Overview
Lays the foundation for solving problems in reliability, insurance, finance, and credit risk
Exercises and solutions to selected problems accompany each chapter
Many of the chapters that examine central topics in applied probability can be read independently, allowing both instructors and readers extra flexibility in the use of the book
Includes supplementary material: sn.pub/extras
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Table of contents(11 chapters)
Keywords
- Poisson process
- STATISTICA
- Weibull distributions
- change-point models
- exponential distribution
- gamma distributions
- lifetime distribution classes
- measure theory
- mixture models
- multivariate exponential extensions
- parametric life distributions
- probability models
- renewal theory
- shock models
- stochastic modeling
- quantitative finance
About this book
Reviews
From the reviews:
“This is a nice introductory textbook on stochastic processes, basically devoted to the Poisson process and its variants. The basic results are well illustrated by many examples with many problems at the end of each chapter. … The book is suitable for students that do not have an advanced training in the measure-theoretic aspects of probability or stochastic integration.” (Henryk Gzyl, Zentralblatt MATH, Vol. 1215, 2011)Authors and Affiliations
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Department of Mathematics and Statistics, Bowling Green State University, Bowling Green, USA
Arjun K. Gupta
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Department of Mathematics, University of Louisville, Louisville, USA
Wei-Bin Zeng
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Department of Mathematics, California State University Stanislaus, Turlock, USA
Yanhong Wu
About the authors
Bibliographic Information
Book Title: Probability and Statistical Models
Book Subtitle: Foundations for Problems in Reliability and Financial Mathematics
Authors: Arjun K. Gupta, Wei-Bin Zeng, Yanhong Wu
DOI: https://doi.org/10.1007/978-0-8176-4987-6
Publisher: Birkhäuser Boston, MA
eBook Packages: Mathematics and Statistics, Mathematics and Statistics (R0)
Copyright Information: Birkhäuser Boston 2010
Hardcover ISBN: 978-0-8176-4986-9Published: 02 September 2010
eBook ISBN: 978-0-8176-4987-6Published: 26 August 2010
Edition Number: 1
Number of Pages: XII, 267
Topics: Probability Theory and Stochastic Processes, Statistics for Business, Management, Economics, Finance, Insurance, Mathematical and Computational Engineering, Mathematical Modeling and Industrial Mathematics, Statistics for Engineering, Physics, Computer Science, Chemistry and Earth Sciences, Quantitative Finance