Multiple life functions and multiple decrement models
Date of Publication
1992
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Applied Mathematics
College
College of Science
Department/Unit
Mathematics and Statistics
Abstract/Summary
This paper is an expository on two topics in the book, Actuarial Mathematics by Bowers et al, namely, multiple life functions and multiple decrement models. Multiple life functions deal with the development of theories for the analysis of financial benefits contingent on the time and order of death involving several lives but in this paper it is limited to two lives only. Multiple decrement models on the other hand, deal with building a theory which will study the distribution of two random variables which are time-until-termination from a given status and the cause of termination.These two topics are explained in this study in a manner that could be easily understood. Derivations of formulas with their respective interpretations and exercises are given. However, this paper does not discuss variances and covariances which are subtopics included in the book of Bowers, et al.
Abstract Format
html
Language
English
Format
Accession Number
TU05729
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
160 leaves
Keywords
Insurance--Mathematics; Distributions (Probability theory); Mathematical models; Functions
Recommended Citation
Manning, P. Q., & Villar, K. W. (1992). Multiple life functions and multiple decrement models. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/15977