When constructing parametric models to predict the cost of future claims, several important details have to be taken into account: (i) models should be designed to accommodate deductibles, policy limits, and coinsurance factors, (ii) parameters should be estimated robustly to control the...

Insurance loss data are usually in the form of left-truncation and right-censoring due to deductibles and policy limits, respectively. This paper investigates the model uncertainty and selection procedure when various parametric models are constructed to accommodate such left-truncated and...

Ventilation Corridor is an important technique to mitigate local climate problems. Evaluating the benefits of ventilation corridors has gradually become the standard of its construction in cities. Previous studies have often analyzed the volume of ventilation from the perspective of geometric...

A single-parameter Pareto model, Pareto I, arises in many areas of application such as pricing of insurance risks, measuring income or wealth inequality in economics, or modeling lengths of telephone calls in telecommunications. In insurance, for example, it is common to work with data that are...