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Book
Actuarial Aspects of Long Term Care
Authors: --- ---
ISBN: 3030056600 3030056597 Year: 2019 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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Abstract

This edited volume proposes a review of the Long-Term Care insurance; this issue is addressed both from a global point of view, (through a presentation of the risk of dependence associated with the aging of the population) and an actuarial point of view, (with the presentation of existing insurance products and actuarial techniques for pricing and reserving). It proposes a cross-view of American and European experiences for this risk. It is the first book to be dedicated solely to long-term care insurance and aims to provide a valuable reference for all actuaries facing this issue. It is intended for both professionals and academics.


Book
Advances in Mathematical Economics : Volume 21
Authors: ---
ISBN: 9811041458 981104144X Year: 2017 Publisher: Singapore : Springer Singapore : Imprint: Springer,

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The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.


Book
Advances in mathematical economics : volume 22
Authors: ---
ISBN: 9811306044 9811306052 9789811306051 Year: 2018 Publisher: Singapore : Springer Singapore : Imprint: Springer,

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The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.


Book
Computational Intelligence, Optimization and Inverse Problems with Applications in Engineering
Authors: --- ---
ISBN: 331996433X 3319964321 Year: 2019 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book focuses on metaheuristic methods and its applications to real-world problems in Engineering. The first part describes some key metaheuristic methods, such as Bat Algorithms, Particle Swarm Optimization, Differential Evolution, and Particle Collision Algorithms. Improved versions of these methods and strategies for parameter tuning are also presented, both of which are essential for the practical use of these important computational tools. The second part then applies metaheuristics to problems, mainly in Civil, Mechanical, Chemical, Electrical, and Nuclear Engineering. Other methods, such as the Flower Pollination Algorithm, Symbiotic Organisms Search, Cross-Entropy Algorithm, Artificial Bee Colonies, Population-Based Incremental Learning, Cuckoo Search, and Genetic Algorithms, are also presented. The book is rounded out by recently developed strategies, or hybrid improved versions of existing methods, such as the Lightning Optimization Algorithm, Differential Evolution with Particle Collisions, and Ant Colony Optimization with Dispersion – state-of-the-art approaches for the application of computational intelligence to engineering problems. The wide variety of methods and applications, as well as the original results to problems of practical engineering interest, represent the primary differentiation and distinctive quality of this book. Furthermore, it gathers contributions by authors from seven countries – some of which are the original proponents of the methods presented – and 21 research centers around the globe.


Book
The Risk Management of Contingent Convertible (CoCo) Bonds
Authors: --- ---
ISBN: 3030018245 3030018237 Year: 2018 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1) ratio, or via a regulatory trigger. CoCos are non-standardised instruments with different loss-absorption and trigger mechanisms. They might also contain additional features such as the cancellation of coupon payments. Different pricing models are discussed in detail. These models use market data such as share prices, CDS levels and implied volatility in order to calculate the theoretical price of a CoCo bond and its sensitivities, providing the investor with insides to hedge from adverse changes in the market conditions. The audience are professionals as well as academics who want to learn how to risk manage CoCo bonds using cutting edge techniques as well as all the risk involved in CoCo bonds.


Book
Sub-structure Coupling for Dynamic Analysis : Application to Complex Simulation-Based Problems Involving Uncertainty
Authors: ---
ISBN: 3030128199 3030128180 Year: 2019 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book combines a model reduction technique with an efficient parametrization scheme for the purpose of solving a class of complex and computationally expensive simulation-based problems involving finite element models. These problems, which have a wide range of important applications in several engineering fields, include reliability analysis, structural dynamic simulation, sensitivity analysis, reliability-based design optimization, Bayesian model validation, uncertainty quantification and propagation, etc. The solution of this type of problems requires a large number of dynamic re-analyses. To cope with this difficulty, a model reduction technique known as substructure coupling for dynamic analysis is considered. While the use of reduced order models alleviates part of the computational effort, their repetitive generation during the simulation processes can be computational expensive due to the substantial computational overhead that arises at the substructure level. In this regard, an efficient finite element model parametrization scheme is considered. When the division of the structural model is guided by such a parametrization scheme, the generation of a small number of reduced order models is sufficient to run the large number of dynamic re-analyses. Thus, a drastic reduction in computational effort is achieved without compromising the accuracy of the results. The capabilities of the developed procedures are demonstrated in a number of simulation-based problems involving uncertainty.

Semi-Markov risk models for finance, insurance and reliability
Authors: ---
ISBN: 1280902396 9786610902392 0387707301 0387707298 1441943579 9780387707297 Year: 2007 Publisher: New York : Springer,

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This book presents applications of semi-Markov processes in finance, insurance and reliability, using real-life problems as examples. After a presentation of the main probabilistic tools necessary for understanding of the book, the authors show how to apply semi-Markov processes in finance, starting from the axiomatic definition and continuing eventually to the most advanced financial tools, particularly in insurance and in risk-and-ruin theories. Also considered are reliability problems that interact with credit risk theory in finance. The unique approach of this book is to solve finance and insurance problems with semi-Markov models in a complete way and furthermore present real-life applications of semi-Markov processes. Audience This book is intended for applied mathematicians, statisticians, financial intermediaries, actuaries, engineers, operations researchers.


Book
EVOLVE – A Bridge between Probability, Set Oriented Numerics and Evolutionary Computation VII
Authors: --- --- --- --- --- et al.
ISBN: 3319493248 3319493256 Year: 2017 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book comprises nine selected works on numerical and computational methods for solving multiobjective optimization, game theory, and machine learning problems. It provides extended versions of selected papers from various fields of science such as computer science, mathematics and engineering that were presented at EVOLVE 2013 held in July 2013 at Leiden University in the Netherlands. The internationally peer-reviewed papers include original work on important topics in both theory and applications, such as the role of diversity in optimization, statistical approaches to combinatorial optimization, computational game theory, and cell mapping techniques for numerical landscape exploration. Applications focus on aspects including robustness, handling multiple objectives, and complex search spaces in engineering design and computational biology.


Book
Information Technologies and Mathematical Modelling. Queueing Theory and Applications : 16th International Conference, ITMM 2017, Named After A.F. Terpugov, Kazan, Russia, September 29 - October 3, 2017, Proceedings
Authors: --- ---
ISBN: 3319680684 3319680692 Year: 2017 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book constitutes the proceedings of the 16th International Conference on Information Technologies and Mathematical Modelling, ITMM 2017, held in Kazan, Russia, in September/October 2017.  The 31 papers presented in this volume were carefully reviewed and selected from 85 submissions. The conference covers various aspects of mathematical modeling and information technologies, focusing on probabilistic methods and models, queueing theory and communication networks.

Keywords

Computer science. --- Computer communication systems. --- Computer system failures. --- Mathematical statistics. --- Computer simulation. --- Probabilities. --- Computer Science. --- Probability and Statistics in Computer Science. --- System Performance and Evaluation. --- Probability Theory and Stochastic Processes. --- Computer Communication Networks. --- Simulation and Modeling. --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Mathematical statistics --- Risk --- Computer modeling --- Computer models --- Modeling, Computer --- Models, Computer --- Simulation, Computer --- Electromechanical analogies --- Mathematical models --- Simulation methods --- Model-integrated computing --- Statistics, Mathematical --- Statistics --- Probabilities --- Sampling (Statistics) --- Computer failures --- Computer malfunctions --- Computer systems --- Failure of computer systems --- System failures (Engineering) --- Fault-tolerant computing --- Communication systems, Computer --- Computer communication systems --- Data networks, Computer --- ECNs (Electronic communication networks) --- Electronic communication networks --- Networks, Computer --- Teleprocessing networks --- Data transmission systems --- Digital communications --- Electronic systems --- Information networks --- Telecommunication --- Cyberinfrastructure --- Electronic data processing --- Network computers --- Informatics --- Science --- Statistical methods --- Failures --- Distributed processing --- Computer system performance. --- Distribution (Probability theory. --- Distribution functions --- Frequency distribution --- Characteristic functions --- Queuing theory --- Models, Mathematical


Book
Demography and Health Issues : Population Aging, Mortality and Data Analysis
Authors: ---
ISBN: 3319760017 3319760025 Year: 2018 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book provides new theories, applications and quantitative methods in demography, population studies and statistics. It presents and applies data analysis, statistics and stochastic modeling techniques focusing on demography, population aging, mortality and health sciences. The book describes diverse stochastic processes as well as Markov and semi-Markov models in demography and population studies, along with chapters on statistical models and methods in biostatistics and epidemiology. As such the book will be a valuable source to demographers, health scientists, statisticians, economists and sociologists.

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