IEEE - Institute of Electrical and Electronics Engineers, Inc. - Financial valuation and optimal strategy for retirement benefits in a jump diffusion model

2009 IEEE International Conference on Control and Automation (ICCA)

Author(s): Baojun Bian ; Quan Yuan ; Hui Zhang
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 December 2009
Conference Location: Christchurch, New Zealand, New Zealand
Conference Date: 9 December 2009
Page(s): 2,233 - 2,236
ISBN (CD): 978-1-4244-4707-7
ISBN (Paper): 978-1-4244-4706-0
DOI: 10.1109/ICCA.2009.5410435
Regular:

We consider a defined benefit pension plan with the option of early retirement in a jump-diffusion model. The retirement benefits depend on the salary at the time of retirement, but with... View More

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