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Ferreira, M. A. M. (2024). Infinite Servers Queues and Diffusion Stochastic Processes in Equilibrium and Maintenance Costs of Pensions Funds Study. EasyChair Preprint no. 15436.
M. A. Ferreira, "Infinite Servers Queues and Diffusion Stochastic Processes in Equilibrium and Maintenance Costs of Pensions Funds Study", in EasyChair Preprint no. 15436, Manchester, 2024
@unpublished{ferreira2024_1732207863148, author = "Ferreira, M. A. M.", title = "Infinite Servers Queues and Diffusion Stochastic Processes in Equilibrium and Maintenance Costs of Pensions Funds Study", year = "2024", url = "https://easychair.org/publications/preprint/8LKp" }
TY - EJOUR TI - Infinite Servers Queues and Diffusion Stochastic Processes in Equilibrium and Maintenance Costs of Pensions Funds Study T2 - EasyChair Preprint no. 15436 AU - Ferreira, M. A. M. PY - 2024 CY - Manchester UR - https://easychair.org/publications/preprint/8LKp AB - In this study is depicted a representation of a pensions fund through a stochastic network with two infinite servers ‘nodes. With this representation it is allowed to deduce an equilibrium condition of the system with basis on the identity of the random rates expected values, for which the contributions arrive to the fund and the pensions are paid by the fund. Then, to address situations of imbalance, the generic case of a pensions fund that it is not sufficiently auto financed, and it is thoroughly maintained with an external financing effort is considered in this chapter. To represent the unrestricted reserves value process of this kind of fund, a time homogeneous diffusion stochastic process with finite expected time to ruin is proposed. Then it is projected a financial tool that regenerates the diffusion at some level with positive value every time the diffusion hits a barrier placed at the origin. So, the financing effort can be modeled as a renewal-reward process if the regeneration level is preserved constant. The perpetual maintenance cost expected values and the finite time maintenance cost evaluations are studied. An application of this approach when the unrestricted reserves value process behaves as a generalized Brownian motion process is presented. ER -