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http://dx.doi.org/10.5351/KJAS.2008.21.6.1045

Decrement Models Under Fractional Independence Assumption  

Lee, Hang-Suck (Dept. of Actuarial Science/Mathematics, Sungkyunkwan University)
Publication Information
The Korean Journal of Applied Statistics / v.21, no.6, 2008 , pp. 1045-1063 More about this Journal
Abstract
This paper derives conversion formulas from yearly-based absolute rates of decrements to monthly-based rates of decrement due to cause j under FI (fractional age independence) assumption that is a generalization of UDD assumption. Next, it suggests conversion formulas from monthly-based absoluterates of decrements to monthly-based rates of decrement due to cause j under FI assumption. In addition, it calculates conversion formulas from yearly-based rates of decrement due to cause j to the corresponding monthly-based absolute rates of decrements under FI assumption. Some numerical examples are discussed.
Keywords
Absolute rates of decrements; rates of decrement due to cause j; FI(fractional age independence) assumption;
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Times Cited By KSCI : 1  (Citation Analysis)
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