A stochastic simulation procedure for pension schemes (Q1117660)
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scientific article; zbMATH DE number 4092617
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A stochastic simulation procedure for pension schemes |
scientific article; zbMATH DE number 4092617 |
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A stochastic simulation procedure for pension schemes (English)
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1988
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This paper deals with the calculation of some quantities concerning pension schemes by means of stochastic simulation. A very simple procedure, suitable for a typical pension scheme model, is here proposed. It supplies us with a noteworthy time-saving calculation tool, as opposed to a simulation procedure based on a different approach. Comparisons between the calculation times required in numerical experiences by these two different procedures, as well as some results thereby obtained, are then presented.
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remaining working time
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random survival time
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pension schemes
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stochastic simulation
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