Abstract

Abstract In this paper, a stochastic model is developed for the prediction of the employee's cumulative pensionable service over his working life, as a function of his unemployment periods and his completed lengths of service, under a service requirement constraint. Distributional and first passagetime problems are considered for the total pensionable service and a generalized renewal equation is formally solved. Further useful results are obtained and numerical applications are given.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call