Purpose – The purpose of this paper is to investigate how queueing theory has been applied to derive results for a Sparre Andersen risk process for which the claim inter-arrival distribution is hyper Erlang. Design/methodology/approach – The paper exploits the duality results between the...

Purpose – The purpose of this paper is to investigate how queueing theory has been applied to derive results for a Sparre Andersen risk process for which the claim inter-arrival distribution is hyper Erlang. Design/methodology/approach – The paper exploits the duality results between the...

"This book provides a comprehensive demonstration of risk analysis as a distinct science covering risk understanding, assessment, perception, communication, management, governance, and policy. It presents and discusses the key pillars of this science, and provides guidance on how to conduct...