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Semi-Markov Risk Models for Finance, Insurance and Reliability (Hardcover)
by Jacques Janssen (Author), Raimondo Manca (Author)
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Hardcover: 430 pages
Publisher: Springer; 1 edition (March 26, 2007)
Language: English
ISBN-10: 0387707298
ISBN-13: 978-0387707297
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Editorial Reviews
Product Description
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.
[此贴子已经被作者于2008-6-25 15:08:10编辑过]


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