Some probabilty applications to the risk analysis in insurance theory.
In this paper, with the assumptions that an infectious disease has a fixed latent period in a population and the latent individuals of the population may disperse, we reformulate an SIR model for the population living in two patches (cities, towns, or countries etc.), which is a generalization of the classic Kermack-McKendrick SIR model. The model is given by a system of delay differential equations with a fixed delay accounting for the latency and non-local terms caused by the mobility of the...
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