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An optimal Bonus-Malus System (BMS) based on both the number of accidents and the severity of each accident was developed by Frangos and Vrontos (2001). In this paper we extend the work of Frangos and Vrontos (2001), Lemaire (1995) and Dionne and Vannasse (1989, 1992) using finite mixture...
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"This book examines applied and theoretical aspects of industrial engineering and related areas. It also explores empirical and theoretical research on the development, improvement, implementation, and evaluation of integrated systems in engineering"--Provided by publisher
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