Mathematics and Actuarial Science - An Application

In late years, Applied Mathematics and Actuarial Science are being widely applied for decision making in different kind of situations. As with most tools, however, this book is of great use when the user understands its application and use. The user has to ensure the application which accurately reflects the real-life problems to be solved and that the results are correctly derived and then applied. Especially the target audience of this textbook is the young budding researchers in the field of Applied Mathematics and Actuarial Science.