We study a discrete-time interaction risk model with delayed claims within the framework of the compound binomial model. Using the technique of generating functions, we derive both a recursive formula and a defective renewal equation for the expected discounted penalty function. As applications,...

Marine carbon dioxide removal (mCDR) and geological carbon storage in the marine environment (mCS) promise to help mitigate global climate change alongside drastic emission reductions. However, the implementable potential of mCDR and mCS depends, apart from technology readiness, also on...