In this paper, we consider the optimal dividend problem for the compound Poisson risk model. We assume that dividends are paid to the shareholders according to an admissible strategy with dividend rate bounded by a constant. Our objective is to find a dividend policy so as to maximize the...

Consider the optimal dividend problem for an insurance company whose uncontrolled surplus precess evolves as a spectrally negative Levy process. We assume that dividends are paid to the shareholders according to admissible strategies whose dividend rate is bounded by a constant. The objective is...

This paper studies some asymptotic results for both finite and ultimate ruin probabilities in a discrete time risk model with nonconstant interest rates, under the assumptions that the individual net losses are bivariate upper-tail independent, identically distributed random variables having a...

One important part of designing and manufacturing of the fuel cells is their model identification. The present study proposes an optimal method for optimal parameter estimation of the undetermined parameters in Proton Exchange Membrane Fuel Cells (PEMFCs). The method uses a novel modified...