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Fuzzy Formulation of the Lee-Carter Model for the Mortality Forecasting with Age-Specific Enhancement

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International Conference on Oriental Thinking and Fuzzy Logic

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 443))

Abstract

In this paper, we consider the fuzzy method of Koissi and Shapiro [12] and apply the Lee-Carter model with age-specific enhancement of Renshaw and Haberman [13–15]. The proposed fuzzy formulation of the extended Lee-Carter model is exercised based on mortality data like the mortality of China between 1994 and 2008. We also obtain the predictive mortality rate. The comparative advantages of our proposed fuzzy formulation of the extended Lee-Carter model, relative to the classical Lee-Carter model, are analyzed and discussed.

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Authors and Affiliations

  1. China Institute for Actuarial Science, Central University of Finance and Economics, Beijing, 100081, People’s Republic of China

    Yefu Kou

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  1. Yefu Kou
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Correspondence to Yefu Kou .

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Editors and Affiliations

  1. Guangzhou Vocational Collg. Sci. & Tech., Guangzhou, China

    Bing-Yuan Cao

  2. West Texas A&M University, Canyon,TX,USA, Liaoning Technical University, Fuxin, China

    Pei-Zhuang Wang

  3. Foreign Affairs Office, National Defense University, Beijing, China

    Zeng-Liang Liu

  4. School of Math and Info. Science, Guangzhou University, Guangzhou, China

    Yu-Bin Zhong

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Kou, Y. (2016). Fuzzy Formulation of the Lee-Carter Model for the Mortality Forecasting with Age-Specific Enhancement. In: Cao, BY., Wang, PZ., Liu, ZL., Zhong, YB. (eds) International Conference on Oriental Thinking and Fuzzy Logic. Advances in Intelligent Systems and Computing, vol 443. Springer, Cham. https://doi.org/10.1007/978-3-319-30874-6_18

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  • DOI: https://doi.org/10.1007/978-3-319-30874-6_18

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-30873-9

  • Online ISBN: 978-3-319-30874-6

  • eBook Packages: EngineeringEngineering (R0)

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