Kitamura, Yuto; Kudo, Yuta; Shimoshimizu, Makoto; Goto, … - In: Risks : open access journal 14 (2026) 4, pp. 1-10
This paper derives a closed-form expression for the expected discounted value of aggregate cash flows when arrival times follow a Poisson process but both the time horizon and the number of arrivals are finite. The result provides a tractable analytical formula for the expected discounted sum...