# Actuarial Science Research Papers/Topics

##### Deterministic mathematical model for fish harvesting

Abstract/Overview Differential equations have been used to create mathematical models of real world systems in which rates of change are involved, for example in the study of how population grows or shrinks. One of the earliest models by Thomas Malthus has been found to be unrealistic since it predicts that population will grow exponentially and without bound – a prospect that defies physical limitations. Verhulst in his logistic population model developed a generalized version of the M...

10 PAGES (4765 WORDS)
##### Mathematical modelling of HIV infection

Abstract/Overview We formulate a deterministic mathematical model for the HIV/AIDS.

11 PAGES (5199 WORDS)
##### Mathematical model for co-infection of HIV/AIDS and pneumonia with treatment

Abstract/Overview Pneumonia occurs commonly in HIV-infected patients. In this paper, we study a simple mathematical model for the co-infection of HIV/AIDS and Pneumonia. We establish that the model is well presented epidemiologically and mathematically. The disease-free equilibrium point is determined. We establish the basic reproduction number R0 for the model, which is a measure of the course of co-infection.

6 PAGES (2497 WORDS)
##### Optimal Allocation in Double Sampling for Stratification in the Presence of Nonresponse and Measurement Errors

Abstract/Overview The present study addresses the problem of minimum cost and precision in the estimation of the population mean in the presence of nonresponse and measurement errors. It is assumed that both the survey variable and the auxiliary variable suffer from nonresponse and measurement errors in the second phase sample. A ratio, exponential ratio-ratio type, and exponential product-ratio type estimators of the population mean are proposed using the information on a single auxiliar...

8 PAGES (4678 WORDS)
##### Volatility Estimation Using European-Logistic Brownian Motion with Jump Diffusion Process

Abstract/Overview Volatility is the measure of how we are uncertain about the future of stock or asset prices. Black-Scholes model formed the foundation of stock or asset pricing. However, some of its assumptions like constant volatility and interest among others are practically impossible to implement hence other option pricing models have been explored to help come up with a much reliable way of predicting the price trends of options. The measure of volatility and good forecasts of futu...

9 PAGES (4509 WORDS)
##### Lie Symmetry Analysis of Modified Diffusive Predator-prey Competition System of Equations

Abstract/Overview In this paper, a nonlinear fourth order evolution equation is investigated by the Lie symmetry analysis approach. All the geometric vector fields and the Lie groups of the evolution equation are obtained. Finally, the symmetry reduction and the exact solutions of the equation are obtained by means of power series method.

7 PAGES (5188 WORDS)
##### Formulating Black Scholes Equation Using a Jump Diffusion Heston’s Model

Abstract/Overview In modern financial mathematics, accurate values are obtained by taking into account a considerable number of more realistic assumptions in logistic Black Scholes equation. The aspects considered here are cost of transactions in trading, perfect illiquid markets and risks that occur from non – protected portfolio or large investments that have a lot of impact on price of the assets, volatility, the percentage drift and the life of the portfolio itself. In modern world ...

6 PAGES (3243 WORDS)
##### Characterization of Topological Fuzzy Sets in Hausdorff Spaces

Abstract/Overview In this paper, we have characterized big data fuzzy sets and shown that topological data points form singleton fuzzy sets which are closed. Besides, fuzzy sets of topological data points are compact and have at least one closed point. We have also shown that the fuzzy set of all condensation points of a fuzzy Hausdorff space is infinite and the cardinality of a topological data fuzzy set is also infinite and arbitrarily distributed in fuzzy Hausdorff spaces.

5 PAGES (2614 WORDS)
##### Extensions of Lefkovitch Matrix for Modeling Invasive Cestrum Aurantiacum Population Dynamics

Abstract/Overview Modeling of invasive species using stage based matrix methods can be exploited to understand population dynamics of plants using stage based Leftkovitch matrix models. This study reviewed and extended the stage based matrix incorporating invasion variables of invasive Cestrum aurantiacum across different forest types, ecological zones and altitudes. The estimation of eigenvalues of the extended stage based Lefkovitch matrix and its corresponding right and left eigenvecto...

8 PAGES (3051 WORDS)
##### On the Effects of Motocycle Accidents and its Trends (A Case of Kenya)

Abstract/Overview This study analyzes recent data of accidents’ prevalence in Kenya and investigates whether there might be new trends in areas formerly not prone to accidents. Polynomials of order 6 are found best suited for accidents’ prevalence data. The graphs show that seasonal variations explain over 90% of prevalence in Central, Eastern, Nyanza, Rift-Valley and Western Provinces. The highest variation is in Nyanza with 98.54% of the prevalence rate explained by the seasonal var...

14 PAGES (4716 WORDS)
##### The Actuarial Conditions for the Valuation of Pension Liability to Become Zero Under Minimum Funding Standard Architecture

Abstract Pension  valuation  exercises  for  a  defined  benefit  scheme  requires  an  appraisal  of  both  the  schemes  assets  and  its  liabilities  in  different  circumstances.  The  valuations  are  required  to  comply  with  regulatory standards, most notably the minimum funding standard. The objectives of this study are: (i) to compute  the  estimate  of  minimum  funding  standard  of  pension  liability  (ii)  to  establish  the  actuari...

18 PAGES (7290 WORDS)
##### Marshall–Olkin Power Lomax Distribution For Modeling Of Wind Speed Data

Accurate collection of wind speed records is significant for numerous wind power applications. The present investigation aims to highlight the use of the Marshall–Olkin Power Lomax (MOPLx) distribution for wind speed data. We examine the actual wind speed records gathered from three stations Bahawalpur, Gwadar, and Haripur. The dataset is demonstrated by using MOPLx distribution and compare its modeling performance with renowned probability distributions, for example, Weibull– Lomax, powe...

6 PAGES (3557 WORDS)
##### On mathematical models for pension fund optimal selection strategies

Pension, being regular payments made to retirees or their beneficiaries after retiring from active service, needs efficient and effective management because of the funds involved as the living standard of the retirees and their dependants rest on it after retirement. In attempt to maximize the wealth of pension contributors, the investors may end up losing the pension fund assets because higher returns on investment go hand in hand with higher risk of loss of invested contributions/savings. T...

35 PAGES (9070 WORDS)
##### A review of mortality differential

A REVIEW OF MORTALITY DIFFERENTIALS. Abere, OmotayoJohncally([email protected]) Department of Actuarial Science & Insurance, University of Lagos Nigeria Mojekwu, Joseph Nnamdi (Corresponding Author) Department of Actuarial Science & Insurance, University of Lagos Nigeria E-mail: [email protected]   Abstract. Introduction: Mortality differentials can be described as those determinants or indicators that measure relative differences in the timing of death between different groups. They m...

24 PAGES (8983 WORDS)
##### Assessing the Awareness Level of Actuarial Science Among Staff and Students of Nigerian Universities: A Study of University of Jos.

With its recent introduction as a course of study in the University of Jos, the number of students applying to study actuarial science in the University remains dismally low. This study was designed to assess the awareness level of actuarial science in the University of Jos community. Primary dataobtained with a semi-structured questionnaire administered on 280 respondents comprising academic and non-academic staff and students was analyzed using Descriptive statistical techniques. The study...

12 PAGES (5798 WORDS)

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