“…It can be shown Liang and Huang, 2011;Liang and Sun, 2011;Schmidli, 2008) that the limiting Lundberg model for large portfolios can be approximated by the diffusion process. Due to the unrealistic nature of the Lundeberg model, several extensions have been proposed and investigated in both the diffusion model setting and the Lundeberg setting, see for example, , Choulli et al (2001), Taksar (1998b, 1998c), Taksar et al (2013), Tsoularis (2014) and Zhang (2012). An excellent survey of recent works on optimal dividend control policies can be found in Asmussen and Taksar (1999), Choulli et al (2001), Hojgaard and Taksar (1998a) and references therein.…”