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.

Publication Information
Article Title: A Note on Decision Models for Insurers
Journal: Journal of Risk & Insurance (1974)
Vol. 61, No. 3
Author(s): Lee, Sang M;  Klock, D.
Researcher Information
Lee, Sang M
Lee, Sang M
  • Entrepreneurship
  • Information Systems
  • International - Europe
  • International - South and Central America
  • International - Asia
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