Accession Number : AD0607800

Title :   THE OPTIMAL MANAGEMENT POLICY OF AN INSURANCE COMPANY,

Corporate Author : CALIFORNIA UNIV LOS ANGELES

Personal Author(s) : Borch,Karl

Report Date : SEP 1964

Pagination or Media Count : 25

Abstract : This paper discusses some of the decision problems which occur in insurance companies. It indicates how these problems may be solved by combining the familiar ideas of actuarial mathematics with those of modern theories of scientific management. In general, management has some rules as to how these decisions shall be made. These rules are referred to as the management policy of the company.

Descriptors :   (*MANAGEMENT PLANNING AND CONTROL, MONEY), (*PROBABILITY, MANAGEMENT PLANNING AND CONTROL), (*ECONOMICS, PROBABILITY), OPTIMIZATION, MATHEMATICAL MODELS, DIFFERENCE EQUATIONS, EQUATIONS, FUNCTIONS(MATHEMATICS), MATHEMATICAL ANALYSIS, OPERATIONS RESEARCH

Distribution Statement : APPROVED FOR PUBLIC RELEASE