Intelligent Decision Support in Proportional–Stop-Loss Reinsurance Using Multiple Attribute Decision-Making (MADM)

Wang, Shirley Jie Xuan; Poh, Kim-Leng

doi:10.3390/jrfm10040022

Cited by 3 publications

(1 citation statement)

References 12 publications

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“…Zavadskas and colleagues (2016) classified it as the second most used and provided alternatives including analytical hierarchy process (AHP), analytic network process (ANP), preference ranking organisation method for enrichment evaluation (PROMETHEE), and elimination and choice expressing the reality (ELECTRE) (see Wang & Poh, 2017;Aouadni, Rebai & Turskis, 2017). The results can be described simply as values calculated based on the shortest distance to a positive ideal solution (i.e.…”

Section: Topsis As a Methods Of Multi-criteria Evaluationmentioning

confidence: 99%

Application of Multi-Criteria Analysis on Theatres’ Efficiency – Czech and Polish Comparative Case Studies

et al. 2021

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Institutions (theatres) evaluated in this paper are mediators of an unrepeatable interpretive art and they need funds from public resources of different government levels to ensure their activities. The aim of the present paper is to evaluate the efficiency of theatre management of 93 evaluated public theatres in the Czech Republic and Poland through 11 indicators. The evaluated weights of chosen indicators were determined by the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), in combination with the chosen objective method for determining the importance of indicators. From the results it is evident that big multi-genre theatres producing more genres of interpretive art (drama, opera, ballet, musical) with a bigger number of employees had the worst results in both states.

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Section: Topsis As a Methods Of Multi-criteria Evaluationmentioning

confidence: 99%

Application of Multi-Criteria Analysis on Theatres’ Efficiency – Czech and Polish Comparative Case Studies

et al. 2021

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Determination of optimal insurance company reimbursement by using exponential utility functions

Lesmana

Hasbullah

Rosario

et al. 2019

IOP Conf. Ser.: Mater. Sci. Eng.

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In an insurance company, it is very possible that there is an imbalance between the amount of the premium and the amount of claims submitted by the insured. In managing the risk of such an imbalance, the insurance company must be able to make a decision to determine the appropriate amount of premium based on a number of claims by the insured. To make these decisions, insurance companies can do so by using certain utility functions. This paper examines the use of exponential utility functions in transferring risk between insurance companies, optimal Pareto exchanges, equilibrium, Bowley solutions, and optimal reinsurance purchases. Furthermore, using the exponential utility function is calculated the optimal amount of reimbursement that will be carried out by the insurer. The results of the discussion obtained the factors that influence the calculation and the optimal amount of reimbursement value, from a property policy or group policy that needs to be carried out by the insurer. So that based on the results of the optimal reimbursement calculation, it can be used to determine the balance between the amount of the premium and the amount of claims that may be submitted by the insured.

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Energy Performance of the European Union Countries in Terms of Reaching the European Energy Union Objectives

Vavrek

Chovancová

2020

Energies

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European energy policy, especially the project of the Energy Union, is one of the most rapidly developing areas of the EU, and one through which European institutions are obtaining gradually more extensive power over the performance of the national energy sectors. The paper focuses on an analysis of the energy performance of EU member states (MS) with regard to the priorities of the European Energy Union. For an assessment of the energy performance of EU countries, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) was chosen, using the Coefficient of Variation method (CV) as an objective method for determining the weights of eight input indicators, including CO2 intensity, electricity and gas price, energy productivity, energy dependence, consumption of renewables and research and development. The analysis for the period from 2008 to 2016 showed significant changes in the input indicators, which directly influenced the results of both methods mentioned above. Long-term differences between the best- and worst-rated countries are seen mainly in CO2 emissions, energy imports and total consumption of renewable energy sources. It is these aspects of comprehensive energy performance and their convergence at the level of EU countries that we believe should be addressed in the near future.

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Intelligent Decision Support in Proportional–Stop-Loss Reinsurance Using Multiple Attribute Decision-Making (MADM)

Cited by 3 publications

References 12 publications

Application of Multi-Criteria Analysis on Theatres’ Efficiency – Czech and Polish Comparative Case Studies

Application of Multi-Criteria Analysis on Theatres’ Efficiency – Czech and Polish Comparative Case Studies

Determination of optimal insurance company reimbursement by using exponential utility functions

Energy Performance of the European Union Countries in Terms of Reaching the European Energy Union Objectives

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