Some bivariate Schur-constant distributions and application to life insurance

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dc.contributor.authorTuncel, Altan
dc.contributor.authorAslan, Tugba Aktas
dc.date.accessioned2025-01-21T16:44:26Z
dc.date.available2025-01-21T16:44:26Z
dc.date.issued2025
dc.departmentKırıkkale Üniversitesi
dc.description.abstractSchur-constant models play a particular role when modelling time in fields such as actuarial science, insurance, reliability and survival models. These models describe random lifetimes with a certain dependence. In this study, a relation between proportional hazard rate distributions and Schur-constant models is established. Bivariate Schur-constant models, whose marginals are proportional hazard rate distributed, are introduced. Then, the dependency analysis in life insurances is performed through Schur-constant and copula models. It is revealed that there are differences in pricing when individuals' future lifetimes are dependent.
dc.identifier.doi10.1016/j.cam.2024.116296
dc.identifier.issn0377-0427
dc.identifier.issn1879-1778
dc.identifier.scopus2-s2.0-85205509733
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.cam.2024.116296
dc.identifier.urihttps://hdl.handle.net/20.500.12587/25459
dc.identifier.volume457
dc.identifier.wosWOS:001333203000001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofJournal of Computational and Applied Mathematics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241229
dc.subjectSchur-constant model; Archimedean copula; Proportional hazard rate model; Dependency; Life insurance; Survival analysis
dc.titleSome bivariate Schur-constant distributions and application to life insurance
dc.typeArticle

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