Semi-Markov Models and Applications

Editors: Janssen, Jacques, Limnios, Nikolaos (Eds.)

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eBook 139,99 €
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Hardcover 184,57 €
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Softcover 184,57 €
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  • ISBN 978-1-4613-3290-9
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About this book

This book presents a selection of papers presented to the Second Inter­ national Symposium on Semi-Markov Models: Theory and Applications held in Compiegne (France) in December 1998. This international meeting had the same aim as the first one held in Brussels in 1984 : to make, fourteen years later, the state of the art in the field of semi-Markov processes and their applications, bring together researchers in this field and also to stimulate fruitful discussions. The set of the subjects of the papers presented in Compiegne has a lot of similarities with the preceding Symposium; this shows that the main fields of semi-Markov processes are now well established particularly for basic applications in Reliability and Maintenance, Biomedicine, Queue­ ing, Control processes and production. A growing field is the one of insurance and finance but this is not really a surprising fact as the problem of pricing derivative products represents now a crucial problem in economics and finance. For example, stochastic models can be applied to financial and insur­ ance models as we have to evaluate the uncertainty of the future market behavior in order, firstly, to propose different measures for important risks such as the interest risk, the risk of default or the risk of catas­ trophe and secondly, to describe how to act in order to optimize the situation in time. Recently, the concept of VaR (Value at Risk) was "discovered" in portfolio theory enlarging so the fundamental model of Markowitz.

Table of contents (24 chapters)

  • The Solidarity of Markov Renewal Processes

    Pyke, Ronald

    Pages 3-21

    Preview Buy Chapter 29,94 €
  • A Generalization of Semi-Markov Processes

    Iosifescu, Marius

    Pages 23-32

    Preview Buy Chapter 29,94 €
  • Quasi-Stationary Phenomena for Semi-Markov Processes

    Gyllenberg, Mats (et al.)

    Pages 33-60

    Preview Buy Chapter 29,94 €
  • Semi-Markov Random Walks

    Korolyuk, Vladimir S.

    Pages 61-75

    Preview Buy Chapter 29,94 €
  • Diffusion Approximation for Processes with Semi-Markov Switches and Applications in Queueing Models

    Anisimov, Vladimir V.

    Pages 77-101

    Preview Buy Chapter 29,94 €

Buy this book

eBook 139,99 €
price for France (gross)
  • ISBN 978-1-4613-3288-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 184,57 €
price for France (gross)
  • ISBN 978-0-7923-5963-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover 184,57 €
price for France (gross)
  • ISBN 978-1-4613-3290-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Semi-Markov Models and Applications
Editors
  • Jacques Janssen
  • Nikolaos Limnios
Copyright
1999
Publisher
Springer US
Copyright Holder
Kluwer Academic Publishers
eBook ISBN
978-1-4613-3288-6
DOI
10.1007/978-1-4613-3288-6
Hardcover ISBN
978-0-7923-5963-0
Softcover ISBN
978-1-4613-3290-9
Edition Number
1
Number of Pages
XXII, 404
Topics