New Insurance Economics Findings from Atilim University Outlined (On compound sums under dependence)

By a News Reporter-Staff News Editor at Insurance Weekly News -- Current study results on Economics - Insurance Economics have been published. According to news reporting originating in Ankara, Turkey, by VerticalNews editors, the research stated, "In this paper, we study the compound random variable S = Sigma(N)(t-1) Y-t when there is a dependence between a random variable N and a sequence of random variables {Y-t}(t >= 1)."

The news reporters obtained a quote from the research from Atilim University, "Such a compound random variable has been found to be useful in several fields including actuarial science, risk management, and reliability. In particular, we develop some results on distributional properties of the random variable S when N is a phase-type random variable that is defined on a sequence of binary trials and depends on {Y-t}(t >= 1)."

According to the news reporters, the research concluded: "We 'present illustrative examples and an application for the use of results in actuarial science."

For more information on this research see: On compound sums under dependence. Insurance Mathematics & Economics, 2017;72():228-234. Insurance Mathematics & Economics can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands.

Our news correspondents report that additional information may be obtained by contacting S. Eryilmaz, Atilim Univ, Dept. of Ind Engn, TR-06836 Ankara, Turkey.

Keywords for this news article include: Ankara, Turkey, Eurasia, Insurance Economics, Economics, Atilim University.

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