Cui Wang

Ruin Probabilities in a Discrete Semi-Markov Risk Model with Random Dividends to Shareholders and Policyholders

Cui Wang · Journal of Advances in Mathematics and Computer Science · 2017

The discrete semi-Markov risk model is modified by the inclusion of dividends paying to shareholders and policyholders. When surplus is no less than the thresholds a1 and a2, the company randomly pays dividends to shareholders and policyholders with probabilities q1,q2 respective...

Open access Research Article 10.9734/JAMCS/2017/36012

On a Discrete Time Semi-Markov Risk Model with Dividends and Stochastic Premiums

Cui Wang · Journal of Advances in Mathematics and Computer Science · 2017

A discrete semi-Markov risk model with dividends and stochastic premiums is investigated. We derive recursive equations for the expected penalty function by using the technique of probability generating function. Finally, a numerical example is given to illustrate the applicabili...

Open access Research Article 10.9734/JAMCS/2017/34678