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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Optimal
Control Of An Income Contingent Student Loan System |
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Authors: |
Edina Berlinger, László Gerencsér, Zalán Mátyás, Miklós Rásonyi |
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Published in:
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ECMS
2007 Proceedings Edited
by: Ivan Zelinka, Zuzana Oplatkova, Alessandra Orsoni ISBN:
978-0-9553018-2-7 Doi: 10.7148/2007 21st European
Conference on Modelling and Simulation, Prague, June
4-6, 2007 |
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Citation
format: |
Berlinger, E., Gerencser,
L., Matyas, Z., & Rasonyi,
M. (2007). Optimal Control Of An Income Contingent Student Loan System. ECMS
2007 Proceedings edited by: I. Zelinka, Z. Oplatkova, A. Orsoni
(pp. 235-240). European Council for Modeling and Simulation. doi:10.7148/2007-0235 |
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DOI: |
http://dx.doi.org/10.7148/2007-0235 |
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Abstract: |
A
description and a stochastic model for income- contingent loan systems is presented. The creditor’s risk is investigated in terms
of the two basic control parameters of the model, the risk premium and the
repayment quotient. Self-financing of the system is de- fined
and visualized using simulation techniques. An optimal parameter setting is
proposed to reach zero- profit operation. |
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Full
text: |
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