Pension funding and optimal control. (English) Zbl 0713.62106
Summary: It is shown how the costs for pension funding can be determined by means of optimal control theory in order to charge all generations equally, taking into account a required level of funding.
MSC:
| 62P05 | Applications of statistics to actuarial sciences and financial mathematics |
| 49J22 | Optimal control problems with integral equations (existence) (MSC2000) |
