A Note on Decision Models for Insurers

This article examines the goal programming approach for simultaneous decision analysis in insurance companies. Goal programming is a unique derivative of linear programming. Goal programming is capable of dealing with decisions that involve a single goal with many sub-goals or a problem with multiple goals and multiple sub-goals. Unlike the linear programming method (which has an unidimensional objective function either maximize profits or minimize costs), the goal programming model handles multiple goals in non-homogeneous units of measure.

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	Lee, Sang M Emeritus Expertise: Entrepreneurship Information Systems International - Europe International - South and Central America International - Asia Management CBA 251 P.O. Box 880491 University of Nebraska-Lincoln Lincoln, NE 68588-0491, USA Phone: (402) 472-3915 Fax: (402) 472-5855 slee1@unl.edu	Lee, Sang M	Management