The mortgage valuation literature is saturated with numerous studies using the contingent claims approach to value mortgages. So far, efforts are directed into two alternative model frameworks. First, ...

Abstract: The distribution of has been studied by several authors especially when and are independent random variables and come from the same family. However, there is relatively little work of this ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Abstract: In structural reliability calculation, there are fuzzy uncertainties in the distribution parameters of random variables, which bring the problem of large computation and poor precision. In ...