Multi-period optimization model for a household, and optimal insurance design

被引：0
|
作者：
Hibiki, Norio [1 ]
机构：
[1] Keio Univ, Fac Sci & Technol, Dept Adm Engn, Kohoku Ku, Yokohama, Kanagawa 2238522, Japan
来源：
JOURNAL OF THE OPERATIONS RESEARCH SOCIETY OF JAPAN | 2007年 / 50卷 / 04期
关键词：
finance; multi-period optimization; financial planning; investment and insurance strategy; insurance design;
D O I：
10.15807/jorsj.50.463
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
We discuss an optimization model to obtain an optimal investment and insurance strategy for a household. In this paper, we extend the studies in Hibiki and Komoribayashi (2006). We introduce the following points, and examine the model with numerical examples. (1) We consider cash flow due to a serious disease and involve medical insurance. (2) An optimization model is formulated with term life insurance which variable insurance money is received. (3) We propose a model to decide optimal life and medical insurance money received at each time. (4) Sampling error is examined with 100 kinds of 5,000 sample paths.
引用
收藏
页码：463 / 487
页数：25
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