Estimation of the Costs of Traffic Accidents in Turkey: An Evaluation in Terms of the Insurance and Financial System

Özen, Ercan; Genç, Erhan; Kaya, Zübeyde

doi:10.19168/jyu.94397

Cited by 9 publications

(9 citation statements)

References 18 publications

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“…An Internet of Things (IoT) box put in the classrooms, cafeteria, and dorm rooms for the students. It has an Arduino Uno module, a Raspberry Pi 3 microprocessor, and sensors for humidity, sound, temperature, and sunlight, as well as three pieces of network equipment [52][53][54][55].…”

Section: ) User Interface Developmentmentioning

confidence: 99%

Parametric Evaluation Techniques for Reliability of Internet of Things (IoT)

Singh¹,

Singh²,

Barak³

et al. 2023

IJCMEM

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Reliability analysis aims to assess the dependability and performance of a system over time, considering factors such as device failures, communication issues, and data integrity. By integrating taxonomy and reliability analysis, researchers can systematically analyze and enhance the reliability of IoT systems by addressing specific components and categories identified in the taxonomy. IoT based on its reliable applications is classified among various categories such as smart home devices, smart watches, electric vehicles with IoT capabilities, industrial, healthcare, agriculture, soil monitoring sensors, smart city infrastructure, environmental monitoring devices, and smart energy management devices. The need for a consistent taxonomy was one of the problems recognized and examined in this paper even though IoT management technology is developing. To examine the reliability analysis of IoT systems, we created a brand-new taxonomy for IoT gadgets that places a strong focus on administration. We have released a completely new IoT reliability RBD model analysis at different gateways and Round-Trip Time is to be analyzed. It features an aircraft for dependability. Our goal is to help administrators of networks, as well as designers, put processes in place that will analyze and enhance the reliability of IoT systems. To implement techniques to increase the IoT system's reliability, we may utilize the management capabilities to keep an eye on the devices. ChatGPT can act as the conversational interface for ISABELA. By integrating ChatGPT with ISABELA's functionality, users can have natural language conversations with ISABELA, making the interaction more intuitive and user-friendly. A use case study of ISABELA has enhanced the position of the CHATGPT system in the IoT system which increase the efficiency and reliability of IoT designs and networks.

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Section: ) User Interface Developmentmentioning

confidence: 99%

Parametric Evaluation Techniques for Reliability of Internet of Things (IoT)

Singh¹,

Singh²,

Barak³

et al. 2023

IJCMEM

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“…A national accounting system of the resource losses due to road accidents does not exist for Punjab. In Germany, the Federal Highway Research Institute determines the costs resulting from road traffic accidents annually [20]. Therefore, the recommendation for Punjab is to establish an economic road accident cost bill in order to calculate the economic loss related to road accidents.…”

Section: Cost Unit Rates For Fatalities and Injured Personsmentioning

confidence: 99%

An Empirical Study to Estimate the Economic Effects of the Introduction of a Periodical Technical Inspection (PTI) for Motor Vehicles in Punjab (Pakistan)

Schulz¹,

Franck²

2021

TOTJ

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Aims: In 2016, the government of Punjab (Pakistan) established a new system for inspecting road vehicles. The inspection system tests the roadworthiness, noise level, and emissions from the vehicles. These test metrics have further economic benefits that will be analyzed throughout the study. As the main aim of this study, we provide an economic impact analysis of the introduction of a periodical technical inspection (PTI) system that acts as a basis for political decision-making. Background: We used a cost-benefit analysis (CBA) to assess the economic impact of the introduction of a periodical technical inspection (PTI) in Punjab. With the CBA, the economic benefits and costs can be empirically weighed against each other to provide a precise result for policymakers. Such results could help in decision-making regarding new policies, such as whether to introduce a new system or not. This is especially important for the region of Punjab since it has a large population and a substantial number of cars which lead to many fatal car accidents. A primary reason for the numerous fatal accidents is the poor quality of the present vehicle stock. Punjab lacks a regulatory body that systematically ensures that all vehicles on the road are safe and of good quality. Therefore, an effective approach to reducing fatalities would be the introduction of a systematic inspection body that controls vehicle quality. Objective: The objective of this study is to assess the feasibility and effectiveness of introducing a PTI in the region of Punjab. To this end, we calculate a benefit-cost ratio and determine whether the PTI would have a positive economic impact on the region. Throughout the analysis, cutting-edge empirical methodologies are used to provide a structured approach for precise assessment of the benefit-cost ratio related to the introduction of a PTI system. Methods: To weigh in on the benefits and costs, we used a CBA analysis. This method is commonly used in welfare economics to find out if certain measures are socially desirable. The overall result of the CBA is a benefit-cost ratio (BCR). Ratios greater than one prove that the system implementation is profitable for society. Such an analysis provides an empirically supported result that can be used throughout the decision-making process in the public sector. Results: According to our analysis, the implementation of a PTI together with an emission test would yield a benefit-cost ratio of 12.45. A benefit-cost ratio of 10 means that one dollar invested in the PTI results in an economic benefit of 10 dollars in Punjab. The introduction of a PTI system would have a positive impact on the economic welfare of Punjab and is therefore socially desirable. The empirical results show a high degree of statistical significance (p = 0.001). Due to this, the coefficients of the cause-effect relationships can be interpreted unambiguously. Avoiding an estimated 198 fatalities would enable accident-related savings of US$ 11,616,462. Moreover, 382 fewer injured people would lessen the financial burden on the state by another US$ 1,568,874. The total estimated emission savings would amount up to $2,647,966.87. Altogether, the benefits arising from the implementation of PTI would equate to US$ 15,833,302,9.We calculate that the sum of all inspection fees (for a total of 179,977 vehicles inspected) is to be US$ 1,271,460. When leveraged against each other, the savings and fees lead to a benefit-cost ratio (BCR) of 12.45. Conclusion: The implementation of PTI would have a significant and measurable effect on the reduction of road accidents in Punjab. The list of potential benefits is not exhaustive, as other effects, like noise reduction, could not be considered due to missing data. Despite considering a limited list of benefits, we have demonstrated a high BCR which speaks in favour of the introduction of PTI and its favourable impact on Punjab’s economic welfare.

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“…Transportation is one of the most important issues of our life and age. The highway, seaway, railway and airway are used for transportation [1]. The highway is the oldest form of transportation in history.…”

Section: Introductionmentioning

confidence: 99%

Slime mould algorithm based approaches to solve traffic insurance gross premiums of Türkiye

ASLAN

2024

Journal of Soft Computing and Artificial Intelligence

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Highway traffic injuries are a major public health problem for all nations. As it is seen in the whole world, also in Türkiye, road traffic crashes are among the ones that cause death. As a result, road traffic congestion and fatalities represent a significant cost to national economies. The compulsory motor vehicle liability insurance is one of the most common types of insurance, both because it is compulsory and because the number of motor vehicles in Türkiye is very high. Therefore, estimation of the traffic insurance gross premiums (TIGP) problem is being an important problem for Türkiye as well as the other countries. In this study, in order to make some proper TIGP estimations for Türkiye, three different SMA methods such as SMA-Linear, SMA-Quadratic and SMA-Exponential are proposed. In the experiments, the population, number of vehicles and number of accidents and the observed TIGP historical data records of Türkiye taken from Turkish statistical institute (TUIK) and Turkish insurance association (TSB) for the years (2009-2020) have been used. First, the models are constructed using the SMA-Linear, SMA-Quadratic and SMA-Exponential methods, and then the methods based on the SMA-Linear, SMA-Quadratic and SMA-Exponential models are used to estimate the TIGP values for the years (2009-2020). According to the experimental results, SMA-Quadratic methods is produced better or comparable performance on the problem dealt with this study in terms of solution quality and robustness.

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Estimation of the Costs of Traffic Accidents in Turkey: An Evaluation in Terms of the Insurance and Financial System

Cited by 9 publications

References 18 publications

Parametric Evaluation Techniques for Reliability of Internet of Things (IoT)

Parametric Evaluation Techniques for Reliability of Internet of Things (IoT)

An Empirical Study to Estimate the Economic Effects of the Introduction of a Periodical Technical Inspection (PTI) for Motor Vehicles in Punjab (Pakistan)

Slime mould algorithm based approaches to solve traffic insurance gross premiums of Türkiye

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