The idea for this book came from the time the authors spent at the Statistics and Applied
Mathematical Sciences Institute (SAMSI) in Research Triangle Park in North Carolina …

Copula Methods in Finance is the first book to address the mathematics of copula functions
illustrated with finance applications. It explains copulas by means of applications to major …

The increasing complexity of insurance and reinsurance products has seen a growing
interest amongst actuaries in the modelling of dependent risks. For efficient risk …

A standard problem in operations literature is optimal stocking of substitutable products. We
consider a consumer-driven substitution problem with an arbitrary number of products under …

The theory of copulae is known to provide a useful tool for modelling dependence in
integrated risk management. In the present paper we review and extend some of the more …

In addition to having uncertain patient arrivals, primary-care clinics also face uncertainty
arising from patient choices. Patients have different perceptions of the acuity of their need …

Re-industrialization, which supports industrial upgrading and transformation, promotes
smart production and high value-added manufacturing processes, and helps to create new …

We compare some popular CDO pricing models, related to the bottom-up approach.
Dependence between default times is modelled through Gaussian, stochastic correlation …

In this paper, we show that a vector of positively/negatively associated random variables is
larger/smaller than the vector of their independent duplicates with respect to the …

The probabilistic characterization of the relationship between two or more random variables
calls for a notion of dependence. Dependence modeling leads to mathematical and …