CIRILLO, PASQUALE; HÜSLER, JÜRG; MULIERE, PIETRO - In: International Journal of Theoretical and Applied … 13 (2010) 08, pp. 1223-1240
In this paper we propose a new nonparametric approach to interacting failing systems (FS), that is systems whose probability of failure is not negligible in a fixed time horizon, a typical example being firms and financial bonds. The main purpose when studying a FS is to calculate the...