Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Operations Research: International Conference Series
Rahadi, Fabiyan
Unknown Affiliation
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Determination of Microinsurance Premiums in Cattle Farms Based on Protein Content Index and Milk Production Using the Black-Scholes Method Rahadi, Fabiyan; Susanti, Dwi; Halim, Nurfadhlina Binti Abdul
Operations Research: International Conference Series Vol. 4 No. 2 (2023): Operations Research International Conference Series (ORICS), June 2023
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v4i2.227

Abstract

Micro insurance is an insurance product that is intended for low-income people with features and administration that are simple, easy to obtain, economical prices and immediate settlement of compensation. Cattle business insurance is an effort to protect breeders in event of a risk of death and loss of cattle, this insurance product is a protection against worries the burden of a large premium. This study aims to calculate the premium price using the Black-Scholes method. In this study, a correlation analysis was conducted to determine the influence the protein content on cow’s milk production. Then, modelling the protein content using ARIMA-GARCH and determining the premium using the Black-Scholes method. The results showed that the protein content of milk in cow’s milk production has a positive correlation. Protein content follows the ARIMA(1,0,0)-GARCH(1) model. Based on the results of the analysis it can be concluded that the bigger protein content in milk, the higher premium that needs to paid. 
Co-Authors Dwi Susanti Halim, Nurfadhlina Binti Abdul