The search session has expired. Please query the service again.
Prediction of outstanding liabilities is an important problem in non-life insurance. In the framework of the Solvency II Project, the best estimate must be derived by well defined probabilistic models properly calibrated on the relevant claims experience. A general model along these lines was proposed earlier by Norberg (1993, 1999), who suggested modelling claim arrivals and payment streams as a marked point process. In this paper we specify that claims occur in [0,1] according to a Poisson point...
We analyze the optimal sales process of a stochastic advertising and pricing model with constant demand elasticities. We derive explicit formulae of the densities of the (optimal) sales times and (optimal) prices when a fixed finite number of units of a product are to be sold during a finite sales period or an infinite one. Furthermore, for any time t the exact distribution of the inventory, i.e. the number of unsold items, at t is determined and will be expressed in terms of elementary functions....
Given the probability measure over the given region , we consider the optimal location of a set composed by points in in order to minimize the average distance (the classical optimal facility location problem). The paper compares two strategies to find optimal configurations: the long-term one which consists in placing all points at once in an optimal position, and the short-term one which consists in placing the points one by one adding at each step at most one point and preserving...
Given the probability measure ν over the given region
, we consider the optimal location of a set
Σ composed by n points in Ω in order to minimize the
average distance (the
classical optimal facility location problem). The paper compares two
strategies to find optimal configurations: the long-term one which
consists in
placing all n points at once in an optimal position, and the
short-term one which consists in placing the points one by one adding
at each step at most one point and preserving...
In the paper the authors investigate the explicit form of the joint Laplace transform of the distances between two subsequent moments f particle registrations by the Type II counter (the counter with prolonged dead time), in the general case, and the generating function of the number of particles arriving during the dead time. They give explicit solutions to the complicated integral equations obtained by L. Takács and R. Pyke, respectively. Moreover, they study the geometric behaviour of the distribution...
Currently displaying 1 –
20 of
53