplants

Anna Krasnosielska (2010)

Applicationes Mathematicae

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This paper develops and analyzes a time-dependent optimal stopping problem and its application to the decision making process concerning organ transplants. Offers (organs for transplant) appear at jump times of a Poisson process. The values of the offers are i.i.d. random variables with a known distribution function. These values express the degree of histocompatibility between the donor and the recipient. The sequence of offers is independent of the jump times of the Poisson process....