A stochastic simulation procedure for pension schemes (Q1117660)

This paper deals with the calculation of some quantities concerning pension schemes by means of stochastic simulation. A very simple procedure, suitable for a typical pension scheme model, is here proposed. It supplies us with a noteworthy time-saving calculation tool, as opposed to a simulation procedure based on a different approach. Comparisons between the calculation times required in numerical experiences by these two different procedures, as well as some results thereby obtained, are then presented.