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EPV Benefits and Transition Rates Analysis

The document contains mathematical calculations related to the expected present value (EPV) of benefits and transition rates for different categories (α, β, γ). It includes integrals and logarithmic functions to derive the transition rates based on given probabilities. Additionally, there is an incomplete section labeled 'Ans 3' indicating further calculations or equations are to be provided.

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39 views1 page

EPV Benefits and Transition Rates Analysis

The document contains mathematical calculations related to the expected present value (EPV) of benefits and transition rates for different categories (α, β, γ). It includes integrals and logarithmic functions to derive the transition rates based on given probabilities. Additionally, there is an incomplete section labeled 'Ans 3' indicating further calculations or equations are to be provided.

Uploaded by

sarthakgarg0401
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

BOOKLET −10 [ CHAPTER−21 ] ATTEMPT−1 ¿

Ans 1.

EPV of benefits
20
50000∫ v ( tp 40 ( HH ) ) ( μ40+t +σ 40+t ) dt
t

20
50000∫ ( 1.05 ) ( e ) ( 0.008 ) dt
−t −0.008 t

50000 ( 0.008 )
[( ( 1.05 −1
) ( e−0.008 ) ) −1 ]
20

ln ( 1.05−1 e−0.008 )
4781.363

Ans2.

Let transition rate of α , β∧γ be x , y , z

hence ,
α −x
q x =1−e
β −y
q x =1−e
γ −z
q x =1−e

so ,

x=−ln ( 1−q αx )

y=−ln ( 1−q βx )

z=−ln ( 1−q γx )

so ,

ln ( 1−q αx )
( aq )αx =
ln ( 1−q ) + ln ( 1−q
α β
)+ ln ( 1−q )
γ ( 1−(( 1−q )(1−q )(1−q )) )
α
x
β
x
γ
x
x x x

Ans 3.

Type equation here .

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