Technology and Investment

Volume 1, Issue 2 (May 2010)

ISSN Print: 2150-4059   ISSN Online: 2150-4067

Google-based Impact Factor: 0.47  Citations  

Discrete Time Markov Reward Processes a Motor Car Insurance Example

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DOI: 10.4236/ti.2010.12016    6,010 Downloads   11,200 Views  Citations

ABSTRACT

In this paper, a full treatment of homogeneous discrete time Markov reward processes is presented. The higher order moments of the homogeneous reward process are determined. In the last part of the paper, an application to the bonus-malus car insurance is presented. The application was constructed using real data.

Share and Cite:

G. Amico, J. Janssen and R. Manca, "Discrete Time Markov Reward Processes a Motor Car Insurance Example," Technology and Investment, Vol. 1 No. 2, 2010, pp. 135-142. doi: 10.4236/ti.2010.12016.

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