Springer Series in Operations Research and Financial Engineering

An Introduction to Heavy-Tailed and Subexponential Distributions

Authors: Foss, Sergey, Korshunov, Dmitry, Zachary, Stan

  • Provides a complete and comprehensive introduction to the theory of long tailed and subexponential distributions
  • Expanded text features new exercises and numerous examples 
  • Includes preliminary mathematical material
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eBook $54.99
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  • ISBN 978-1-4614-7101-1
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  • ISBN 978-1-4614-7100-4
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  • ISBN 978-1-4899-8832-4
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About this Textbook

Heavy-tailed probability distributions are an important component in the modeling of many stochastic systems. They are frequently used to accurately model inputs and outputs of computer and data networks and service facilities such as call centers. They are an essential for describing risk processes in finance and also for insurance premia pricing, and such distributions occur naturally in models of epidemiological spread. The class includes distributions with power law tails such as the Pareto, as well as the lognormal and certain Weibull distributions.

One of the highlights of this new edition is that it includes problems at the end of each chapter. Chapter 5 is also updated to include interesting applications to queueing theory, risk, and branching processes. New results are presented in a simple, coherent and systematic way.

Graduate students as well as modelers in the fields of finance, insurance, network science and environmental studies will find this book to be an essential reference.

About the authors

Sergey Foss is a professor at Heriot-Watt University, Edinburgh, UK. Dmitry Korshunov is a professor at the Sobolev Institute of Mathematics of the Russian Academy of Sciences, Novosibirsk, Russia. Stan Zachary is a professor at Heriot-Watt University, Edinburgh, UK.

Table of contents (5 chapters)

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-1-4614-7101-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.95
price for USA
  • ISBN 978-1-4614-7100-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.95
price for USA
  • ISBN 978-1-4899-8832-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
An Introduction to Heavy-Tailed and Subexponential Distributions
Authors
Series Title
Springer Series in Operations Research and Financial Engineering
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science + Business Media New York
eBook ISBN
978-1-4614-7101-1
DOI
10.1007/978-1-4614-7101-1
Hardcover ISBN
978-1-4614-7100-4
Softcover ISBN
978-1-4899-8832-4
Series ISSN
1431-8598
Edition Number
2
Number of Pages
XI, 157
Topics