Download or read book Simulation of a Multi risk Collective Model written by John A. Beekman and published by . This book was released on 1976 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Actuarial Science written by I.B. MacNeill and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: On May 27-31, 1985, a series of symposia was held at The University of Western Ontario, London, Canada, to celebrate the 70th birthday of Pro fessor V. M. Joshi. These symposia were chosen to reflect Professor Joshi's research interests as well as areas of expertise in statistical science among faculty in the Departments of Statistical and Actuarial Sciences, Economics, Epidemiology and Biostatistics, and Philosophy. From these symposia, the six volumes which comprise the "Joshi Festschrift" have arisen. The 117 articles in this work reflect the broad interests and high quality of research of those who attended our conference. We would like to thank all of the contributors for their superb cooperation in helping us to complete this project. Our deepest gratitude must go to the three people who have spent so much of their time in the past year typing these volumes: Jackie Bell, Lise Constant, and Sandy Tarnowski. This work has been printed from "camera ready" copy produced by our Vax 785 computer and QMS Lasergraphix printers, using the text processing software TEX. At the initiation of this project, we were neophytes in the use of this system. Thank you, Jackie, Lise, and Sandy, for having the persistence and dedication needed to complete this undertaking.

Download or read book Computational Probability written by P. M. Kahn and published by Elsevier. This book was released on 2014-05-10 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computational Probability is a collection of papers presented at the Actuarial Research Conference on Computational Probability and related topics, held at Brown University on August 28-30, 1975. This 19-chapter book explores the development of computational techniques in probability and statistics and their application to problems in insurance. It covers six general topics, including computational probability, computational statistics, computational risk theory, analysis of algorithms, numerical methods, and notation and computation. Applications covered both life and nonlife insurance. This book will prove useful to applied mathematicians, statisticians, and computer scientists.

Download or read book Simulation and Modeling Methodologies Technologies and Applications written by Mohammad S. Obaidat and published by Springer. This book was released on 2016-05-27 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present book includes a set of selected extended papers from the 5th International Conference on Simulation and Modeling Methodologies, Technologies and Applications (SIMULTECH 2015), held in Colmar, France, from 21 to 23 July 2015. The conference brought together researchers, engineers and practitioners interested in methodologies and applications of modeling and simulation. New and innovative solutions are reported in this book. SIMULTECH 2015 received 102 submissions, from 36 countries, in all continents. After a double blind paper review performed by the Program Committee, 19% were accepted as full papers and thus selected for oral presentation. Additional papers were accepted as short papers and posters. A further selection was made after the Conference, based also on the assessment of presentation quality and audience interest, so that this book includes the extended and revised versions of the very best papers of SIMULTECH 2015. Commitment to high quality standards is a major concern of SIMULTECH that will be maintained in the next editions, considering not only the stringent paper acceptance ratios but also the quality of the program committee, keynote lectures, participation level and logistics.

Download or read book Companion Modeling and Multi agent Systems for Integrated Natural Resource Management in Asia written by François Bousquet and published by Int. Rice Res. Inst.. This book was released on 2005 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transactions Society of Actuaries written by Society of Actuaries and published by . This book was released on 1978 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with vol. for 1951 includes section: Reports of mortality and morbidity experience.

Download or read book Insurance Planning Models Price Competition And Regulation Of Financial Stability written by Vsevolod Malinovskii and published by World Scientific. This book was released on 2021-08-13 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance Planning Models: Price Competition and Regulation of Financial Stability is an exciting new book that takes readers inside the secrets of internal organization of the modern general insurance business. Many people know that it is subject to intensive state regulation, whereby the purpose is to maintain long-term efficiency, honesty, security and stability in the interest and for the protection of policyholders. However, except for knowing that the insurance system is regulated by intensive calculations, that the insurance companies have different positions on the market, that they pursue different goals and even compete with each other, and that one of the tools of this competition is the policy price, not so many people know how to achieve these deserving goals.In developing quantitative recommendations and directives to competing insurers, regulators rely on certain models. In the 1900s, such models were proposed. They were useful for an insight into the probabilistic nature of the insurance process, but not for direct application to practically meaningful problems of insurance regulation. This book is your guide to the rigorously constructed long-term dynamic models with the aim to improve regulatory methods and develop quantitative recommendations using both analytical calculations and computer simulation. It is addressed to a wide range of readers, including interested policyholders, economists whose interest lies in insurance management and regulation, and mathematicians wishing to expand the scope of application for their knowledge.This book is devoted to certain issues that are either not sufficiently presented, or even absent in the literature. It is an attempt to penetrate from the standpoint of mathematical modeling into the goals which face insurance regulators and contending company managers for preventing insolvencies, or even crises pertinent to badly regulated complex reflexive systems.It offers rigorous probabilistic models of long-term insurance business based on the laws of mass phenomena. They mitigate deficiencies of oversimplified risk models. The book presents advances in probabilistic techniques designed to seek quantitative, rather than qualitative, directives and recommendations regarding safe control aiming to achieve different business goals.

Download or read book Risk Modeling for Hazards and Disasters written by Gero Michel and published by Elsevier. This book was released on 2017-08-29 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Modeling for Hazards and Disasters covers all major aspects of catastrophe risk modeling, from hazards through to financial analysis. It explores relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies. It also provides further insight into the shortcomings of current models and examines model risk and ideas to diversify risk assessment. Risk Modeling for Hazards and Disasters instructs readers on how to assess, price and then hedge the losses from natural and manmade catastrophes. This book reviews current model development and science and explains recent changes in the catastrophe modeling space, including new initiatives covering uncertainty and big data in the assessment of risk for insurance pricing and portfolio management. Edited by a leading expert in both hazards and risk, this book is authored by a global panel including major modeling vendors, modeling consulting firms, and well-known catastrophe modeling scientists. Risk Modeling for Hazards and Disasters provides important insight into how models are used to price and manage risk. Includes high profile case studies such as the Newcastle earthquake, Hurricane Andrew and Hurricane Katrina Provides crucial information on new ideas and platforms that will help address the new demands for risk management and catastrophe risk reporting Presents the theory and practice needed to know how models are created and what is and what is not important in the modeling process Covers relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies

Download or read book Modeling Multi Level Systems written by Octavian Iordache and published by Springer Science & Business Media. This book was released on 2011-02-07 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to modeling of multi-level complex systems, a challenging domain for engineers, researchers and entrepreneurs, confronted with the transition from learning and adaptability to evolvability and autonomy for technologies, devices and problem solving methods. Chapter 1 introduces the multi-scale and multi-level systems and highlights their presence in different domains of science and technology. Methodologies as, random systems, non-Archimedean analysis, category theory and specific techniques as model categorification and integrative closure, are presented in chapter 2. Chapters 3 and 4 describe polystochastic models, PSM, and their developments. Categorical formulation of integrative closure offers the general PSM framework which serves as a flexible guideline for a large variety of multi-level modeling problems. Focusing on chemical engineering, pharmaceutical and environmental case studies, the chapters 5 to 8 analyze mixing, turbulent dispersion and entropy production for multi-scale systems. Taking inspiration from systems sciences, chapters 9 to 11 highlight multi-level modeling potentialities in formal concept analysis, existential graphs and evolvable designs of experiments. Case studies refer to separation flow-sheets, pharmaceutical pipeline, drug design and development, reliability management systems, security and failure analysis. Perspectives and integrative points of view are discussed in chapter 12. Autonomous and viable systems, multi-agents, organic and autonomic computing, multi-level informational systems, are revealed as promising domains for future applications. Written for: engineers, researchers, entrepreneurs and students in chemical, pharmaceutical, environmental and systems sciences engineering, and for applied mathematicians.

Download or read book Applications of Random Effects in Dependent Compound Risk Models written by Himchan Jeong and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ratemaking for general insurance, calculation of the pure premium has traditionally been based on modeling frequency and severity separately. It has also been a standard practice to assume, for simplicity, the independence of loss frequency and loss severity. However, in recent years, there is a sporadic interest in the actuarial literature and practice to explore models that depart from this independence assumption. Besides, because of the short-term nature of many lines of general insurance, the availability of data enables us to explore the benefits of using random effects for predicting insurance claims observed longitudinally, or over a period of time. This thesis advances work related to the modeling of compound risks via random effects. First, we examine procedures for testing random effects using Bayesian sensitivity analysis via Bregman divergence. It enables insurance companies to judge whether to use random effects for their ratemaking model or not based on observed data. Second, we extend previous work on the credibility premium of compound sum by incorporating possible dependence as a unified formula. In this work, an informative dependence measure between the frequency and severity components is introduced which can capture both the direction and strength of possible dependence. Third, credibility premium with GB2 copulas are explored so that one can have a succint closed form of the credibility premium with GB2 marginals and explicit approximation of credibility premium with non-GB2 marginals. Finally, we extend microlevel collective risk model into multi-year case using the shared random effect. Such framework includes many previous dependence models as special cases and a specific example is provided with elliptical copulas. We develop the theoretical framework associated with each work, calibrate each model with empirical data and evaluate model performance with out-of-sample validation measures and procedures.

Download or read book Advances in Social Simulation written by Petra Ahrweiler and published by Springer Nature. This book was released on 2021-04-26 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the state of the art in social simulation as presented at the Social Simulation Conference 2019 in Mainz, Germany. It covers the developments in applications and methods of social simulation, addressing societal issues such as socio-ecological systems and policymaking. Methodological issues discussed include large-scale empirical calibration, model sharing and interdisciplinary research, as well as decision-making models, validation and the use of qualitative data in simulation modeling. Research areas covered include archaeology, cognitive science, economics, organization science and social simulation education. This book gives readers insight into the increasing use of social simulation in both its theoretical development and in practical applications such as policymaking whereby modeling and the behavior of complex systems is key. The book appeals to students, researchers and professionals in the various fields.

Download or read book Robust Simulation for Mega Risks written by Craig E. Taylor and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces a new way of analyzing, measuring and thinking about mega-risks, a "paradigm shift" that moves from single-solutions to multiple competitive solutions and strategies. "Robust simulation" is a statistical approach that demonstrates future risk through simulation of a suite of possible answers. To arrive at this point, the book systematically walks through the historical statistical methods for evaluating risks. The first chapters deal with three theories of probability and statistics that have been dominant in the 20th century, along with key mathematical issues and dilemmas. The book then introduces "robust simulation" which solves the problem of measuring the stability of simulated losses, incorporates outliers, and simulates future risk through a suite of possible answers and stochastic modeling of unknown variables. This book discusses various analytical methods for utilizing divergent solutions in making pragmatic financial and risk-mitigation decisions. The book emphasizes the importance of flexibility and attempts to demonstrate that alternative credible approaches are helpful and required in understanding a great many phenomena. .

Download or read book Companion Modelling written by Michel Étienne and published by Springer Science & Business Media. This book was released on 2013-12-16 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the companion modelling approach by presenting the stance that underpins it, the methods and tools used with stakeholders and the specific role of models during the process. It addresses the means to deal with the different levels of decision-making and to take into account the various power relationships. It proposes a methodology to assess the impact of the approach on the stakeholders involved in the process. The book includes 27 case studies and 7 teaching tools that describe the successful use of the approach in a variety of settings or teaching contexts. It is intended for researchers working on rural development or renewable resources management, as well as students and teachers.

Download or read book Handbook of Agricultural Economics written by and published by Elsevier. This book was released on 2021-12-08 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Agricultural Economics, Volume Five highlights new advances in the field, with this new release exploring comprehensive chapters written by an international board of authors who discuss topics such as The Economics of Agricultural Innovation, Climate, food and agriculture, Agricultural Labor Markets: Immigration Policy, Minimum Wages, Etc., Risk Management in Agricultural Production, Animal Health and Livestock Disease, Behavioral and Experimental Economics to Inform Agri-Environmental Programs and Policies, Big Data, Machine Learning Methods for Agricultural and Applied Economists, Agricultural data collection to minimize measurement error and maximize coverage, Gender, agriculture and nutrition, Social Networks Analysis In Agricultural Economics, and more. Presents the latest release in the Handbook of Agricultural Economics Written and contributed by leaders in the field Covers topics such as The Economics of Agricultural Innovation, Climate, Food and Agriculture, Agricultural Labor Markets, and more

Download or read book Advances in Computational Collective Intelligence written by Krystian Wojtkiewicz and published by Springer Nature. This book was released on 2021-09-29 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes refereed proceedings of the 13th International Conference on International Conference on Computational Collective Intelligence, ICCCI 2021, held in Kallithea, Rhodes, Greece, in October - November 2021. Due to the the COVID-19 pandemic the conference was held online. The 44 full papers and 14 short papers were thoroughly reviewed and selected from 231 submissions. The papers are organized according to the following topical sections: ​​social networks and recommender systems; collective decision-making; computer vision techniques; innovations in intelligent systems; cybersecurity intelligent methods; data mining and machine learning; machine learning in real-world data; Internet of Things and computational technologies for collective intelligence; smart industry and management systems; low resource languages processing; computational intelligence for multimedia understanding.

Download or read book Concepts and Methodologies for Modeling and Simulation written by Levent Yilmaz and published by Springer. This book was released on 2015-04-08 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive text presents cutting-edge advances in the theory and methodology of modeling and simulation (M&S) and reveals how this work has been influenced by the fundamental contributions of Prof. Tuncer Ören to this field. Exploring the synergies among the domains of M&S and systems engineering (SE), the book describes how M&S and SE can help to address the complex problems identified as “Grand Challenges” more effectively under a model-driven and simulation-directed systems engineering framework. Features: examines frameworks for the development of advanced simulation methodologies; presents a focus on advanced modeling methodologies; reviews the reliability and quality assurance of models; discusses the specification and simulation of human and social behavior, including models of personality, emotions, conflict management, perception and anticipation; provides a survey of the body of knowledge in M&S; highlights the foundations established by the pioneering work of Prof. Tuncer Ören.

Download or read book Water Risk Modeling written by Dieter Gramlich and published by Springer Nature. This book was released on 2023-02-17 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the topic of financial water risk by examining the modeling challenges associated with physical, regulatory, and reputational water risk in finance. It explores various approaches to operationalize water risk from a financial analysis, investment management, and climate science perspective. The analysis of tools to assess water risk provides the basis for the development of appropriate risk-return management techniques in finance and beyond. This book provides new insights by focusing on financial water threats and their related opportunities. It will be of interest to both academics and practitioners who work at the interface of finance, economics, nature, and society.