A STOCHASTIC FRAMEWORK FOR OPTIMIZING HYBRID PENSION SCHEMES IN NIGERIA: ASSET ALLOCATION AND CONTRIBUTIONS UNDER ECONOMIC REGIMES
This study examines the design, evaluation, and optimization of asset allocation and contribution rates for hybrid pension schemes in Nigeria by integrating Regime-Switching Geometric Brownian Motion (RS-GBM) with Markov Chain models to capture macroeconomic regime dynamics and their impact on pension fund performance....