Wednesday, 1 May 2019
Semi-Markov Risk Models for Finance, Insurance and Reliability
Semi-Markov Risk Models for Finance, Insurance and Reliability by Jacques Janssen, Raimondo Manca
This book aims to give a complete and self-contained presentation of semiMarkov 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.