Comparison Methods for Stochastic Models and Risks (Hardcover)

Hardcover. Stochastic order relations prprovide a valuable insight into the behaviour of complex stochastic (random) systems and enable the user to collect meaningful comparative data. Application areas include queueing systems, actuarial and financial risk, decision making and stochastic simulation. * Applicable to a broad range of scientific disciplines, including economics, finance, insurance and operations research * Provides coverage of the latest research and applications An essential resource for researchers and postgraduate students appliying stochastic order relations, and scientisits from applied statistics, operations research, economics and finance. This book gives comprehensive coverage of stochastic order relations, which provides valuable insight into the behavior of complex stochastic (random) systems and enables the user to collect meaningful comparative data. Application areas include queuing systems, actuarial and financial risk, decision making, and stochastic simulation. . This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…