An increasing number of empirical studies have shown a positive relationship between lifetime income and life expectancy at retirement. One's income during the active part of one's career translates into the amount of retirement benefits one might receive, leading to actuarial unfairness inside...

Purpose: This research develops a batch scheduling model for a three-stage flow shop with job processors in the first and second stages and a batch processor in the third stage. The model integrates production process activities and a product inspection activity to minimize the expected total...

The need to assess the risks of the trustworthiness of counterparties is increasing every year. The identification of increasing cases of unfair behavior among counterparties only confirms the relevance of this topic. The existing work in the field of information and economic security does not...

A comprehensive auto insurance policy usually provides the broadest protection for the most common events for which the policyholder would file a claim. On the other hand, some insurers offer extended third-party car insurance to adapt to the personal needs of every policyholder. The extra...

We investigate the performance of the Deep Hedging framework under training paths beyond the (finite dimensional) Markovian setup. In particular, we analyse the hedging performance of the original architecture under rough volatility models in view of existing theoretical results for those....

The purpose of this paper is to empirically test the association of behavioral biases like overconfidence bias and self-attribution bias, and information acquisition with individual investors decisions. This study also extends its contributions in understanding the role of information...

In this research, a new acceptance sampling plan for a truncated life test is presented, assuming that the quality characteristic follows the power Lomax distribution. The operating characteristic function values are calculated for the proposed sampling plan, jointly with the optimal sample size...

The paper deals with a new fuzzy version of the Lee-Carter (LC) mortality model, in which mortality rates as well as parameters of the LC model are treated as triangular fuzzy numbers. As a starting point, the fuzzy Koissi-Shapiro (KS) approach is recalled. Based on this approach, a new fuzzy...