Stochastic Optimization Models of Actuarial Mathematics

Application of Epidemiological Models in Actuarial Mathematics

The emergence of the worldwide SARS epidemic in 2003 led to a revived interest in the study of infectious diseases. Mathematical models have become important tools in analyzing transmission dynamics and measuring the effectiveness of controlling strategies. Research on infectious diseases in the actuarial literature only goes so far as to set up epidemiological models which better reflect the t...

Actuarial Mathematics & Statistics

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Interactive Instructional Software for Actuarial Mathematics

Actuarial Mathematics and Life-Table Statistics

This book is a course of lectures on the mathematics of actuarial science. The idea behind the lectures is as far as possible to deduce interesting material on contingent present values and life tables directly from calculus and common-sense notions, illustrated through word problems. Both the Interest Theory and Probability related to life tables are treated as wonderful concrete applications ...

Seven Introductory Lectures on Actuarial Mathematics

1 Compound Interest 3 1.1 Time Value of Money Single Payments . . . . . . . . . . . . . . . . . . . . . . . . 3 1.2 Time value of money Streams of Payments . . . . . . . . . . . . . . . . . . . . . . 4 1.3 Fair Payment Streams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1.4 Particular Payment Streams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.5 F...