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Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.
insurance --- n/a --- multiplicative background risk model --- renewal process --- dual risk model --- collective risk model --- risk measure --- aggregate risk --- Laplace transform --- transfer function --- risk management --- risk theory --- maximal tail dependence --- constant interest rate --- partial integro-differential equation --- reinsurance --- financial time series --- spatial risk measures and corresponding axiomatic approach --- central limit theorem --- integral equation --- Markovian arrival process --- systematic risk --- information processing --- discounted aggregate claims --- surplus process --- weighted cuts --- rate of spatial diversification --- national culture --- operational risk --- covariance --- cumulative Parisian ruin --- spatial dependence --- background risk --- survival analysis --- Monte Carlo --- aggregate discounted claims --- stochastic orders --- order statistic --- max-stable random fields --- copulas --- hazard model --- multivariate gamma distribution --- copula --- advanced measurement approach --- concomitant --- archimedean copulas --- rating migrations --- ruin probability --- clustering --- confidence interval --- individual risk model --- numerical approximation --- value-at-risk
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This book focuses on applications of the theory of fractional calculus in numerical analysis and various fields of physics and engineering. Inequalities involving fractional calculus operators containing the Mittag–Leffler function in their kernels are of particular interest. Special attention is given to dynamical models, magnetization, hypergeometric series, initial and boundary value problems, and fractional differential equations, among others.
Research & information: general --- Mathematics & science --- fractional derivative --- generalized Mittag-Leffler kernel (GMLK) --- Legendre polynomials --- Legendre spectral collocation method --- dynamical systems --- random time change --- inverse subordinator --- asymptotic behavior --- Mittag–Leffler function --- data fitting --- magnetization --- magnetic fluids --- Gamma function --- Psi function --- Pochhammer symbol --- hypergeometric function 2F1 --- generalized hypergeometric functions tFu --- Gauss’s summation theorem for 2F1(1) --- Kummer’s summation theorem for 2F1(−1) --- generalized Kummer’s summation theorem for 2F1(−1) --- Stirling numbers of the first kind --- Hilfer–Hadamard fractional derivative --- Riemann–Liouville fractional derivative --- Caputo fractional derivative --- fractional differential equations --- inclusions --- nonlocal boundary conditions --- existence and uniqueness --- fixed point --- gamma function --- Beta function --- Mittag-Leffler function --- Generalized Mittag-Leffler functions --- generalized hypergeometric function --- Fox–Wright function --- recurrence relations --- Riemann–Liouville fractional calculus operators --- (α, h-m)-p-convex function --- Fejér–Hadamard inequality --- extended generalized fractional integrals --- Mittag–Leffler functions --- initial value problems --- Laplace transform --- exact solution --- Chebyshev inequality --- Pólya-Szegö inequality --- fractional integral operators --- Wright function --- Srivastava’s polynomials --- fractional calculus operators --- Lavoie–Trottier integral formula --- Oberhettinger integral formula --- fractional partial differential equation --- boundary value problem --- separation of variables --- Mittag-Leffler --- Abel-Gontscharoff Green’s function --- Hermite-Hadamard inequalities --- convex function --- κ-Riemann-Liouville fractional integral --- Dirichlet averages --- B-splines --- dirichlet splines --- Riemann–Liouville fractional integrals --- hypergeometric functions of one and several variables --- generalized Mittag-Leffler type function --- Srivastava–Daoust generalized Lauricella hypergeometric function --- fractional calculus --- Hermite–Hadamard inequality --- Fox H function --- subordinator and inverse stable subordinator --- Lamperti law --- order statistic --- n/a --- Gauss's summation theorem for 2F1(1) --- Kummer's summation theorem for 2F1(−1) --- generalized Kummer's summation theorem for 2F1(−1) --- Hilfer-Hadamard fractional derivative --- Riemann-Liouville fractional derivative --- Fox-Wright function --- Riemann-Liouville fractional calculus operators --- Fejér-Hadamard inequality --- Mittag-Leffler functions --- Pólya-Szegö inequality --- Srivastava's polynomials --- Lavoie-Trottier integral formula --- Abel-Gontscharoff Green's function --- Riemann-Liouville fractional integrals --- Srivastava-Daoust generalized Lauricella hypergeometric function --- Hermite-Hadamard inequality
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