Industrial Engineering and Management Systems

Korean Institute of Industrial Engineers (대한산업공학회)
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An Individual Risk Model and Its Uncertainty Distribution

  • Li, Ren (Dongchang College of Liaocheng University)
  • Received : 2012.09.05
  • Accepted : 2013.03.05
  • Published : 2013.03.31
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Abstract

In insurance statistics, the sum of homogeneous insurance is often needed. The sum is called individual risk model which is a fundamental model in risk analysis for insurance. This paper first presents an individual risk model based on the uncertainty theory. Then its uncertainty distribution is provided. Finally, its arithmetic is shown by a numerical example.

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References

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