Bernoulli's equation is a simple but incredibly important equation in physics and engineering that can help us understand a lot about the flow of fluids in the world around us. It essentially ...

Now, consider an insurance model where payouts are triggered automatically based on pre-set conditions, like a specific level of rainfall or wind speed. This is the promise of parametric insurance — a ...

Parametric insurance provides predetermined payouts when specific triggers – such as extreme weather conditions, supply chain delays, or non-damage business interruption events – are met.

Paul Jones, head of parametric solutions for the UK and Europe at Lockton, has discussed how parametric insurance can help retailers address financial risks related to unpredictable weather ...

The dual degree program in Mathematics and Industrial Engineering at Gallaudet University and Rochester Institute of Technology is a cooperative 5-year study program that enables students to obtain a ...

That's kind of a big deal. Schrödinger’s equation is the mathematical model at the heart of quantum mechanics. Although we can use Newton's second law to understand the behavior of a baseball ...

which are essential for understanding the expected number of renewals over a finite interval. Recent work has improved existing bounds for renewal functions and proposed new equations to better ...