Can someone confirm whether this is true or not? I noticed that the paper talks about how MS or MV methods are not renewal additive, but only really shows how to re-allocate the difference (between a method being renewal additive and not renewal additive) for the MV method. Is this true? If so, is it just because the math is so much simpler i.e. we are just allocating the extra 2 x Covariance amount, as opposed to differences in standard deviation?
Mango Renewal Risk Load for Marginal Surplus approach
