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https://ir.vidyasagar.ac.in/jspui/handle/123456789/876| Title: | Fuzzy Approach to Interest Rate in Mathematics of Actuarial Science and Finance |
| Authors: | Shahjalal, M Sultana, Abeda Mitra, Nirmal Kanti Khodadad Khan, A.F.M |
| Keywords: | Actuarial mathematics annuity equation of value interval arithmetic fuzzy interest rate fuzzy term structure interest rate |
| Issue Date: | 26-Dec-2013 |
| Publisher: | Vidyasagar University , Midnapore , West-Bengal , India |
| Series/Report no.: | Journal of Physical Science;17 |
| Abstract: | Since state of economy is uncertain, deterministic system of interest rate model is not the satisfactory tool to use in calculating the worth of future financial decision. Interest rate plays a vital rule in study of financial mathematics. In this study usual mathematics of actuary and finance has been derived and investigated taking the interest rate i as a triangular fuzzy number. The method of cuts and interval arithmetic are used to renovate the usual mathematics of actuary and finance into a fuzzy form. The computation has been performed using MATLAB. The main outcome obtained from this study is that computational results using fuzzy interest contains the exact and it is found by taking a rate with grade 1 |
| URI: | http://inet.vidyasagar.ac.in:8080/jspui/handle/123456789/876 |
| ISSN: | 0972-8791 |
| Appears in Collections: | Journal of Physical Sciences Vol.17 [2013] |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| JPS-v17-12.pdf | 320.85 kB | Adobe PDF | View/Open |
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