Chang, Carolyn W.; Chang, Jack S.K.; Lu, WeiLi - In: Insurance: Mathematics and Economics 43 (2008) 3, pp. 422-430
We employ a doubly-binomial process as in Gerber [Gerber, H.U., 1988. Mathematical fun with the compound binomial process. ASTIN Bull. 18, 161-168] to discretize and generalize the continuous "randomized operational time" model of Chang et al. ([Chang, C.W., Chang, J.S.K., Yu, M.T., 1996....
