Publication

1998 - Kluwer Academic Publishers, Boston, Massachusetts

Language

English

Word Count

85,250 words, Guess

Page Count

341 pages

Identifiers

  • Open LibraryOL347420M
  • ISBN-100792381483
  • OCLC Control Number38831874
  • Library of Congress Control Number98006538
  • Goodreads2824728

Classifications

  • DDC332.6/01/5118
  • LCCHG4515.2 .T36 1998

Description

Applied Stochastic Models and Control for Finance and Insurance presents at an introductory level some essential stochastic models applied in economics, finance and insurance. Markov chains, random walks, stochastic differential equations and other stochastic processes are used throughout the book and systematically applied to economic and financial applications. In addition, a dynamic programming framework is used to deal with some basic optimization problems. This book can be used in business, economics, financial engineering and decision sciences schools for second year Master's students, as well as in a number of courses widely given in departments of statistics, systems and decision sciences.

Subjects

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