Description: Applied Stochastic Models and Control for Finance and Insurance by Charles S. Tapiero Estimated delivery 3-12 business days Format Hardcover Condition Brand New 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. Publisher Description This work presents an introduction to 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. The book begins by introducing problems of economics, finance and insurance which involve time, uncertainty and risk. A number of cases are treated in detail, spanning risk management, volatility, memory, the time structure of preferences, interest rates and yields, etc. The second and third chapters provide an introduction to stochastic models and their application. Stochastic differential equations and stochastic calculus are presented in an intuitive manner, and numerous applications and exercises are used to facilitate their understanding and their use in Chapter Three. A number of other processes which are increasingly used in finance and insurance are introduced in Chapter Four.In the fifth chapter, ARCH and GARCH models are presented and their application to modelling volatility is emphasized. An outline of decision-making procedures is presented in Chapter Six. Furthermore, we also introduce the essentials of stochastic dynamic programming and control, and provide first steps for the student who seeks to apply these techniques. Finally, in Chapter Seven, numerical techniques and approximations to stochastic processes are examined. This book can be used in business, economics, financial engineering and decision sciences schools for second year Masters students, as well as in a number of courses widely given in departments of statistics, systems and decision sciences. Details ISBN 0792381483 ISBN-13 9780792381488 Title Applied Stochastic Models and Control for Finance and Insurance Author Charles S. Tapiero Format Hardcover Year 1998 Pages 341 Edition 1998th Publisher Springer GE_Item_ID:140596250; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
Price: 191.04 USD
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Restocking Fee: No
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Refund will be given as: Money Back
ISBN-13: 9780792381488
Book Title: Applied Stochastic Models and Control for Finance and Insurance
Number of Pages: Xiii, 341 Pages
Language: English
Publication Name: Applied Stochastic Models and Control for Finance and Insurance
Publisher: Springer
Subject: Probability & Statistics / Stochastic Processes, Finance / General, Probability & Statistics / General, Investments & Securities / Analysis & Trading Strategies, Operations Research
Publication Year: 1998
Item Weight: 52.9 Oz
Type: Textbook
Item Length: 9.3 in
Author: Charles S. Tapiero
Subject Area: Mathematics, Business & Economics
Item Width: 6.1 in
Format: Hardcover
