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Modelling and computer simulation of an insurance policy: A search for maximum profit

M. Acharyya·A. B. Acharyya
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Abstract

We have developed a model for a life insurance policy. In this model the net gain is calculated by computer simulation for a particular type of lifetime distribution function. We observed that the net gain becomes maximum for a particular value of upper age of last premium. This paper is dedicated to Professor Dietrich Stauffer on the occassion of his 60-th birthday.

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M. Acharyya, A. B. Acharyya. 2003-07-10. Modelling and computer simulation of an insurance policy: A search for maximum profit. https://doi.org/10.1142/s0129183103005170

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