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

Description: Semi-Markov Risk Models for Finance, Insurance and Reliability by Jacques Janssen, Raimondo Manca Estimated delivery 3-12 business days Format Paperback Condition Brand New Description 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. Publisher Description This book aims to give a complete and self-contained presentation of semi- Markov models with finitely many states, in view of solving real life problems of risk management in three main fields: Finance, Insurance and Reliability providing a useful complement to our first book (Janssen and Manca (2006)) which gives a theoretical presentation of semi-Markov theory. However, to help assure the book is self-contained, the first three chapters provide a summary of the basic tools on semi-Markov theory that the reader will need to understand our presentation. For more details, we refer the reader to our first book (Janssen and Manca (2006)) whose notations, definitions and results have been used in these four first chapters. Nowadays, the potential for theoretical models to be used on real-life problems is severely limited if there are no good computer programs to process the relevant data. We therefore systematically propose the basic algorithms so that effective numerical results can be obtained. Another important feature of this book is its presentation of both homogeneous and non-homogeneous models. It is well known that the fundamental structure of many real-life problems is n- homogeneous in time, and the application of homogeneous models to such problems gives, in the best case, only approximated results or, in the worst case, nonsense results. Author Biography Jacques Janssen is a professor at the Solvay Business School in Brussels, Belgium, and a director at Jacan Insurance and Finance Services. He is also chairman of the International Applied Stochastic Models and Data Analysis committee. Raimondo Manca is a professor of mathematics for economics at the University of Rome-La Sapienza. Ernesto Volpe is a professor of financial mathematics at the University of Rome-La Sapienza. Details ISBN 1441943579 ISBN-13 9781441943576 Title Semi-Markov Risk Models for Finance, Insurance and Reliability Author Jacques Janssen, Raimondo Manca Format Paperback Year 2010 Pages 430 Edition 1st Publisher Springer-Verlag New York Inc. GE_Item_ID:151473770; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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ISBN-13: 9781441943576

Book Title: Semi-Markov Risk Models for Finance, Insurance and Reliability

Number of Pages: Xviii, 430 Pages

Language: English

Publication Name: Semi-Markov Risk Models for Finance, Insurance and Reliability

Publisher: Springer

Subject: Economic History, Probability & Statistics / Stochastic Processes, Probability & Statistics / General, Decision-Making & Problem Solving, Management Science, Insurance / Risk Assessment & Management, Applied

Publication Year: 2010

Item Weight: 24.1 Oz

Type: Textbook

Item Length: 9.3 in

Author: Jacques Janssen, Raimondo Manca

Subject Area: Mathematics, Business & Economics

Item Width: 6.1 in

Format: Trade Paperback