Existing literature asserts that the growth of life settlement (LS) markets, where they exist, is
hampered by limited policyholder participation and suggests that to foster this growth …

In recent years, bank-related decision analysis has reflected a relevant research area due to
key factors that affect the operating environment of banks. This study's aim is to develop a …

In this paper, a novel multi-stage possibilistic stochastic programming (MSPSP) approach is
developed. At the early stages, there is little information on how to pursue MSPSP the …

A recent article by de Andrés-Sánchez and Puchades (2012) modeled life annuities as fuzzy
random variables (FRVs). Their article was informative. However, it had the limitation that the …

There is a growing interest in the insurance industry in offering substandard annuities.
These annuities, based on medical underwriting, provide a greater pay out than the …

The levelized cost of energy (LCOE) is a widespread metric that doesn't disfavor any power
generation or saving technology. In this paper, a stochastic model of the LCOE is provided …

Several life contingency agreements are based on the assumption that policyholders have
impaired life expectancy attributable to factors, such as lifestyle, social class, or preexisting …

In this paper‎,‎ fuzzy set theory is implemented to model internal rate of return for calculating
the price of life‎ settlements‎‎.‎ D‎ eterministic‎,‎ probabilistic and stochastic‎ approaches‎ is‎ used‎ to‎ …

Abstract The Lee—Carter model is a useful dynamic stochastic model to represent the
evolution of central mortality rates throughout time. This model only considers the …

The concept of fuzzy random variable has been applied in several papers to model the
present value of life insurance liabilities. It allows the fuzzy uncertainty of the interest rate …