Stochastic Optimal Control of Financial and Insurance Stochastic Models
The optimal stochastic control of financial and insurance stochastic models such as dynamics of stocks prices and risk processes in semi-Markov random media is investigated The cost functions are introduced and the dynamical programming equations are derived for these systems [137, 143, 151, 133, 131].
KeywordsStock Price Regular Point Admissible Control Bellman Equation Insurance Model
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