1 resultado para fuel and power generation
em Université de Lausanne, Switzerland
Filtro por publicador
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Relevância:
Resumo:
We characterize the value function of maximizing the total discounted utility of dividend payments for a compound Poisson insurance risk model when strictly positive transaction costs are included, leading to an impulse control problem. We illustrate that well known simple strategies can be optimal in the case of exponential claim amounts. Finally we develop a numerical procedure to deal with general claim amount distributions.