Determination of the Expected Value of Losses Caused by the Cargo Transportation Insurance Risks by Water Transport
Journal: Inventions
Year: 2022

The purpose of this study was mathematical model development for assessing the cost of losses from risks in the maritime transportation of goods that are dynamic in nature, and developing a methodical approach to the dynamic costs assessment for each of the risks separately and integral costs for all risks and ensuring the fulfillment of the requirement to anticipate the insurance cost changes over the rate of change of the transportation integral risk (or its stage). The risks factor analysis i