A customer's utility measure based on the reliability of multi-state systems

DOI10.1007/S10203-010-0105-8MaRDI QIDQ538269zbMATH OpenOpenAlexFDO

Authors Guglielmo D'Amico, Giuseppe Di Biase, Raimondo Manca

Publication date 25 May 2011

Published in Decisions in Economics and Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10203-010-0105-8

zbMATH Keywords

preferencesutility functionsaccumulated discounted utilitybackward processesnon-homogeneous semi-Markov processesrewards processes

Mathematics Subject Classification ID

Applications of renewal theory (reliability, demand theory, etc.) (60K10) Utility theory (91B16)

Recommendations

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Cites work

• scientific article; zbMATH DE number 46243 (Why is no real title available?)
• scientific article; zbMATH DE number 3361677 (Why is no real title available?)
• An algorithmic approach to discrete time non-homogeneous backward semi-Markov reward processes with an application to disability insurance
• Applied Semi-Markov Processes
• Initial and final backward and forward discrete time non-homogeneous semi-Markov credit risk models
• Patient's age depending HIV/AIDS evolution analysis by means of a non-homogeneous semi-Markov model
• Semi-Markov Risk Models for Finance, Insurance and Reliability
• Statistical models based on counting processes
• Stochastic Models in Reliability

Cited in

(1)

• The role of health in consumption and portfolio decision-making: insights from state-dependent models

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