{"id":"https://openalex.org/W4410385542","doi":"https://doi.org/10.1080/00207179.2025.2503304","title":"The optimal asset allocation of DB-Paygo pension with liabilities under the uncertainty theory","display_name":"The optimal asset allocation of DB-Paygo pension with liabilities under the uncertainty theory","publication_year":2025,"publication_date":"2025-05-15","ids":{"openalex":"https://openalex.org/W4410385542","doi":"https://doi.org/10.1080/00207179.2025.2503304"},"language":"en","primary_location":{"id":"doi:10.1080/00207179.2025.2503304","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207179.2025.2503304","pdf_url":null,"source":{"id":"https://openalex.org/S88061139","display_name":"International Journal of Control","issn_l":"0020-7179","issn":["0020-7179","1366-5820"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Control","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5006126476","display_name":"Lingyun Wei","orcid":null},"institutions":[{"id":"https://openalex.org/I96908189","display_name":"Xinjiang University","ror":"https://ror.org/059gw8r13","country_code":"CN","type":"education","lineage":["https://openalex.org/I96908189"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Lingyun Wei","raw_affiliation_strings":["Xinjiang University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xinjiang University","institution_ids":["https://openalex.org/I96908189"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100431743","display_name":"Wei Liu","orcid":"https://orcid.org/0000-0002-1419-8877"},"institutions":[{"id":"https://openalex.org/I96908189","display_name":"Xinjiang University","ror":"https://ror.org/059gw8r13","country_code":"CN","type":"education","lineage":["https://openalex.org/I96908189"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Wei Liu","raw_affiliation_strings":["Xinjiang University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xinjiang University","institution_ids":["https://openalex.org/I96908189"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5117550973","display_name":"Aifen Ji","orcid":null},"institutions":[{"id":"https://openalex.org/I96908189","display_name":"Xinjiang University","ror":"https://ror.org/059gw8r13","country_code":"CN","type":"education","lineage":["https://openalex.org/I96908189"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Aifen Ji","raw_affiliation_strings":["Xinjiang University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xinjiang University","institution_ids":["https://openalex.org/I96908189"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100318132","display_name":"Wei Li","orcid":"https://orcid.org/0000-0002-2133-9287"},"institutions":[{"id":"https://openalex.org/I96908189","display_name":"Xinjiang University","ror":"https://ror.org/059gw8r13","country_code":"CN","type":"education","lineage":["https://openalex.org/I96908189"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Wei Li","raw_affiliation_strings":["Xinjiang University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xinjiang University","institution_ids":["https://openalex.org/I96908189"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5100431743"],"corresponding_institution_ids":["https://openalex.org/I96908189"],"apc_list":null,"apc_paid":null,"fwci":3.2537,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.89935599,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":97},"biblio":{"volume":"99","issue":"1","first_page":"149","last_page":"163"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12011","display_name":"Insurance, Mortality, Demography, Risk Management","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/3317","display_name":"Demography"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12011","display_name":"Insurance, Mortality, Demography, Risk Management","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/3317","display_name":"Demography"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.991100013256073,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9872999787330627,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pension","display_name":"Pension","score":0.7569206953048706},{"id":"https://openalex.org/keywords/asset-allocation","display_name":"Asset allocation","score":0.528688371181488},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.4835512340068817},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.4688642621040344},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.41531237959861755},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4136122465133667},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.36773979663848877},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3496817350387573},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3244151473045349},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3211216628551483},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.267341673374176},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.15493133664131165},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.1204855740070343}],"concepts":[{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.7569206953048706},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.528688371181488},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4835512340068817},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4688642621040344},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.41531237959861755},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4136122465133667},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36773979663848877},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3496817350387573},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3244151473045349},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3211216628551483},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.267341673374176},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.15493133664131165},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.1204855740070343}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/00207179.2025.2503304","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207179.2025.2503304","pdf_url":null,"source":{"id":"https://openalex.org/S88061139","display_name":"International Journal of Control","issn_l":"0020-7179","issn":["0020-7179","1366-5820"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Control","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.46000000834465027,"display_name":"Reduced inequalities","id":"https://metadata.un.org/sdg/10"}],"awards":[{"id":"https://openalex.org/G5346755454","display_name":null,"funder_award_id":"2024D01C39","funder_id":"https://openalex.org/F4320311028","funder_display_name":"Natural Science Foundation of Xinjiang Province"}],"funders":[{"id":"https://openalex.org/F4320311028","display_name":"Natural Science Foundation of Xinjiang Province","ror":null}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W596923505","https://openalex.org/W1961069153","https://openalex.org/W1988936876","https://openalex.org/W1994157038","https://openalex.org/W2048207845","https://openalex.org/W2081431450","https://openalex.org/W2091403477","https://openalex.org/W2127740852","https://openalex.org/W2146063748","https://openalex.org/W2164846293","https://openalex.org/W2170707681","https://openalex.org/W2591653435","https://openalex.org/W2669458394","https://openalex.org/W2775340953","https://openalex.org/W3044709801","https://openalex.org/W3121342156","https://openalex.org/W3121526064","https://openalex.org/W4206830167","https://openalex.org/W4210585521","https://openalex.org/W4226227926","https://openalex.org/W4234521054","https://openalex.org/W4281252219","https://openalex.org/W4283069917","https://openalex.org/W4324087988","https://openalex.org/W4387469773","https://openalex.org/W4392128386","https://openalex.org/W6618064151","https://openalex.org/W6647407857","https://openalex.org/W6678868654"],"related_works":["https://openalex.org/W2051162887","https://openalex.org/W2116906420","https://openalex.org/W631697784","https://openalex.org/W4388085739","https://openalex.org/W1974607653","https://openalex.org/W4232393369","https://openalex.org/W1968275569","https://openalex.org/W3019996211","https://openalex.org/W4375841898","https://openalex.org/W2332156480"],"abstract_inverted_index":{"This":[0],"paper":[1],"explores":[2],"the":[3,26,41,44,83,87,96,111],"optimal":[4,19,117],"asset":[5,35],"allocation":[6],"problem":[7],"for":[8],"Defined":[9],"Benefit-Pay":[10],"as":[11],"you":[12],"go":[13],"(DB-Paygo)":[14],"pension":[15,27],"plans":[16],"under":[17],"uncertain":[18,51,73,93],"control":[20,94],"theory.":[21],"It":[22],"is":[23,47,55,75,80,107],"assumed":[24],"that":[25],"plan":[28],"manager":[29],"invests":[30],"funds":[31],"in":[32],"a":[33,37,58,62,67],"risk-free":[34],"and":[36,61,99],"risky":[38,45],"asset,":[39],"where":[40],"price":[42],"of":[43,86,113],"assets":[46],"characterised":[48],"by":[49,57,71],"an":[50,72],"differential":[52],"equation":[53],"which":[54],"driven":[56,70],"Liu":[59],"process":[60,69,74],"V-n":[63],"jump":[64],"process.":[65],"Additionally,":[66],"liability":[68],"introduced.":[76],"The":[77],"primary":[78],"objective":[79],"to":[81,109],"minimise":[82],"pessimistic":[84],"value":[85],"quadratic":[88],"loss":[89],"function.":[90],"By":[91],"employing":[92],"theory,":[95],"optimality":[97,100],"principle":[98],"equations":[101],"are":[102],"derived.":[103],"Furthermore,":[104],"sensitivity":[105],"analysis":[106],"conducted":[108],"assess":[110],"impact":[112],"crucial":[114],"factors":[115],"on":[116],"strategies.":[118]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-06-15T08:34:33.830935","created_date":"2025-10-10T00:00:00"}
