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OverviewQuantitative finance has become these last years a extraordinary field of research and interest as well from an academic point of view as for practical applications. At the same time, pension issue is clearly a major economical and financial topic for the next decades in the context of the well-known longevity risk. Surprisingly few books are devoted to application of modern stochastic calculus to pension analysis. The aim of this book is to fill this gap and to show how recent methods of stochastic finance can be useful for to the risk management of pension funds. Methods of optimal control will be especially developed and applied to fundamental problems such as the optimal asset allocation of the fund or the cost spreading of a pension scheme. In these various problems, financial as well as demographic risks will be addressed and modelled. Full Product DetailsAuthor: Pierre Devolder , Jacques Janssen , Raimondo MancaPublisher: ISTE Ltd and John Wiley & Sons Inc Imprint: ISTE Ltd and John Wiley & Sons Inc Dimensions: Width: 16.30cm , Height: 3.30cm , Length: 24.10cm Weight: 0.839kg ISBN: 9781848212046ISBN 10: 1848212046 Pages: 320 Publication Date: 27 January 2012 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationPierre De Volder, Full-time Professor, UCL; President of the Institut des Sciences Actuarielles, UCL; Member of The Royal Association of Belgian Actuaries (ARAB / KVBA). Jacques Janssen, Universite Libre de Bruxelles. Raimondo Manca, Università degli Studi di Roma La Sapienza. Tab Content 6Author Website:Countries AvailableAll regions |
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