Semi-Markov Risk Models for Finance, Insurance and Reliability
  • Release Date : 15 May 2007
  • Publisher : Springer Science & Business Media
  • Genre : Mathematics
  • Pages : 430 pages
  • ISBN 13 : 9780387707303
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Download or read book entitled Semi-Markov Risk Models for Finance, Insurance and Reliability by author: Jacques Janssen which was release on 15 May 2007 and published by Springer Science & Business Media with total page 430 pages . This book available in PDF, EPUB and Kindle Format. 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.