On a Discrete-Time Risk Model with Random Income and a Constant Dividend Barrier
In this paper, a discrete-time risk model with random income and a constant dividend barrier is considered. Under such a dividend policy, once the insurer’s reserve hits the level bb>0, the excess of the reserve over b is paid off as dividends. We derive a homogeneous difference equation for the...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Journal of Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2021/5575187 |
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| Summary: | In this paper, a discrete-time risk model with random income and a constant dividend barrier is considered. Under such a dividend policy, once the insurer’s reserve hits the level bb>0, the excess of the reserve over b is paid off as dividends. We derive a homogeneous difference equation for the expected present value of dividend payments. Corresponding solution procedures for the difference equation are invested. Finally, we give a numerical example to illustrate the applicability of the results obtained. |
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| ISSN: | 2314-4629 2314-4785 |