Title Risk Theory
Lesson Code 321-2600
Semester 9
ECTS 5
Hours (Theory) 3
Hours (Lab) 0
Faculty ICS Eng. Department

Syllabus

  • Probabilities review
  • Poisson processes. Renewal processes.
  • Collective risk theory. Compound distributions. Approach of risk probability. Assumptions of development of extreme events. Security factor. Lundber inequality.
  • The classic model. The assumptions of collapse systems.

Learning Outcomes

  • The Poisson process, the renewal process
  • The collective risk model
  • The classic risk model. Compound distributions.
  • Theory of extreme events

Prerequisite Courses

Not required.

Basic Textbooks

Politis Kostas  Introduction to collective risk theory. Publish Stsmulis 2012.

Konstadinides Dimitrios. Collective risk theory. Publish Symmetria  2012.

KonstadinidesDimitrios, Stochastic processes theory. Publish  Stamulis 2009

P. Embrechets, C Kluppelberg, T Mikosch Modelling Extremal Events Springer 1997

Teaching and Learning Methods

Lectures, resolving exercises

Activity Semester workload
Lectures 39 hours
Personal study 78 hours
Midterm exam
5 hours
Final exam 3 hours
   
Course total 125 hours (5 ECTS)

 

Student Performance Evaluation

Midterm exams

Final written exams

Language of Instruction and Examinations

Greek (English for Erasmus students)

Delivery Mode

Face-to-face