Before revision:  The objective is to maximize the sum of the expected cumulative discounted dividend payments received until the moment of ruin and a penalty payment at the moment of ruin  which is an increasing function of the size of the shortfall at ruin;
After revision:  The objective is to maximize the sum of the expected cumulative discounted dividend payments received until the moment of ruin and a penalty payment at the moment of ruin , which is an increasing function of the size of the shortfall at ruin;