QUALIFLEX and ORESTE Methods for the Insurance Company Selection Problem
Journal Title: Alphanumeric Journal - Year 2016, Vol 4, Issue 2
Abstract
All assets and attempts of the people are threatened by uncertainty named as the risk. Insurance is a social security tool used to recover the loss that may arise as a result of the realization of risks. Insurance contract is established by mutual aggrement between an insurance company (insurer) and the insurance holder (insured). The insurer takes over the insurance coverage, the insured falls under the premium payment obligation with the insurance contract. The contract may be signed for life (personal accident, health), goods (automobiles, house, fire, transportation, engineering), liability, legal protection and credit. There are numerous insurance companies in the market and the contracts may change from insurance company to company. Therefore, it is important to select the insurance company that meets the business needs in the best way. This selection may be handled as a MCDM (Multi Criteria Decision Making) problem. MCDM problems refer to make a decision for the alternatives characterized by multiple, usually conflicting, criteria and there are several methods for solving MCDM problems. In this paper, QUALIFLEX (QUALItative FLEXible) and ORESTE (Organization, Rangement Et Synthese De Donnes Relationnelles) methods are used. The insurance company alternatives are ranked by these methods and the results are compared.
Authors and Affiliations
Ayşegül Tuş Işık
Keywords
Related Articles
- EP ID EP197278
- DOI 10.17093/aj.2016.4.2.5000194524
- Views 120
- Downloads 0
Text Mining as a Supporting Process for VoC Clarification
In product development, the foremost issue is to identify "what" the customers’ expectations would be from the product. As a promising approach to the product development, Quality Function Deployment also gives crucial i...
The Relationship Between Bank Loans And Economic Growth In Turkey: 1995-2010
In this study, we aim to determine the direction of the relationship between the economic growth and total credits of Turkish Banks. Accordingly, we analyzed this relationship for the period 1995-2010, by using quarterly...
Productivity Change: An Empirical Study on Turkish State Universities
As it is known universities are public institutions providing educational and training services. They are also engaged with research activities. The services provided by these institutions concerns very closely both the...
Determination of Factors Affecting Internal Migration in Turkey with Panel Data Analysis
Migrations which have a long past as the historyof mankind not only make to the people change their residance but also cause a good deal of social, cultural, economical and political consequences. In order to decrease th...
A SWOT-AHP Approach for Assessment of Medical Tourism Sector in Turkey
Each year, the citizens of many countries in the world visit different countries for the treatment of health problems. Turkey that offers quality, technology-driven and reasonably priced treatment service within the scop...