Operations Research: International Conference Series
Vol. 5 No. 1 (2024): Operations Research International Conference Series (ORICS), March 2024

Calculation of the Level of Death Risk in Traffic Accidents Based On Aggregate Loss Costs

Audina, Maudy Afifah (Unknown)
Hasanah, Anggraeni Mafhul (Unknown)



Article Info

Publish Date
27 Mar 2024

Abstract

The transportation sector is undergoing transformative changes, driven by the emergence of autonomous vehicles and advancements in smart transportation systems. However, these innovations pose novel challenges, particularly in mitigating the risk of fatalities in traffic accidents. This study focuses on estimating death risk in traffic accidents by analyzing aggregate loss costs within the context of traffic safety. Employing a quantitative approach, the research utilizes the Poisson distribution to model the frequency of fatal incidents and the exponential distribution function to depict the distribution of associated losses. The study's objective is to calculate aggregate losses, offering insights into the potential severity of risks. Through a comprehensive analysis, the results affirm the efficacy of the Poisson and exponential distributions in assessing death risk in traffic accidents, with the highest estimated aggregate loss cost reaching Rp3.734.832,09. 

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Journal Info

Abbrev

Orics

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Description

Operations Research: International Conference Series (ORICS) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of ORICS to present papers which cover the theory, practice, history or methodology of OR. However, since OR ...