This paper introduces a target benefit pension (TBP) model that incorporates longevity risk and stochastic interest rate. Previous models have not considered the dynamic nature of remaining lifetime, and this paper proposes an Ornstein-Uhlenbeck (OU) process to simulate average remaining...

Crime changes have been reported as a result of human routine activity shifting due to containment policies, such as stay-at-home (SAH) mandates during the COVID-19 pandemic. However, the way in which the manifestation of crime in both space and time is affected by dynamic human activities in...

This paper studies an optimal investment and consumption problem for an individual whose employment state is driven by an inhomogeneous Markov chain. We consider two types of individuals distinguished by whether they take the risk of unemployment into consideration when making decisions to...

Multifunctional nanoagents with simultaneous bioimaging and photothermal/chemodynamic/drug-delivering functions have great advantages in synergistic cancer theranostic, but the design and preparation of such nanoagents remain challenging. Herein, with porous Cu-based metal-organic framework...