Climate-related disasters in East Asia have been recently increasing due to enhanced climate variability and climate change. Moreover, the frequency and intensity of typhoons and associated disasters ...

This paper focuses on modeling and estimating tail parameters of loss distributions from Taiwanese commercial fire loss severity. Using extreme value theory, we employ the generalized Pareto ...

In this communication, we develop and analyse an inventory model with the assumption that the lifetime of the commodity is random and follows a generalized Pareto distribution. It is also assumed that ...

We introduce several possibilities for the estimation of the shape parameter of the generalized Pareto distribution through expert opinions, in an ideal context where expert opinions come from self ...

Pareto distribution is a power-law probability distribution named after Vilfredo Pareto (1848-1923), an Italian economist, civil engineer and sociologist. Despite being a typical mathematical function ...