Aims to give to the reader the tools necessary to apply semi-Markov processes in real-life problems. This book presents homogeneous and non-homogeneous semi-Markov processes, as well as Markov and semi-Markov rewards processes. It provides the reader knowledge of semi-Markov processes.

A study of Financial Mathematics. It also offers a study of the axiomatic approach that is suited for analyzing financial problems. It is suitable for MBA's, Financial Engineers, Applied Mathematicians, Banks, Insurance Companies, and Students of Business School, of Economics, of Applied Mathematics, of Financial Engineering, Banks, and more.

This text presents developments in the field, together with their applications, in the areas of insurance, finance, forecasting and marketing. The possible interactions between data analysis, artificial intelligence, decision-support systems and multicriteria analysis are also examined.