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.
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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.
Imprint | Springer-Verlag New York |
Country of origin | United States |
Release date | November 2010 |
Availability | Expected to ship within 10 - 15 working days |
First published | 2007 |
Authors | Jacques Janssen, Raimondo Manca |
Dimensions | 235 x 155 x 23mm (L x W x T) |
Format | Paperback |
Pages | 430 |
Edition | Softcover reprint of hardcover 1st ed. 2007 |
ISBN-13 | 978-1-4419-4357-6 |
Barcode | 9781441943576 |
Categories | |
LSN | 1-4419-4357-9 |