expenses

expenses(t)

Expenses

Expenses during the period from t to t+1 defined as the sum of acquisition expenses and maintenance expenses. The acquisition expenses are modeled as expense_acq() times pols_new_biz(). The maintenance expenses are modeled as expense_maint() times inflation_factor() times pols_if_at() before decrement.

See also

• expense_acq()

• expense_maint()

• inflation_factor()

• pols_new_biz()

• pols_if_at()