International Journal of Advanced Science and Computer Applications
Vol. 1 No. 1: March 2022

Implementation of the Analytical Hierarchy Process Method and Multi Objective Optimization on the Basis of Ratio Analysis in the Selection of Insurance Products

Haviluddin Haviluddin (Informatics Study Program, Faculty of Engineering, Mulawarman University)
Edy Budiman (Informatics Study Program, Faculty of Engineering, Mulawarman University)
Rendy Ramadhan (Informatics Study Program, Faculty of Engineering, Mulawarman University)

Article Info

Publish Date
05 Jan 2022

Abstract

Insurance product offerings are not always understood by prospective customers (CN) due to limited information related to products. This can cause confusion so that CN does not want to buy it. The purpose of this study is to analyze the selection of insurance products PT. AIA Financial Samarinda, East Kalimantan, Indonesia uses the Analytical Hierarchy Process (AHP) and Multi Objective Optimization on the Basis of Ratio Analysis (MOORA) approach so that CNs can choose based on insurance product facilities that match their abilities. In this study, as many as 10 types of insurance products and 10 CN criteria were then analyzed based on the two methods used. Then, the calculation accuracy of the two methods has been using the confusion matrix (CM) method. Based on the results of CM calculations from 27 CN datasets with a conformity level of 81.5%, it has been obtained which indicates that the two methods can be implemented as an alternative in choosing insurance products according to ability or based on CN criteria. The results show that this method is quite effective, efficient and relatively easy to use in determining insurance products that meet the criteria or according to CN's economic capabilities

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Journal Info
International Journal of Advanced Science and Computer Applications
Website

Abbrev

ijasca

Publisher

UK Institute

Subject

Aerospace Engineering Agriculture, Biological Sciences & Forestry Automotive Engineering Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Earth & Planetary Sciences Electrical & Electronics Engineering Energy Environmental Science Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering

Description

International Journal of Advanced Science and Computer Applications (IJASCA) is a peer-reviewed open-access journal. The journal invites scientists and engineers throughout the world to exchange and disseminate theoretical and practice-oriented the whole spectrum of Advanced Science and Computer ...