In this paper, a full treatment of homogeneous discrete time Markov reward processes is presented. The higher order moments of the homogeneous reward process are determined. In the last part of the paper, an application to the bonus-malus car insurance is presented. The application was constructed using real data.
Discrete Time Markov Reward Processes a Motor Car Insurance Example / G., D'Amico; J., Janssen; Manca, Raimondo. - In: TECHNOLOGY AND INVESTMENT. - ISSN 2150-4059. - STAMPA. - 01:02(2010), pp. 135-142. [10.4236/ti.2010.12016]
Discrete Time Markov Reward Processes a Motor Car Insurance Example
MANCA, Raimondo
2010
Abstract
In this paper, a full treatment of homogeneous discrete time Markov reward processes is presented. The higher order moments of the homogeneous reward process are determined. In the last part of the paper, an application to the bonus-malus car insurance is presented. The application was constructed using real data.File allegati a questo prodotto
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