ENGLISH

Semi-Markov Risk Models for Finance, Insurance and Reliability

By Jacques Janssen , Raimondo Manca

Book information

Publisher
Springer
Year
2010
ISBN
9781441943576, 1441943579
Language
english
Format
PDF
Filesize
3 MB (3658375 bytes)
Edition
1st Edition.
Pages
440\440
Topic
Economy
Library
torrents.ru tech collections 2009-11-14
Time added
2010-02-18 13:16:04

Description

Everyone working in related fields from applied mathematicians to statisticians to actuaries and operations researchers will find this a brilliantly useful practical text. The book presents applications of semi-Markov processes in finance, insurance and reliability, using real-life problems as examples. After a presentation of the main probabilistic tools necessary for understanding of the book, the authors show how to apply semi-Markov processes in finance, starting from the axiomatic definition and continuing eventually to the most advanced financial tools.

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