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Potential Scenario
161
views
96
downloads
0
comments
2002-Ragnar-Norberg-Basic Life Insurance Mathematics
Presents fundamentals of life insurance, mortality, savings, banks, finance, reserves, pensions, stochastic processes.
finance
stochastic processes
savings
life insurance
banks
reserves
pensions
mortality
Technique Narrative
383
views
198
downloads
0
comments
1-030-RandomPerturbation-TechniqueNarrative
After a brief historical view of this problem, we will demonstrate the derivation of first order linear differential equations with random perturbations.
random perturbation
Brownian motion
Langevin equation
Riemann-Steiltjes integral
Wiener process
Ito's calculus
Modeling Scenario
462
views
180
downloads
0
comments
1-039-StochasticPopModels-ModelingScenario
We develop strategies for creating a population model using some simple probabilistic assumptions. These assumptions lead to a system of differential equations for the probability that a system is in state (or population size) n at time t.
Probability
population dynamics
Variance
Mean
stochastic
deterministic
Modeling Scenario
294
views
224
downloads
0
comments
1-108-PoissonProcess-ModelingScenario
In this project students learn to derive the probability density function (pdf) of the Poisson distribution and the cumulative distribution (cdf) of the waiting time. They will use them to solve problems in stochastic processes.
Probability
s
stochastic processes
Poisson process
waiting time
arrival
Modeling Scenario
320
views
238
downloads
0
comments
1-027-StochasticProcesses-ModelingScenario
We build the infinite set of first order differential equations for modeling a stochastic process, the so-called birth and death equations. We will only need to use integrating factor solution strategy or DSolve in Mathematica for success.
Variance
Mean
stochastic
random
operations research
industrial engineering
Poisson process
traffic
Potential Scenario
157
views
54
downloads
0
comments
2009-Noakes-Sleigh-Mathematical models for assessing the role of airflow on the risk of airborne infection in hospital wards
Understanding the risk of airborne transmission can provide important information for designing safe healthcare environments with an appropriate level of environmental control for mitigating risks.
infection
compartment
hospital
ventilation
airborne
sthochastic
Wells–Riley
Potential Scenario
152
views
56
downloads
0
comments
2008-Ratneesh_Suri-Optimal harvesting strategies for fisheries-differential equations approach
We develop and investigate the harvesting model in both deterministic and stochastic settings. We first employ the Expected Net Present Value approach and determine optimal harvesting policy using various optimization techniques including optimal...
optimal control
sustainable yield
maximum sustainable yield
harvest
Expected Net Present Value
calculus of variations
dynamic programming
maximum economic yield
Potential Scenario
131
views
57
downloads
0
comments
2007-Choisy-Guégan-Rohani-Mathematical Modeling of Infectious Diseases Dynamics
After presenting general notions of mathematical modeling (Section 22.2) and the nature of epidemiological data available to the modeler (Section 22.3), we detail the very basic SIR epidemiological model (Section 22.5).
stochastic
SIR model
deterministic
incubation
infectives
Modeling Scenario
403
views
153
downloads
0
comments
1-001s-StochasticMDeathImmigration-ModelingScenario
We develop a mathematical model of a death and immigration process using m&ms as a stochastic process with the help of probability generating functions (pgf). We start with 50 m&ms in a bag.
simulation
data
logistic
immigration
stochastic
death
fitting
Potential Scenario
134
views
46
downloads
0
comments
1986-Cook-Witten-One-dimensional linear and logistic harvesting models
Some of the results in the literature on simple one-dimensional, density dependent, discrete and continuous models-with and without harvesting-are reviewed.
logistic
continuous
population
linear
discrete
harvestinbg
Potential Scenario
166
views
51
downloads
0
comments
2018-Yu-Craciun-Mathematical_Analysis_of_Chemical_Reaction_Systems
These models of chemical reactions are systems of coupled nonlinear differential equations on the positive orthant.
biochemical
kinetics
reaction
reaction network
mass action
Potential Scenario
160
views
65
downloads
0
comments
2007-Mogen_Steffensen-Differential Equations in Finance and Life Insurance
The mathematics of finance and the mathematics of life insurance were always intersecting. Life insurance contracts specify an exchange of streams of payments between the insurance company and the contract holder.
finance
disability
life insurance
mortality
insurane
Thiele’s equation
Black-Scholes equation
Article or Presentation
180
views
52
downloads
0
comments
2010-Kar-Chakraborty-Bioeconomic_modelling_of_a_prey_predator_system_using_differential_algebraic_equations
We propose a biological economic model based on prey-predator dynamics where the prey species are continuously harvested and predation is considered with type II functional response.
economics
bifurcation
harvest
fishery
equilibrium
differential algebraic equation
Potential Scenario
186
views
80
downloads
0
comments
2011-Nakul-Chitnis-Introduction to Mathematical Epidemiology - Deterministic Compartmental Model
Deterministic compartmental models form the simplest models in the mathematical study of infectious disease dynamics. They assume that a population is homogenous (all people are the same) and the only distinction is in their disease state.
sensitivity
disease
infection
threshold
compartment
bifrucation
Modeling Scenario
244
views
49
downloads
0
comments
1-141-MMGameRevisited-ModelingScenario
It is assumed that the probability of an M&M chocolate, when tossed, falling on the M side is 0.5 The goal is to find a probability distribution of the probability q which is Pr(randomly chosen M&M falling M up when tossed).
Probability
stochastic processes
Bayesian methods
probability distribution
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