TY - BOOK AU - Devolder,Pierre AU - Janssen,Jacques AU - Manca,Raimondo TI - Stochastic methods for pension funds T2 - Applied stochastic methods series SN - 9781118565933 AV - HD7105.4 .D48 2012eb U1 - 332.67/2540151923 23 PY - 2012/// CY - London, Hoboken, N.J. PB - ISTE Ltd., Wiley KW - Pension trusts KW - Management KW - Mathematics KW - Financial risk management KW - Mathematical models KW - Stochastic models KW - Electronic books N1 - Includes bibliographical references and index; Introduction: pensions in perspective -- Classical actuarial theory of pension funding -- Deterministic and stochastic optimal control -- Defined contribution and defined benefit pension plans -- Fair and market values and interest rate stochastic models -- Risk modeling and solvency for pension funds -- Optimal control of a defined benefit pension scheme -- Optimal control of a defined contribution pension scheme -- Simulation models -- Discrete time semi-Markov processes (SMP) and reward SMP -- Generalized semi-Markov non-homogeneous models for pension funds and manpower management -- Appendices. Basic probabilistic tools for stochastic modeling -- Itô calculus and diffusion processes -- Bibliography -- Index UR - http://dx.doi.org/10.1002/9781118562031 ER -