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 applicatio
It is now clear that semi-Markov processes play an increasingly crucial role in business and industry; this is partially due to the fact that, with the powerful mathematical software now existing, t
As Non-Life Insurance models are strictly connected with stochastic processes, the main aim of this book is to show how classical and recent advanced stochastic models can be used to improve the stoch
