Semi-Markov Risk Models for Finance, Insurance and Reliability
Download or Read eBook Semi-Markov Risk Models for Finance, Insurance and Reliability PDF written by Jacques Janssen and published by Springer Science & Business Media. This book was released on 2007-05-15 with total page 441 pages. Available in PDF, EPUB and Kindle.
| Author | : Jacques Janssen |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 441 |
| Release | : 2007-05-15 |
| ISBN-10 | : 9780387707303 |
| ISBN-13 | : 0387707301 |
| Rating | : 4/5 (03 Downloads) |
Book Synopsis Semi-Markov Risk Models for Finance, Insurance and Reliability by : Jacques Janssen
Book excerpt: 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.
