{"product_id":"semi-markov-risk-models-for-finance-insurance-and-reliability-9780387707297","title":"Semi-Markov Risk Models for Finance, Insurance and Reliability","description":"\u003cp\u003e • Author(s): Jacques Janssen\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer\u003cbr\u003e • BISAC: Probability \u0026amp; Statistics - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eThis 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.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eAudience\u003c\/em\u003e\u003c\/p\u003e \u003cp\u003eThis book is intended for applied mathematicians, statisticians, financial intermediaries, actuaries, engineers, operations researchers.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Hardcover","offer_id":45276316369047,"sku":"9780387707297","price":7345.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780387707297.webp?v=1769285312","url":"https:\/\/atlanticbooks.com\/products\/semi-markov-risk-models-for-finance-insurance-and-reliability-9780387707297","provider":"Atlantic Books","version":"1.0","type":"link"}