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Dissertations / Theses on the topic 'Minimum Guarantees'

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Published: 4 June 2021

Last updated: 1 February 2022

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1

Zajmi, Arta. "Equalization of guaranteed minimum pensions in the United Kingdom." Master's thesis, Instituto Superior de Economia e Gestão, 2019. http://hdl.handle.net/10400.5/19275.

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Mestrado em Actuarial Science<br>Antes de 1978, no RU, era ao Estado que competia assegurar o pagamento das pensões. Em abril de 1978, foi dada a possibilidade de os planos de previdência privados assumirem uma parte do sistema, desde que seguissem as mesmas regras. Foi assim que surgiu a PMG. A PMG é calculada considerando vários fatores, como idade, sexo e vida útil do membro. A idade de pagamento do benefício é diferente para membros masculinos e femininos, bem como a sua taxa de formação, que depende da vida útil do membro. Essas diferenças levaram a desigualdades nos montantes atribuídos

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2

Peng, Jingjiang. "Pricing the guaranteed minimum withdrawal benefit under stochastic interest rates /." View abstract or full-text, 2007. http://library.ust.hk/cgi/db/thesis.pl?MATH%202007%20PENG.

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3

Moreira, Amilcar Manuel Reis. "Guaranteed minimum income schemes and the right to personal development." Thesis, University of Bath, 2006. https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.428352.

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4

Rietbergen, Muriel Isolde. "Long-term asset and liability management for minimum guaranteed return funds." Thesis, University of Cambridge, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.613768.

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5

Miller, John. "High code rate, low-density parity-check codes with guaranteed minimum distance and stopping weight /." Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC campuses, 2003. http://wwwlib.umi.com/cr/ucsd/fullcit?p3090443.

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6

Skosana, Nkere Gerald. "Social protection in South Africa: a quest for an appropriate dispensation through a Minimum Employment Guarantee Scheme." Master's thesis, University of Cape Town, 2016. http://hdl.handle.net/11427/22785.

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This study has analysed the unemployment phenomenon globally and in particular to the South African situation and contends that a solution to the reduction of the intractable unemployment levels lies in the implementation of a Minimum Employment Guarantee Scheme. It has further analysed the South African social protection system, and highlighted the gaps that currently exist in terms of providing social security, to the multitudes of the unemployed and poor. This is in spite of the constitution guaranteeing the right to social security and social assistance to those who are unable to look afte

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7

Harfush, Pardo Mariam. "An investigation on portfolio choice and wealth accumulation in fully funded pension systems with a guaranteed minimum benefit." Thesis, Imperial College London, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.432005.

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Roccatello, Andrea. "Planning mobile robot tasks for autonomous UVC-based COVID-19 sanification of public environments with guaranteed minimum energy distribution." Master's thesis, Alma Mater Studiorum - Università di Bologna, 2021.

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The present essay shows a solution to automize the sanitization process of public environments with UV lamps. Human planning of the procedure may lead to dangerous consequences in case of errors. Therefore, it was chosen to automatically manage the creation of a path that guides the robot through the rooms avoiding obstacles. The project needs the environment map and the selection of areas where sanitization is required. Velocities are defined using optimization techniques to guarantee the distribution of a minimum energy level in all the areas that need sanitization, considering the limited e

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9

Hammond, Daniel Robert. "Explaining policy making in the People's Republic of China : the case of the Urban Resident Minimum Livelihood Guarantee System, 1992-2003." Thesis, University of Glasgow, 2009. http://theses.gla.ac.uk/1580/.

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From 1992 to 2003 the emergence of the urban resident Minimum Livelihood Guarantee (MLG) system saw a major reconfiguration and expansion of social assistance in the People's Republic of China (PRC). There are currently two gaps in current studies of the MLG which this dissertation will address. First, detailed historical information on the MLG is lacking in the English language. Second, the focus of current studies on the effectiveness of the MLG has led to an implicitly rational explanation for the emergence and development of the policy. Such an explanation does not provide a satisfactory e

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10

Caetano, Ana Isabel da Luz. "A reciprocidade enquanto princípio de justiça no Estado Providência : a aplicação ao rendimento mínimo garantido/rendimento social de inserção." Master's thesis, Instituto Superior de Economia e Gestão, 2005. http://hdl.handle.net/10400.5/4206.

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Mestrado em Sociologia Económica e das Organizações<br>Uma forma de olhar para a tendência de reforma dos Estados Providência no sentido da responsabilização de cada cidadão pelo seu próprio bem-estar é argumentar que se trata de uma resposta à pressão financeira e à crise de legitimidade geradas por políticas universalistas que negligenciam o princípio da reciprocidade, segundo o qual não é justo que um indivíduo beneficie da cooperação social sem que faça algum contributo para o excedente colectivo. O objectivo desta dissertação é questionar este argumento averiguando de que forma os agentes

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11

Julie, Elmerie. "A mathematical model for managing equity-linked pensions." Thesis, University of the Western Cape, 2007. http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_1071_1181655014.

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<p>Pension fund companies manage and invest large amounts of money on behalf of their members. In return for their contributions, members expect a benefit at termination of their contract. Due to the volatile nature of returns that pension funds attain, pension companies started attaching a minimum guaranteed amount to member&rsquo<br>s benefits. In this mini-thesis we look at the pioneering work of Brennan and Schwartz [10] for pricing these minimum guarantees. The model they developed prices these minimum guarantees using option pricing theory. We also look at the model proposed by Deelstra

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Schwantes, Fernanda. "Política de garantia de preços mínimos no Brasil - uma avaliação dos custos sociais e orçamentários para arroz e milho no período de 1987 a 2013." Universidade de São Paulo, 2015. http://www.teses.usp.br/teses/disponiveis/11/11132/tde-13112015-104926/.

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A Política de Garantia de Preços Mínimos (PGPM) no Brasil foi inaugurada oficialmente em 1966, com os objetivos de reduzir a instabilidade dos preços agrícolas, assegurar uma renda mínima aos produtores e garantir o abastecimento interno de alimentos. Tratava-se de uma política de caráter universal, no sentido de que qualquer produtor poderia vender a sua produção ao Governo Federal, desde que este último tivesse recursos suficientes para adquiri-la. O governo utilizava-se, até meados da década de 1990, dos instrumentos de intervenção ampla no mercado, as Aquisições do Governo Federal (AGF) e

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Kratochvíl, Martin. "Minimální mzda v ekonomických souvislostech." Master's thesis, Vysoká škola ekonomická v Praze, 2014. http://www.nusl.cz/ntk/nusl-193518.

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The thesis analyzes how minimum wage influences unemployment in the Czech Republic. Firstly, the economic theory is researched and the conclusion is that the Czech labour market is very similar to a monopsony market due to the low mobility of the workforce and the low rate of immigration. Another result is that the level of wages in developed economies does not depend on the productivity of the workforce anymore, so minimum wage laws have psychological impacts rather than economical. The following part of this thesis is dedicated to the comparison of labour market indicators between european c

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Costa, Bárbara Josana. "Mínimo existencial e tributação indireta: a preservação do mínimo existencial pelo estado por meio da tributação seletiva sobre o consumo." Universidade do Vale do Rio dos Sinos, 2016. http://www.repositorio.jesuita.org.br/handle/UNISINOS/6546.

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Submitted by JOSIANE SANTOS DE OLIVEIRA (josianeso) on 2017-08-24T13:03:39Z No. of bitstreams: 1 Bárbara Josana Costa_.pdf: 1476324 bytes, checksum: d610850bea9adabd88aa905548d483ac (MD5)<br>Made available in DSpace on 2017-08-24T13:03:39Z (GMT). No. of bitstreams: 1 Bárbara Josana Costa_.pdf: 1476324 bytes, checksum: d610850bea9adabd88aa905548d483ac (MD5) Previous issue date: 2016-12-13<br>Nenhuma<br>Pretende-se com este trabalho demonstrar porque tributar bens essenciais para o consumo é prejudicial a garantia do mínimo existencial. Para isso, se utilizará pesquisa empírica e teórica.

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Ben, Rejeb Jihene. "Analyse de stabilité et synchronisation des systèmes singulièrement perturbés." Thesis, Université de Lorraine, 2017. http://www.theses.fr/2017LORR0117/document.

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Les travaux de cette thèse portent sur l’analyse de stabilité et la synthèse de commande pour les systèmes singulièrement perturbés. Dans une première partie, nous présentons et analysons une classe générale de systèmes linéaires hybrides singulièrement perturbés dans lesquels la nature lente et rapide des variables d’état dépend du mode de fonctionnement. L’analyse de stabilité est fondée sur des résultats classiques de la théorie de Lyapunov pour les systèmes singulièrement perturbés. Une deuxième partie de ce travail présente la conception d’une loi de commande décentralisée qui garantit la

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Moreira, Amílcar Manuel Reis. "A Inserção Profissional dos Beneficiários Rendimento Mínimo Garantido." Master's thesis, Instituto Superior de Economia e Gestão, 2001. http://hdl.handle.net/10400.5/3687.

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Mestrado em Sistemas Sócio-Organizacionais da Actividade Económica<br>A inserção profissional dos grupos socialmente desfavorecidos é um dos principais desafios que se põe aos modernos Estados-Providência. Em Portugal, o RGM marca uma nova forma de abordar esta questão, com o Estado e a Sociedade a assumirem responsabilidade de desenvolver uma intervenção mais sistematizada no sentido de criar oportunidades de inserção profissional para os beneficiarios da medida. O objectivo desta dissertação é a criação de um modelo analítico e metodológico que permita analisar os processos de inserção dos

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Reicher, Regina Maria. "A eutanásia na visão do garantismo penal." Pontifícia Universidade Católica de São Paulo, 2005. https://tede2.pucsp.br/handle/handle/6000.

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Made available in DSpace on 2016-04-26T20:21:19Z (GMT). No. of bitstreams: 1 a eutanasia na visao do garantismo penal.pdf: 543487 bytes, checksum: e4aa602946a78b514d189f5234f8e6d1 (MD5) Previous issue date: 2005-11-09<br>Comparing euthanasia procedure and guarantee of the Luigi Ferrajoli, as to penal prohibition, the injury and necessity principles, and minimal penal law, this study does a projection regarding main consequences of this conduct in the penal law, notably its consequences to the human dignity principle, which is the logical correspondent of the modern Democratic Law State. The

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Lin, Wei-chih, and 林暐智. "Fair valuation of participating policies with minimum return guarantees: The impact of interest rate, stock price volatility and minimum return guarantees." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/31518943758634126484.

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碩士<br>逢甲大學<br>保險所<br>95<br>The paper construct the fixed interest rate value model and random interest rate value model that get fair participating rate of participating policies with minimum return guarantees, and find the relation of participating with interest rate, stock price volatility, and minimum return guarantees. The paper compare with participating policies with minimum return guarantees and special participating policies: unitised with-profit policies, the insurance policies are different from traditional participating policies in invest decision. Unitised with-profit policyholder

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Chiang, Tsung-Hsien, and 姜宗賢. "Minimum Rate of Return Guarantees for Define Contribution Pension Plan." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/10864040870027592910.

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碩士<br>東吳大學<br>商用數學系<br>93<br>The Taiwan Employee Retirement Income Security Act (TERISA) was enacted in July, 2005 to replace the existing retirement system regulated by Labor Standard Act (LSA) since August, 1984. The former act is a defined contribution system and the latter act is a modified defined benefit system. This paper contains (1) the comparisons of the retirement pension funds under the two acts with fixed interest rates and fixed salary increase rates (2) a study of minimum rate of return guarantees for TERISA with interest rate which follows stochastic process (3) sensitivity an

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20

Tang, Meng Yueh, and 湯孟月. "The Pricing Analysis of Foreign Unit-Linked Life Insurance with Minimum Return Guarantees." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/05057442381297884548.

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碩士<br>東吳大學<br>財務工程與精算數學系<br>101<br>The article investigates the valuation and sensitivity analysis for Foreign Unit-Linked Life Insurance with Minimum Return Guarantees. The Monte-Carlo simulations are used for pricing and sensitivity analysis of product. The Foreign Unit-Linked Life Insurance with Minimum Return Guarantees case study of this paper is with linked funds, guaranteed minimum payment amount and locks high mechanisms, which different the general insurance products. Our numerical analysis indicates that the theoretical price is different to the actual price. In the sensitivity analy

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Wang, Hsun, and 王珣. "An Analytical Approximation Solution for the Minimum Rate of Return Guarantees under GARCH." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/c9v9tr.

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碩士<br>東吳大學<br>商用數學系<br>96<br>Equity-linked life insurance policy with a minimum rate of return guarantee (ELIMG) has become one of the most popular instruments in the life insurance industry. However, as the GARCH (generalized autoregressive conditional heteroskedasticity) effect inherent in the linked financial equity prices is extensively witnessed, no one addresses the pricing and hedging of ELIMG under GARCH. We successfully extend the study of Duan, et al. (1999) and integrate the Edgeworth expansion for deriving analytical approximation solution of ELIMG under GARCH. Numerical experiment

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22

Marshall, Claymore. "Financial Risk Management of Guaranteed Minimum Income Benefits Embedded in Variable Annuities." Thesis, 2011. http://hdl.handle.net/10012/6149.

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A guaranteed minimum income benefit (GMIB) is a long-dated option that can be embedded in a deferred variable annuity. The GMIB is attractive because, for policyholders who plan to annuitize, it offers protection against poor market performance during the accumulation phase, and adverse interest rate experience at annuitization. The GMIB also provides an upside equity guarantee that resembles the benefit provided by a lookback option. We price the GMIB, and determine the fair fee rate that should be charged. Due to the long dated nature of the option, conventional hedging methods, such as d

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Kuo, Chi-Min, and 郭濟民. "Fiscal Effects of Minimum Pension Guarantees: The Case of Labor Pension Fund in Taiwan." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/75742884989106010525.

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碩士<br>逢甲大學<br>財稅所<br>95<br>Reformed Labor Pension Act with the regulation of minimum pension guarantee was implemented in Taiwan On July, 1, 2005. We simulate the probabilities that government needs to honor the guarantee and estimate the fiscal cost of such a promise under the Labor Pension Act. Both depend on the earnings of the individuals over time, demographic structure and on the uncertainty of the rates of return proportioned by their investments. We apply CIR interest rate model to project the dynamics of future interest rate, also consider the correlation to modeling the assets return

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Lee, Chin-yang, and 李景揚. "The Application of Variable Life Insurance with Minimum Guarantees in the Retirement Pension Market." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/16125535859430776719.

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碩士<br>東吳大學<br>商用數學系<br>93<br>This paper will introduce two variable life insurance products with minimum guarantee that can be used as a product to cumulate retirement pension fund. The concept behind these two products is a structured commodity plus a term life insurance with minimum guarantees on both parts. The difference between the two products is the guarantee amount; one is a fixed amount and the other one with interest. For consumers who seek products for retirement pension fund, we demonstrate how these two products can be used to cumulate the fund as performance of the fund is gi

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Rice, Robert Bruce. "Outlining a practical approach to price and hedge minimum rate of return guarantees embedded in recurring - contribution life insurance contracts." Diss., 2014. http://hdl.handle.net/2263/43230.

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This dissertation tackles the current life insurance industry challenge to price and hedge minimum rate of return guarantees (MRRG) embedded in recurring-contribution life insurance contracts in a practical manner. The key contribution to the literature is to outline a practical approach to quantify and project the impact of dynamic hedging strategies for such options. MRRGs are typically very long-dated and as a result the validity of using typical financial economics options pricing models under incomplete market conditions remains a debate. However, life insurers need robust, practica

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Wu, Hui-Chun, and 吳蕙君. "Pricing Guaranteed Minimum Withdrawal Benefits by Trees." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/83899272619398981647.

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碩士<br>國立臺灣大學<br>財務金融學研究所<br>97<br>Guaranteed minimum withdrawal benefits (GMWB) is an innovative rider of variable annuity (VA) policies. In recent years GMWB has gained popularity due to it being an investment-linked insurance while guaranteeing minimum return. The pricing method of GMWB can be generally classified in two ways: Monte Carlo simulation and numerical PDE techniques. In this research, the tree model is used to price GMWB rider in a more realistic and intuitive fashion than existing methods. We extend the static model in Milevsky and Salisbury (2006), showing that the product can

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Pires, Patrícia Bárbara. "Guaranteed Minimum Pensions - Conversion To Main Benefits." Master's thesis, 2021. http://hdl.handle.net/10362/118337.

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In the defined benefits schemes in the United Kingdom (UK), the pension provided to the pensioners is divided in two components: Guaranteed Minimum Pension (GMP) and Excess. However, GMP is only a part of the accumulated benefit pension between 6th April 1978 and 5th April 1997 and it is treated way different from Excess. The way Guaranteed Minimum Pension is treated causes many inequalities between men and women, in particularly due to the differences on the GMP Payment Age and on the accrual rate. These inequalities felt by the members of the scheme led to a judgment in court, Lloyds

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"Pricing guaranteed minimum withdrawal benefits with Lévy processes." 2012. http://library.cuhk.edu.hk/record=b5549175.

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本研究主要探討附保證最低提 (Guaranteed Minimum Withdrawal Benefits, GMWB)的變額(Variable Annuity, VA) 在隨機模型下之定價。保證最低提是變額的一種附加約 (rider) 並在市場下跌的情況下為變額持有人提供保障。它保證持有人在合約期內的總提少於一個預先訂的額，而變額的投資表現。一般，這個保證額相等於變額的初始投資額。本研究的融模型假設投資標的基價格符合對維過程 (exponential Lévy process)，而隨機則符合由維過程驅動的瓦西克模型 (Vasiček model)。融模型中的個維過程的相依結構 (dependence structure) 會由維關結構 (Lévy Copula) 描述。這個方法的好處是可描述同型的相依結構。用一個配合維關結構而有效的蒙地卡模擬方法，我們研究在同相依結構及模型下保證最低提的價值變化。在固定的特別情況下，保證最低提的價值能夠透過卷積方法 (convolution method) 而得到半解析解 (semi-analytical solution) 。最後，我們將本研究中的學模型擴展以研究近期出現由保證最低提演化而成的一種保證產品。這個產品名稱為保證終身提 (Guaranteed Lifelong Withdrawal Benefit, GLWB)，而此產品的到期日則與

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李一成. "Risk analysis for guaranteed minimum benefit life insurance riders." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/69053675402314968601.

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碩士<br>國立政治大學<br>風險管理與保險研究所<br>96<br>Insurers have investment risks because they issue the guaranteed minimum benefit life insurance riders. Therefore, the purpose of this thesis is analyzing the risk for the riders. In the context, we implement numerical PDE solution to compute the ruin probability of separate account which is the probability that guaranteed minimum benefit life insurance riders will lead to financial insolvency under stochastic investment returns. Moreover, we will do sensitivity analyses to discuss the two aspects, market factors and contract designs, how to influence the ru

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Liu, I.-Chien, and 劉議謙. "Valuation of Guaranteed Minimum Withdrawal Benefits for Insurance Products." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/824966.

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碩士<br>東吳大學<br>商用數學系<br>96<br>In the research, we deal with financial valuation of guaranteed minimum withdrawal benefits（GMWB）. We assume the equity process underlying the GMWB follows a Geometric Brownian Motion（GBM）. GMWB is a kind of Asian option. Under the GBM process, this paper extends the study of Tsao, Chang and Lin（2003）and integrals the Taylor series expansion to derive analytic solutions for GMWB. Numerical experiments show that under some conditions analytic solutions sometimes perform very well and are efficient as benchmarked with large sample Monte Carlo simulation.

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Wang, Ye. "Survivable routing in WDM networks with guaranteed minimum network bandwidth." Thesis, 2007. http://hdl.handle.net/10125/20568.

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Ho, Ting-Yun, and 何庭昀. "Guaranteed minimum withdrawal benefit annuity: Valuation and dynamic optimal hedge." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/2fqany.

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碩士<br>國立政治大學<br>風險管理與保險學系<br>107<br>This paper investigates in valuation and hedging of Guaranteed Minimum Withdrawal Benefit (GMWB) variable annuity, and demonstrating the results of dynamic optimal hedging on simulated data and historical data. The value of GMWB is related to fees and withdrawals, and it is hard to be valued with formula. Therefore, given the withdrawal schedule, we can value GMWB with the risk-neutral valuation method and the Monte Carlo method in Q-measure. The goal of dynamic optimal hedging strategy is to minimize volatility of hedging errors. We choose hedging assets wi

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Jou, Shyr-Pey, and 周蒔霈. "Investment Options and Minimum Revenue Guarantee in BOT Concession Design." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/77958500582961699816.

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碩士<br>國立交通大學<br>土木工程系<br>88<br>Recently the Government has sharply increased spending on current accounts, which has led to serious budgetary constraints on public infrastructure spending. To overcome the budgetary problem, the Government has tried to encourage private participation in infrastructure through the BOT model. BOT infrastructure projects usually involve substantial risks, but they usually can generate certain level of positive externalities. To attract private investment and to balance public benefits, policy makers need to consider the application of innovative policy instruments

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Liu, Yan. "Pricing and Hedging the Guaranteed Minimum Withdrawal Benefits in Variable Annuities." Thesis, 2010. http://hdl.handle.net/10012/4990.

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The Guaranteed Minimum Withdrawal Benefits (GMWBs) are optional riders provided by insurance companies in variable annuities. They guarantee the policyholders' ability to get the initial investment back by making periodic withdrawals regardless of the impact of poor market performance. With GMWBs attached, variable annuities become more attractive. This type of guarantee can be challenging to price and hedge. We employ two approaches to price GMWBs. Under the constant static withdrawal assumption, the first approach is to decompose the GMWB and the variable annuity into an arithmetic average s

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Yang, Kai-Hsu, and 楊凱旭. "Pricing Guaranteed Minimum Withdrawal Benefit under Hull-White Interest Rate Model." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/95245124362844122021.

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碩士<br>國立交通大學<br>資訊管理研究所<br>98<br>The insurance contract with guaranteed withdrawals has become more popular recently. This product can meet the customer’s investment and insurance requirements so the customer can deal with the retirement financial plan better. This paper extends Milevsky and Salisbury (2006) assumptions, by pricing the Guaranteed Minimum Withdrawal Benefit (GMWB) with Hull-White Stochastic Interest Rate. To fit the real world market better, we construct a three-dimensional trinomial-tree structure to pricing the GMWB and the policyholder receives withdrawal benefits not contin

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Lin, Yu-Lin, and 林育霖. "A Study of Minimum Revenue Guarantee Value of BOT Refuse Incineration Plants." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/41524760116794152438.

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碩士<br>國立交通大學<br>土木工程系所<br>94<br>Since BOT projects involve substantial risks, government must afford the chartered companies some extra incentives which can attract private institutes’ participation. Due to static NPV method that cannot correctly estimate the managerial flexibility for company decisions, this study is trying to apply “Real Option” theory into Wujih Refuse Incineration Plant by calculating the potential value of managerial flexibility, which consists of the value of abandoning options, options which guarantee minimum revenues and compound options. The findings of this research

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Lee, Mei-Huan, and 李美煥. "An Analysis of Unit-Linked Life Insurance Minimum Return Guarantee -A Case Study." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/x3ft8r.

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Huang, Yiqing. "Numerical Methods for Pricing a Guaranteed Minimum Withdrawal Benefit (GMWB) as a Singular Control Problem." Thesis, 2011. http://hdl.handle.net/10012/6109.

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Guaranteed Minimum Withdrawal Benefits(GMWB) have become popular riders on variable annuities. The pricing of a GMWB contract was originally formulated as a singular stochastic control problem which results in a Hamilton Jacobi Bellman (HJB) Variational Inequality (VI). A penalty method method can then be used to solve the HJB VI. We present a rigorous proof of convergence of the penalty method to the viscosity solution of the HJB VI assuming the underlying asset follows a Geometric Brownian Motion. A direct control method is an alternative formulation for the HJB VI. We also extend the HJB VI

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Hsieh, Chang-Hung, and 謝昌宏. "Pricing Guaranteed Minimum Withdrawal Benefit under Hull-White Interest Rate Model and Dynamical Survival model." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/92281084616549236455.

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碩士<br>國立交通大學<br>資訊管理研究所<br>99<br>The Guaranteed Minimum Withdrawal Benefit (GMWB) is a unit-linked insurance plan. The policy holder save a single premium to personal account at the beginning, then the insurance company will invest this account in financial markets, and gains and losses will be reflected to the personal account value. The GMWB promises that the policy holder cans regularly withdrawal a predetermined amount from personal account. So the GMWB can be seen as a variable annuity. At the maturity, if there is a surplus value of personal account after withdrawing, all of the surplus

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Wei, Hung-Chi, and 魏宏企. "A study of guaranteed minimum withdrawal benefits based on the impact of death and mortality." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/5393b8.

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碩士<br>東吳大學<br>商用數學系<br>96<br>Guaranteed minimum withdrawal benefit (GMWB) is a very popular rider on variable annuities (VA). It promises annuitants to earn the entire initial investment, regardless of investment performance, yet spread over an established time period. In this paper, we extend the “static model” in Milevsky and Salisbury (2006) by considering a more realistic situation that VA could lapse during the guaranteed period if the annuitant dies earlier. And if this happens, remaining annuity payments discontinue, whereas a death benefit will be offered to maintain the minimum withdr

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Yeh, Tsae-Wen, and 葉彩雯. "The analysis of risk in guaranteed minimum death and withdraw benefit products under the Monte Carlo Simulation." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/10362135839307298514.

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碩士<br>逢甲大學<br>風險管理與保險研究所<br>97<br>Recently, the whole economic environment has been under turmoil. The domestic economy remained weak after the Asian Financial Crisis of the 1990s. Interest rates are volatile and this adversely affects interest rate premiums and reserves in traditional life insurance products. Furthermore, the unfavorable movement in interest rates creates a negative gap in the financial records. Fortunately, the Insurance Bureau has authorized in 2001 that life insurers can sell Unit-Link or investment products. Unit-Link or investment products are held by policy holders whic

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Fu, Huai-Lei, and 傅懷磊. "A High Performance Scheduling with Minimal Bandwidth Guarantee in WiMax Mesh Networks." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/61141203955969362237.

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碩士<br>元智大學<br>資訊工程學系<br>95<br>With the rapid growth of broadband wireless access network, WiMax technology will become a promising next generation wireless network. In addition to the point-to-multipoint (PMP) network configuration, WiMax also supports the mesh backhaul configuration. One of the critical issues of performance in wireless mesh backhaul network is the scheduling algorithm in the MAC layer. An effective scheduling scheme should exploit spatial reuse to improve the system throughput in a wireless mesh network. In this thesis, we propose a Dynamic Clique-based Link Scheduling algor

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Tayyar, Haitham Fahmi. "A minimum-work weighted fair queuing algorithm for guaranteed end-to-end and quality-of-service in packet networks." Thesis, 2002. http://hdl.handle.net/2429/13577.

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Emerging applications in multimedia communications and Virtual Private Networks (VPNs) require data networks to provide Quality-of-Service (QoS) guarantees, such as delay and/or jitter bounds, to individual packet flows. Providing such guarantees can be achieved by link scheduling mechanisms along the path of these packets. Among the many packet-scheduling techniques proposed for this problem, Weighted Fair Queuing (WFQ) offers the best delay and fairness guarantees. However, all previous work on WFQ has been focused on developing inefficient approximations of the scheduler because of

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Muller, Grant Envar. "Discrete and continuous time methods of optimization in pension fund management." Thesis, 2010. http://hdl.handle.net/11394/3542.

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>Magister Scientiae - MSc<br>Pensions are essentially the only source of income for many retired workers. It is thus critical that the pension fund manager chooses the right type of plan for his/her workers.Every pension scheme follows its own set of rules when calculating the benefits of the fund’s members at retirement. Whichever plan the manager chooses for the members,he/she will have to invest their contributions in the financial market. The manager is therefore faced with the daunting task of selecting the most appropriate investment strat-egy as to maximize the returns from the financia

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Pitacas, João. "Modelo Operacional dos Corpos de Bombeiros à Escala Intermunicipal." Master's thesis, 2021. http://hdl.handle.net/10400.26/35505.

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Os Corpos de Bombeiros (CB) contam com uma rede de quartéis implantada em todo o território nacional, atualmente organizada por um modelo baseado nos limites territoriais das NUTS (Nomenclatura das Unidades Territoriais para Fins Estatísticos). Será, portanto, possível rentabilizar a rede de CB no patamar sub-regional, através da implementação de critérios de desempenho dos CB, entre eles, a população abrangida dentro dos tempos de resposta convencionados. O objetivo deste trabalho é propor uma reorganização operacional da rede de quartéis já implantada nas Sub-Regiões da Lezíria do Tejo e Mé

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