The mean chance of ultimate ruin time in random fuzzy insurance risk model
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In this paper, we study a modified risk model in which both the claim amount and premium are assumed to be random fuzzy variables. In this risk model, some new theorems concerning the mean chance of ultimate ruin time are proved in two cases where the initial surplus is zero and nonzero. Finally, a numerical example is mentioned to illustrate the method.
KeywordsRisk model Renewal process Random fuzzy variable Mean chance of ruin
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Conflict of interest
The authors declare that they have no conflict of interest.
This article does not contain any studies with human participants or animals performed by any of the authors.
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