Variable Annuities and embedded options: some remarks in a fuzzy logic framework

Variable annuities are investment products offered by Insurance Companies. They allow investors to place assets in mutual funds under the umbrella of a tax-deferred account. The account value of variable annuities fluctuates based on the performance of the selected mutual funds and therefore some risks are involved. Recently there has been a growing interest in using fuzzy numbers to deal with financial uncertainty.

Text Lines and Words Variational Extraction from Ancient Printed Documents

In document image analysis the task of segmenting images of ancient printed documents in distinct elements is known to be a very complex problem. In general, these documents are of low quality and can present skew and degradations because of old printing or ink stains. To face these problems we will show and discuss the validity of the Mumford and Shah variational method, based on the ? convergence theory, along with its numerical handling.

Forensic disk image indexing and search in an HPC environment

We describe a solution for fast indexing and searching within large heterogeneous data sets whose main purpose is to support investigators that need to analyze forensic disk images originated by seizures or created from bodies of evidence. Our approach is based on a combination of techniques aimed at improving efficiency and reliability of the indexing process.We do not rely on existing frameworks like Hadoop but borrow concepts from different contexts including High Performance Computing and Database management.

Profit participation annuities: A business profitability analysis within a demographic risk sensitive approach

The aim of the paper is to analyze the performance of a portfolio of participating life annuities, focusing on the minimum acceptable income level throughout the quantiles of the return distribution. The model, in addition to the necessary consideration of the volatility of financial markets, gives a central role to the impact of the longevity phenomenon.

Multi-Kepler GPU vs. multi-Intel MIC for spin systems simulations

We present and compare the performances of two many-core architectures: the Nvidia Kepler and the Intel MIC both in a single system and in cluster configuration for the simulation of spin systems. As a benchmark we consider the time required to update a single spin of the 3D Heisenberg spin glass model by using the Over-relaxation algorithm. We present data also for a traditional high-end multi-core architecture: the Intel Sandy Bridge.