Semi-Markov Risk Models for Finance, Insurance and Reliability (Google eBook)

Front Cover
Springer Science & Business Media, May 15, 2007 - Business & Economics - 448 pages
0 Reviews
This 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, particularly in insurance and in risk-and-ruin theories. Also considered are reliability problems that interact with credit risk theory in finance. The unique approach of this book is to solve finance and insurance problems with semi-Markov models in a complete way and furthermore present real-life applications of semi-Markov processes.
  

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

0387707301_1_OnlinePDFpdf
1
0387707301_2_OnlinePDFpdf
42
0387707301_3_OnlinePDFpdf
77
0387707301_4_OnlinePDFpdf
131
0387707301_5_OnlinePDFpdf
171
0387707301_6_OnlinePDFpdf
231
0387707301_7_OnlinePDFpdf
281
0387707301_8_OnlinePDFpdf
334
0387707301_9_OnlinePDFpdf
373
0387707301_BookBackmatter_OnlinePDFpdf
407
Copyright

Common terms and phrases

Bibliographic information