Continuous-time affine mortality models are useful in the analysis of age-cohort mortality rates as they yield a closed-form expression for survival curves which are consistent with the dynamics of latent factors driving mortality and are well-suited for finance and insurance applications. We...

This paper considers the lifetime asset allocation problem with both idiosyncratic and systematic longevity risks, in which the stochastic mortality model is given by a general diffusion process. A wage earner can invest in a zero-coupon bond, a stock and a longevity bond, consume part of his...

Intelligent manufacturing offers opportunities for green technology innovation at a low cost, helps eliminate outdated equipment, and improves pollution efficiency, which is essential for environmental protection. From the perspective of the industrial sector, based on the data of 269 Chinese...