02962nam a22004935i 4500 978-0-387-70730-3 DE-He213 20260521091933.0 cr nn 008mamaa 100301s2007 xxu| s |||| 0|eng d 9780387707303 99780387707303 10.1007/0-387-70730-1 doi CICY 519.2 23 Jacques, Janssen. author. Semi-Markov Risk Models for Finance, Insurance and Reliability [recurso electrónico] / by Janssen Jacques, Manca Raimondo. Boston, MA : Springer US, 2007. XVII, 429 p. online resource. text txt rdacontent computer c rdamedia recurso en línea cr rdacarrier text file PDF rda Probability Tools For Stochastic Modelling -- Renewal Theory and Markov Chains -- Markov Renewal Processes, Semi-Markov Processes and Markov Random Walks -- Discrete Time and Reward Smp and their Numerical Treatment -- Semi-Markov Extensions of the Black-Scholes Model -- Other Semi-Markov Models in Finance and Insurance -- Insurance Risk Models -- Reliability and Credit Risk Models -- Generalised Non-Homogeneous Models for Pension Funds and Manpower Management. 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. Audience This book is intended for applied mathematicians, statisticians, financial intermediaries, actuaries, engineers, operations researchers. MATHEMATICS. FINANCE. NUMERICAL ANALYSIS. DISTRIBUTION (PROBABILITY THEORY). BANKS AND BANKING. MATHEMATICS. PROBABILITY THEORY AND STOCHASTIC PROCESSES. QUANTITATIVE FINANCE. FINANCE /BANKING. FINANCIAL ECONOMICS. NUMERICAL ANALYSIS. Raimondo, Manca. author. SpringerLink (Online service) Springer eBooks Printed edition: 9780387707297 http://dx.doi.org/10.1007/0-387-70730-1 Ver el texto completo en las instalaciones del CICY ddc ER 34095 34095 0 0 ddc 0 0 LE CICY CICY EL 2025-07-10 0 519.2 2025-07-10 08:40:11 2025-07-10 ER