Stochastic Control in Insurance

• Main Author: Schmidli, Hanspeter (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: London : Springer London, 2008.
• Series: Probability and Its Applications,
• Subjects: Mathematics.; Finance.; Actuarial science.; Mathematical optimization.; Calculus of variations.; Probabilities.; Control engineering.; Robotics.; Mechatronics.; Actuarial Sciences.; Probability Theory and Stochastic Processes.; Calculus of Variations and Optimal Control; Optimization.; Optimization.; Finance, general.; Control, Robotics, Mechatronics.

Stochastic control is one of the methods being used to find optimal decision-making strategies in fields such as operations research and mathematical finance. In recent years, stochastic control techniques have been applied to non-life insurance problems, and in life insurance the theory has been fu...