A specific (and relatively new) type of financial calculations are actuarial operations, which represent a special (in majority of countries they are usually licensed) sphere of activity related to identifications of risks outcomes and market assessment of future (temporary) borrowed current assets and liabilities costs for their redemption.
The broad range of existing and applicable actuarial calculations require use of various methods and inevitably predetermines a necessity of their alteration depending on concrete cases of comparison analysis and selection of most efficient of them.
The condition of success is a typology of actuarial calculations methods, based on existing typology fields and objects of their applications, as well as knowledge of rule for selection of most efficient methods, which would provide selection of target results with minimum costs or high accuracy.
Regarding the continuous character of financial transactions, the actuarial calculations are carried out...
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References and Further Reading
Benjamin B, Pollard JH (1980) The analysis of mortality and other actuarial statistics, 2nd edn. Heinemann, London
Black K, Skipper HD (1987) Life insurance. Prentice Hall, Englewood Cliffs, New Jersey
Booth P, Chadburn R, Cooper D, Haberman S and James D (1999) Modern actuarial theory and practice. Chapman and Hall/CHC, London, New York
Simchera VM (2003) Introduction to financial and actuarial calculations. Financy and Statistika Publishing House, Moscow
Teugels JL, Sundt B (2004) The encyclopedia of actuarial science, 3 vols. Wiley, Hoboken, NJ
Transactions of International Congress of Actuaries, vol. 1–10; J Inst Actuar, vol. 1–150
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Simchera, V. (2011). Actuarial Methods. In: Lovric, M. (eds) International Encyclopedia of Statistical Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04898-2_635
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