Two applications of Brouwer’s fixed point theorem: in insurance and in biology models

DOI10.1080/10236198.2015.1134519zbMATH Open1350.39005arXiv1503.04704OpenAlexW2257115923MaRDI QIDQ2816616FDOQ2816616

Authors: Muhamed Borogovac 

Publication date: 25 August 2016

Published in: Journal of Difference Equations and Applications (Search for Journal in Brave)

Abstract: In the first part of the article, a new interesting system of difference equations is introduced. It is developed for re-rating purposes in general insurance. A nonlinear transformation $varphi$ of a d-dimensional $(dge2)$ Euclidean space is introduced that enables us to express the system in the form $f^{t+1}:=varphi(f^t),,t=0,,1,,2,,ldots$. Under typical actuarial assumptions, existence of solutions of that system is proven by means of Brouwer's fixed point theorem in normed spaces. In addition, conditions that guarantee uniqueness of a solution are given. The second, smaller part of the article is about Leslie-Gower's system of $dge2$ difference equations. We focus on the system that satisfies conditions consistent with weak inter-specific competition. We prove existence and uniqueness of the equilibrium of the model under surprisingly simple and very general conditions. Even though the two parts of this article have applications in two different sciences, they are connected with similar mathematics, in particular by our use of Brouwer's Fixed point Theorem.

Full work available at URL: https://arxiv.org/abs/1503.04704

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zbMATH Keywords

convergenceBrouwer fixed point theoremsuccessive approximationssystem of rational difference equationsBeverton-Holt equationinsurance theoryLeslie-Gower methodloss-ratio method

Mathematics Subject Classification ID

Fixed-point theorems (47H10) Multiplicative and other generalized difference equations (39A20) Numerical methods for difference equations (65Q10)

Cites Work

• Global stability in a multi-species periodic Leslie–Gower model

Cited In (4)

• The Brouwer fixed point theorem applied to rumour transmission
• Marginal-sum equations and related fixed-point problems
• Title not available (Why is that?)
• Research on actual or industrial applications of difference equations: a chimerical task?

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