Postal Simple Life Insurance of Claim Payment Simulated and Government Bond Portfolio Investment - Cash Matching Strategies Structured

• Main Authors: Wen-Wei,Leu, 呂文偉
• Other Authors: Soushan Wu
• Format: Others
• Language: zh-TW
• Published: 1996
• Online Access: http://ndltd.ncl.edu.tw/handle/03008279691862883618

碩士 === 國立交通大學 === 管理科學研究所 === 84 === Postal Simple Life Insurance of Claim Payment has been applying in the past years, which was not specific planning. The research will plan to Claim Payment for seven years, which will simulate a planning and make one Period of semiannual for liability schedule. Cash Matching is structured a Government Bond Portfolio Investment, which is able to look for a lower cost and risk. That is, my primary issue. The research will apply in Dedication Techniques for Cash Matching Strategies. Which are Pure Cash Matching Strategy, Dedication with Cash Reinvestment Strategy and Dedication with Cash Borrowing and Reinvestment Strategy. The strategy details for ten models and applies in software (SAS OR) of Operations Research, which we try to find a lower cost among ten models, and we apply in Scenario Analysis to slect a lower risk Portfolio Investment. The research is positive conclusion, which is Dedication with Cash Borrowing Reinvestment Strategy of model C. We find a lower cost and risk Portfolio Investment among ten models. The result is consistent with T. Dessa Fabozzi Tom Tong and Yu Zhu professors, and they think that it is a lower cost Sym- metric Cash Matching Strategy than Pure Cash Matching Strategy. In addition, the result is also consistent with Randall S. Hiller and Christian Schaack professors, and they think that it is a lower cost Dedication with Cash Borrowing Reinvestment strategy than Pure Cash Matching Strategy and Dedication with Cash Reinvestment Strategy. Therefore, the conclusion is not only applied in plan Postal Simple Life Insurance of Claim Payment but also support above conclusion of professors.