Focusing on what actuaries need in practice, this introductory account
provides readers with essential tools for handling complex problems
and explains how simulation models can be created, used and re-used
(with modifications) in related situations. The book begins by
outlining the basic tools of modelling and simulation, including a
discussion of the Monte Carlo method and its use. Part II deals with
general insurance and Part III with life insurance and financial risk.
Algorithms that can be implemented on any programming platform are
spread throughout and a program library written in R is included.
Numerous figures and experiments with R-code illustrate the text. The
author's non-technical approach is ideal for graduate students, the
only prerequisites being introductory courses in calculus and linear
algebra, probability and statistics. The book will also be of value to
actuaries and other analysts in the industry looking to update their
skills.
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Produktdetaljer
ISBN
9781107779174
Publisert
2014
Utgave
1. utgave
Utgiver
Cambridge University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter