Abstract: This paper evaluates the dividend payments for general
claim size distributions in the presence of a dividend barrier. The
surplus of a company is modeled using the classical risk process
perturbed by diffusion, and in addition, it is assumed to accrue interest
at a constant rate. After presenting the integro-differential equation
with initial conditions that dividend payments satisfies, the paper
derives a useful expression of the dividend payments by employing
the theory of Volterra equation. Furthermore, the optimal value of
dividend barrier is found. Finally, numerical examples illustrate the
optimality of optimal dividend barrier and the effects of parameters
on dividend payments.
Abstract: Let p be a prime number, Fp be a finite field, and let k ∈ F*p. In this paper, we consider the number of rational points onconics Cp,k: x2 − ky2 = 1 over Fp. We proved that the order of Cp,k over Fp is p-1 if k is a quadratic residue mod p and is p + 1 if k is not a quadratic residue mod p. Later we derive some resultsconcerning the sums ΣC[x]p,k(Fp) and ΣC[y]p,k(Fp), the sum of x- and y-coordinates of all points (x, y) on Cp,k, respectively.
Abstract: Let k ≥ 1 and t ≥ 0 be two integers and let d = k2 + k be a positive non-square integer. In this paper, we consider the integer solutions of Pell equation x2 - dy2 = 2t. Further we derive a recurrence relation on the solutions of this equation.