Life Insurance Mathematics

Life Insurance Mathematics PDF Author: Hans U. Gerber
Publisher: Springer Science & Business Media
ISBN: 3662026554
Category : Mathematics
Languages : en
Pages : 137

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Book Description
HaIley's Comet has been prominently displayed in many newspapers during the last few months. For the first time in 76 years it appeared this winter, clearly visible against the nocturnal sky. This is an appropriate occasion to point out the fact that Sir Edmund Halley also constructed the world's first life table in 1693, thus creating the scientific foundation of life insurance. Halley's life table and its successors were viewed as deterministic laws, i. e. the number of deaths in any given group and year was considered to be a weIl defined number that could be calculated by means of a life table. However, in reality this number is random. Thus any mathematical treatment of life insurance will have to rely more and more on prob ability theory. By sponsoring this monograph the Swiss Association of Actuaries wishes to support the "modern" probabilistic view oflife contingencies. We are fortu nate that Professor Gerber, an internationally renowned expert, has assumed the task of writing the monograph. We thank the Springer-Verlag and hope that this monograph will be the first in a successful series of actuarial texts. Hans Bühlmann Zürich, March 1986 President Swiss Association of Actuaries Preface Two major developments have influenced the environment of actuarial math ematics. One is the arrival of powerful and affordable computers; the once important problem of numerical calculation has become almost trivial in many instances.

Life Insurance Mathematics

Life Insurance Mathematics PDF Author: Hans U. Gerber
Publisher: Springer Science & Business Media
ISBN: 3662026554
Category : Mathematics
Languages : en
Pages : 137

Get Book Here

Book Description
HaIley's Comet has been prominently displayed in many newspapers during the last few months. For the first time in 76 years it appeared this winter, clearly visible against the nocturnal sky. This is an appropriate occasion to point out the fact that Sir Edmund Halley also constructed the world's first life table in 1693, thus creating the scientific foundation of life insurance. Halley's life table and its successors were viewed as deterministic laws, i. e. the number of deaths in any given group and year was considered to be a weIl defined number that could be calculated by means of a life table. However, in reality this number is random. Thus any mathematical treatment of life insurance will have to rely more and more on prob ability theory. By sponsoring this monograph the Swiss Association of Actuaries wishes to support the "modern" probabilistic view oflife contingencies. We are fortu nate that Professor Gerber, an internationally renowned expert, has assumed the task of writing the monograph. We thank the Springer-Verlag and hope that this monograph will be the first in a successful series of actuarial texts. Hans Bühlmann Zürich, March 1986 President Swiss Association of Actuaries Preface Two major developments have influenced the environment of actuarial math ematics. One is the arrival of powerful and affordable computers; the once important problem of numerical calculation has become almost trivial in many instances.

Analysis and Optimization of Systems

Analysis and Optimization of Systems PDF Author: Alain Bensoussan
Publisher:
ISBN: 9780387167299
Category :
Languages : en
Pages : 0

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Book Description


Applications of the Theory of Plasticity in Soil Mechanics

Applications of the Theory of Plasticity in Soil Mechanics PDF Author: Jean Salençon
Publisher: John Wiley & Sons
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 184

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Book Description


Handbook of Continuum Mechanics

Handbook of Continuum Mechanics PDF Author: Jean Salencon
Publisher: Springer Science & Business Media
ISBN: 3642565425
Category : Science
Languages : en
Pages : 794

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Book Description
Outstanding approach to continuum mechanics. Its high mathematical level of teaching together with abstracts, summaries, boxes of essential formulae and numerous exercises with solutions, makes this handbook one of most complete books in the area. Students, lecturers, and practitioners will find this handbook a rich source for their studies or daily work.

Nondifferentiable Optimization

Nondifferentiable Optimization PDF Author: Philip Wolfe
Publisher:
ISBN: 9780444110084
Category : Functions of real variables
Languages : en
Pages : 178

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Book Description


Optimal Shape Design for Elliptic Systems

Optimal Shape Design for Elliptic Systems PDF Author: O. Pironneau
Publisher: Springer Science & Business Media
ISBN: 3642877222
Category : Science
Languages : en
Pages : 179

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Book Description
The study of optimal shape design can be arrived at by asking the following question: "What is the best shape for a physical system?" This book is an applications-oriented study of such physical systems; in particular, those which can be described by an elliptic partial differential equation and where the shape is found by the minimum of a single criterion function. There are many problems of this type in high-technology industries. In fact, most numerical simulations of physical systems are solved not to gain better understanding of the phenomena but to obtain better control and design. Problems of this type are described in Chapter 2. Traditionally, optimal shape design has been treated as a branch of the calculus of variations and more specifically of optimal control. This subject interfaces with no less than four fields: optimization, optimal control, partial differential equations (PDEs), and their numerical solutions-this is the most difficult aspect of the subject. Each of these fields is reviewed briefly: PDEs (Chapter 1), optimization (Chapter 4), optimal control (Chapter 5), and numerical methods (Chapters 1 and 4).

Optimization of Distributed Parameter Structures

Optimization of Distributed Parameter Structures PDF Author: Edward J. Haug
Publisher: Kluwer Academic Publishers
ISBN:
Category : Mathematics
Languages : en
Pages : 796

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Book Description


Yield Design

Yield Design PDF Author: Jean Salençon
Publisher: Wiley-ISTE
ISBN: 9781848215405
Category : Technology & Engineering
Languages : en
Pages : 0

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Book Description
Since the middle of the 20th Century yield design approaches have been identified with the lower and upper bound theorem of limit analysis theory – a theory associated with perfect plasticity. This theory is very restrictive regarding the applicability of yield design approaches, which have been used for centuries for the stability of civil engineering structures. This book presents a theory of yield design within the original “equilibrium/resistance” framework rather than referring to the theories of plasticity or limit analysis; expressing the compatibility between the equilibrium of the considered structure and the resistance of its constituent material through simple mathematical arguments of duality and convex analysis results in a general formulation, which encompasses the many aspects of its implementation to various stability analysis problems. After a historic outline and an introductory example, the general theory is developed for the three-dimensional continuum model in a versatile form based upon simple arguments from the mathematical theory of convexity. It is then straightforwardly transposed to the one-dimensional curvilinear continuum, for the yield design analysis of beams, and the two-dimensional continuum model of plates and thin slabs subjected to bending. Field and laboratory observations of the collapse of mechanical systems are presented along with the defining concept of the multi-parameter loading mode. The compatibility of equilibrium and resistance is first expressed in its primal form, on the basis of the equilibrium equations and the strength domain of the material defined by a convex strength criterion along with the dual approach in the field of potentially safe loads, as is the highlighting of the role implicitly played by the theory of yield design as the fundamental basis of the implementation of the ultimate limit state design (ULSD) philosophy with the explicit introduction of resistance parameters. Contents 1. Origins and Topicality of a Concept. 2. An Introductory Example of the Yield Design Approach. 3. The Continuum Mechanics Framework. 4. Primal Approach of the Theory of Yield Design. 5. Dual Approach of the Theory of Yield Design. 6. Kinematic Exterior Approach. 7. Ultimate Limit State Design from the Theory of Yield Design. 8. Optimality and Probability Approaches of Yield Design. 9. Yield Design of Structures. 10. Yield Design of Plates: the Model. 11. Yield Design of Plates Subjected to Pure Bending. About the Authors Jean Salençon is Emeritus Professor at École polytechnique and École des ponts et chaussées, ParisTech, France. Since 2009 he has been a member of the Administrative Board of CNRS (Paris, France). He has received many awards including the Légion d’Honneur (Commander), Ordre National du Mérite (Officer) and Palmes Académiques (Commander). His research interests include structure analysis, soil mechanics and continuum mechanics.

Generalized Structured Component Analysis

Generalized Structured Component Analysis PDF Author: Heungsun Hwang
Publisher: CRC Press
ISBN: 146659294X
Category : Mathematics
Languages : en
Pages : 346

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Book Description
Developed by the authors, generalized structured component analysis is an alternative to two longstanding approaches to structural equation modeling: covariance structure analysis and partial least squares path modeling. Generalized structured component analysis allows researchers to evaluate the adequacy of a model as a whole, compare a model to alternative specifications, and conduct complex analyses in a straightforward manner. Generalized Structured Component Analysis: A Component-Based Approach to Structural Equation Modeling provides a detailed account of this novel statistical methodology and its various extensions. The authors present the theoretical underpinnings of generalized structured component analysis and demonstrate how it can be applied to various empirical examples. The book enables quantitative methodologists, applied researchers, and practitioners to grasp the basic concepts behind this new approach and apply it to their own research. The book emphasizes conceptual discussions throughout while relegating more technical intricacies to the chapter appendices. Most chapters compare generalized structured component analysis to partial least squares path modeling to show how the two component-based approaches differ when addressing an identical issue. The authors also offer a free, online software program (GeSCA) and an Excel-based software program (XLSTAT) for implementing the basic features of generalized structured component analysis.

Mathematical Aspects of Scheduling and Applications

Mathematical Aspects of Scheduling and Applications PDF Author: R. Bellman
Publisher: Elsevier
ISBN: 1483137449
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
Mathematical Aspects of Scheduling and Applications addresses the perennial problem of optimal utilization of finite resources in the accomplishment of an assortment of tasks or objectives. The book provides ways to uncover the core of these problems, presents them in mathematical terms, and devises mathematical solutions for them. The book consists of 12 chapters. Chapter 1 deals with network problems, the shortest path problem, and applications to control theory. Chapter 2 stresses the role and use of computers based on the decision-making problems outlined in the preceding chapter. Chapter 3 classifies scheduling problems and their solution approaches. Chapters 4 to 6 discuss machine sequencing problems and techniques. Chapter 5 tackles capacity expansion problems and introduces the technique of embedded state space dynamic programming for reducing dimensionality so that larger problems can be solved. Chapter 6 then examines an important class of network problems with non-serial phase structures and exploits dimensionality reduction techniques, such as the pseudo-stage concept, branch compression, and optimal order elimination methods to solve large-scale, nonlinear network scheduling problems. Chapters 7 to 11 consider the flow-shop scheduling problem under different objectives and constraints. Chapter 12 discusses the job-shop-scheduling problem. The book will be useful to economists, planners, and graduate students in the fields of mathematics, operations research, management science, computer science, and engineering.