Fuzzy Approach to Interest Rate in Mathematics of Actuarial Science and Finance

Please use this identifier to cite or link to this item: http://inet.vidyasagar.ac.in:8080/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]

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