Operations Research in Insurance - A review
Patrick L. Brockett and Xiaohau Xia
1995
82 pp

Abstract

Operations research methods have been applied to the modeling and the solutio





n of numerous problems in insurance and actuarial science.  This paper reviews the applications of these operations resarch methods in the insurance industry.  The paper is organized according to the categorization of operations research methods.  Specifically, various mathematical programming models and their applications are first introduced.  Game theory and some new operations resarch approaches are discussed, along with their applications in insuracne and actuarial science.  The paper concludes with a general discussion of developments and trends in operationsh research and insuracne.