Advertisement

Modeling and Resolution of Consumer Behavior Problem in both Periods Active/Retired

  • Badreddine El Goumi
  • Mohammed El Khomssi
  • Jamali Alaoui Amine
Conference paper
Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 37)

Abstract

Pension fund is an issue for social as well as economic, the political decision is based on a strategic choice to answering the economic, demographic evolution and social stability. The complexity of the issue obliges economists and researchers to solve this problematic by a mathematical models. In this paper, we present an optimization model applied to the pension problem while integrating the behavior of the agent during the two periods active/retired for optimal consumption and budget constraints. We propose in the numerical simulation a comparison between the pension funds functioned with distribution and capitalization to guide the agent in terms of its optimal choice of pension fund.

Keywords

Optimization Equilibrium Active/retired Consumption Budget constraints Pension Decision 

References

  1. 1.
    Benjelloun, S.: Une première évaluation des réformes des retraites au Maroc: Redistribution, inégalités et pauvreté, 4èmes Journees Internationales du Developpement du Gretha-Gres. Inégalités et Développement: Nouveaux Enjeux, Nouvelles Mesures. UNIVERSITE BORDEAUX IV, MONSTESQUIEU, 13–15 June 2012Google Scholar
  2. 2.
    Borsch, A., Ludwig, A., Winter, J.: Ageing, pension reform and capital flows: a multi country simulation model. Economica 73, 625–658 (2006)CrossRefGoogle Scholar
  3. 3.
    Cherkaoui, M.: Vieillissement, transition démographique et crise des systèmes de retraite: cas du Maroc. Université Pierre Mendes, France (2009)Google Scholar
  4. 4.
    Dupuis, J., El Moudden, C.: A Contribution to the Empirics of Economic Growth, Economie des Retraites. Economica, Paris (2002)Google Scholar
  5. 5.
    El Goumi, B., El Khomssi, M., Fikri, M.: Model for the management of pension fund with deterministic and stochastic parameters. IEEE Spectr. J. (2016). ISBN 978-1-4673-8571-8Google Scholar
  6. 6.
    Faleh, A.: Un modèle de programmation stochastique pour l’allocation stratégique d’actifs d’un régime de retraite partiellement provisionné, Caisse des Dépôts et Consignations. ISFA- Université Lyon, 2 Feb 2011. hal-00561965Google Scholar
  7. 7.
    Faleh, A., Planchet, F., Rullire, D.: Les générateurs de scénarios économiques: de la conception la mesure de la qualité. Assurances et gestion des risques 78(1/2), 1–30 (2010)Google Scholar
  8. 8.
    Frauendorfer, K., Jacoby, U., Schwendener, A.: Regimes witching based portfolio selection for pension funds. J. Bank. Financ. 31(2007), 2265–2280 (2007)CrossRefGoogle Scholar
  9. 9.
    Geyer, A., Ziemba, W.T.: The innovest Austrian pension fund financial planning model InnoALM. Oper. Res. 56(2008), 797–810 (2008)MathSciNetCrossRefzbMATHGoogle Scholar
  10. 10.
    Hilli, P., Koivu, M., Pennanen, T., Ranne, A.: A stochastic programming model for asset and liability management of a Finnish pension company. Ann. Oper. Res. 152(2007), 115–139 (2007)MathSciNetCrossRefzbMATHGoogle Scholar
  11. 11.
    Kouwenberg, R.: Scenario generation and stochastic programming models for asset liability management. Eur. J. Oper. Res. 134(2001), 51–64 (2001)MathSciNetzbMATHGoogle Scholar
  12. 12.
    Kusy, M.I., Ziemba, W.T.: A bank asset and liability management model. Oper. Res. 34(3), 356–376 (1986)CrossRefGoogle Scholar
  13. 13.
    Legros, F.: Allongement de l’esprance de vie et choix du systme de retraite. Revue Conomique 53, 809–823 (2002)CrossRefGoogle Scholar
  14. 14.
    Pennacchi, G., Rastad, M.: Portfolio allocation for public pension funds. J. Pension Econ. Financ. 17, 221–245 (2011)CrossRefGoogle Scholar
  15. 15.
    Planchet, F., Thrond, P.E., Kamega, A.: Scnarios conomiques en assurance- Modlisation et simulation. Economica, Paris (2009)Google Scholar
  16. 16.
    Rapport sur le Systme de retraite au Maroc: diagnostic et propositions de rformes. Cour des comptes Royaume du Maroc, Morocco (2013)Google Scholar
  17. 17.
    Talfi, M.: Organisation des systmes de retraites et modlisation des fonds de pension. University Claude Bernard, Lyon (2007)Google Scholar
  18. 18.
    Verniere, L: Les indicateurs de rendement et de rentabilit de la retraite. Branche Retraites de la Caisse des dpts et consignation, pp. 98–107 (1998)Google Scholar

Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Laboratory of Modeling and Scientific Computation, Sciences and Technologies FacultySidi Mohamed Ben Abdellah UniversityFezMorocco

Personalised recommendations