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Semi-Markov Risk Models for Finance, Insurance and Reliability

Name: Semi-Markov Risk Models for Finance, Insurance and Reliability
Brand: Springer-Verlag New York Inc.
SKU: 01382381
Price: 109.29 EUR
Availability: InStock
Author: Jacques Janssen
ISBN: 9780387707297

Jacques Janssen

Raimondo Manca

Lingua

Inglese

Libro Rigido

Codice Libristo: 01382381

Casa editrice Springer-Verlag New York Inc., marzo 2007

This book presents applications of semi-Markov processes in finance, insurance and reliability, usin... Descrizione completa

Codice Libristo: 01382381

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109.29 €

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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.