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Semi-Markov Risk Models for Finance, Insurance and Reliability by Jacques Janssen 9780387707297
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Semi-Markov Risk Models for Finance, Insurance and Reliability by Jacques Janssen 9780387707297

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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.

Book Information
ISBN 9780387707297
Author Jacques Janssen
Format Hardback
Page Count 430
Imprint Springer-Verlag New York Inc.
Publisher Springer-Verlag New York Inc.
Weight(grams) 1770g

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