Determination of insurance policy using a hybrid model of AHP, fuzzy logic, and Delphi technique: A case study

WSEAS Transactions on Computers

Volumn 7, Issue 6, 2008, Pages 660-669

  Huang, Chin Sheng ^a   Lin, Yu Ju ^a   Lin, Che Chern ^b  

^a NATIONAL YUNLIN UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Taiwan)

^b NATIONAL KAOHSIUNG NORMAL UNIVERSITY   (Taiwan)

Author keywords

AHP; Decision making; Delphi technique; Evaluation model; Fuzzy logic; Insurance policy

Indexed keywords

ANALYTIC HIERARCHY PROCESS; CONTRACTS; FUZZY INFERENCE; FUZZY LOGIC; FUZZY SETS; FUZZY SYSTEMS; HEALTH RISKS; HIERARCHICAL SYSTEMS; INSURANCE; INVESTMENTS; MEMBERSHIP FUNCTIONS; OCCUPATIONAL RISKS;

AHP; ANALYTICAL HIERARCHY PROCESS; CASE STUDIES; COMPUTER PROGRAMS; DECISION MAKING; DELPHI TECHNIQUE; DOMAIN EXPERTS; EVALUATION MODEL; EVALUATION MODELING; EVALUATION RESULTS; EVALUATION RULES; FUZZY LOGICS; FUZZY VARIABLES; HYBRID MODEL; INSURANCE COMPANIES; INSURANCE POLICIES; INSURANCE POLICY; RISK PREFERENCES;

FINANCE;

EID: 48749096790     PISSN: 11092750     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (22)

1. L. A. Zadeh, Discussion: Probability Theory and Fuzzy Logic Are Complementary Rather Than Competitive, Technometrics, Vol.37, No.3, 1995, pp 271-276.
2. Lin, V. Chen, C. Yu and Y. Lin, A Schema of a Decision Support System to Determine Basketball Zone Defense Patterns Using a Fuzzy Expert System, WSEAS Transactions on Computers, Vol.8, No.5, 2006, pp1761-1766.
3. Lin, V. Chen, C. Yu and Y. Lin, A Schema to Determine Basketball Defense Strategies Using a Fuzzy Expert System, The 7th WSEAS international conference on Fuzzy Systems, Cavtat, Croatia, June, 2006, pp49-54.
4. F. Shapiro, Fuzzy Logic for Insurance, Insurance: Mathematics and Economics, Vol. 35, No. 2, 2004, pp. 399-424.
5. J. Sanchez, Calculating Insurance Claim Reserves with Fuzzy Regression, Fuzzy Sets and Systems, Vol. 157, No. 23, 2006, pp. 3091-3108.
6. J. D. Cummins and R. A. Derrig, Fuzzy Trends in Property-Liability Insurance Claim Costs, The Journal of Risk and Insurance, Vol.60, No.3, 1993, pp429-465.
7. V. R. Young, Insurance Rate Changing: A Fuzzy Logic Approach, The Journal of Risk and Insurance, Vol.63, No.3, 1996, pp. 461-484.
8. Thomas L. Saaty., The Analytic Hierarchy Process, New York, McGraw-Hill, 1980.
9. Y. Wind and T. L. Saaty, Marketing Applications of the Analytic Hierarchy Process, Management Science, Vol. 26, No.7, 1980, pp.641-658.
10. R. Puelz, A Process for Selecting a Life Insurance Contract, The Journal of Risk and Insurance, Vol. 58, No.1, 1991, pp.138-146.
11. T. Arslan and J. Khisty, A Rational Reasoning Method from Fuzzy Perceptions in Route Choice, Fuzzy Sets and Systems, Vol. 150, No. 3, 2005, pp.419-435.
12. C. Huang, Y. Lin, and C. Lin, An Evaluations model for determining Insurance Policies Using AHP and Fuzzy Logic: Case Studies of Life and Annuity Insurance, The 8th WSEAS international conference on Fuzzy Systems, Vancouver, Canada, June 19-21, 2007, pp. 126-131
13. http://en.wikipedia.org/wiki/Delphi_method.
14. http://www/learn-uas.com/transformation_process/acf001.htm
15. http://www.carolla.com/wp-delph.htm
16. J. Landeta, Current validity of the Delphi method in Social Sciences, Technological Forecasting and Social Change, Vol. 73, 2006, pp. 467-482.
17. S.B. Sharkey and A.Y. Sharples, An Approach to Consensus Building Using the Delphi Technique: Developing a Learning Resource in Mental Health, Nurse Education Today, Vol. 21, 2001, pp. 398-408.
18. S.J. van Zolingen and C.A. Klaassen, Selection Processes in a Delphi Study about Key Qualifications in Senior Secondary Vocational Education, Technological Forecasting and Social Change, Vo. 70, 2003, pp. 317-340.
19. G. Rowe and G. Wright, The Delphi Technique as a Forecasting Tool: Issues and Analysis, International Journal of Forecasting, Vol. 15, 1999, pp. 353-375.
20. U.G. Gupta and r. E. Clarke, Theory and Application of the Delphi Technique: A Bibliography, Technological Forecasting and Social Change, Vol. 53, 1996, pp. 185-211.
21. http://creatingminds.org/tools/delphi.htm
22. http://www.stat.gov.tw/public/data/dgbas03/bs4/nis93/np01.xls