Underlying the difficulties of finding solutions to these problems lie some fundamental theoretical results. These shed light on what is going on and help guide us towards formulations for IP problems which are more likely to work. The central problem in integer programming arises from the intersection of decisions.
Insurance Contracts. An insurance contract is a document representing the agreement between an insurance company and the insured. Central to any insurance contract is the insuring agreement, which specifies the risks that are covered, the limits of the policy, and the term of the policy.bviously, the contents of an insurance contract depends on the type of policy, what the insurance applicant wants, and how much he is willing to pay. The details of insurance policies are covered in Standard Insurance Policies.
1CHAPTER 34VALUING FUTURES AND FORWARD CONTRACTSA futures contract is a contract between two parties to exchange assets or servicesat a specified time in the future at a price agreed upon at the time of the contract.ow a Futures Contract works There are two parties to every futures contract-the seller of the contract, whoagrees to deliver the asset at the specified time in the future, and the buyer of the contract,who agrees to pay a fixed price and take delivery of the asset.