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Application of multicriteria system MKA-2 for multicriteria choice of the most preferred insurance "Motor Third

Application of multicriteria system MKA-2 for multicriteria choice of the most preferred insurance "Motor Third Party Liability (MTPL)" Elica Vandeva and Mariana Vassileva IIT-BAS. M ulticriteria analysis problems

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Application of multicriteria system MKA-2 for multicriteria choice of the most preferred insurance "Motor Third

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  1. Application of multicriteria system MKA-2 for multicriteria choice of the most preferred insurance "Motor Third Party Liability (MTPL)" Elica Vandeva and Mariana Vassileva IIT-BAS

  2. Multicriteria analysis problems Multicriteria analysis problem may be described by a decision matrix A(nxk), which can be defined intwo ways, where: Ai denotes an alternative with an index i, i=1,…,n; Kj denotes a criterion with an index j, j=1,…,k..

  3. Main groups of multicriteria analysis problems 1) The discrete multicriteria choice problems, 2) The ranking problems, 3) The sorting problems.

  4. Methods of multicriteria analysis 1. AHP method (Saaty) – weighting method. 2. PROMETHEE II method(Brans and Mareschal) – outranking methods. 3. CBIM method (N a r u l a et al.) – interactive method.

  5. Operation with multicriteria system MKA-2 Choose the best of MTPL insurance. Consider acar with engine capacity1581 cubic centimetres, region of use is Sofia and 30 years of driving. The criteria to be evaluated are: 1. Cost of MTPLinsurance; 2. Cost of First installment; 3. Cost of Next installments; 4. Totalcost of Payment 5. Bonus in Casco in the same insurance company. Thealternatives are as follows: 1.Bulgarian Property; 2.Victoria Insurance; 3. Bul Ins.

  6. The objective of the task:Choosing the best MTPLinsurance.

  7. Criterion type: Cost of MTPL insurance – quantitative criterion, Cost ot First installment – quantitative criterion.

  8. Criterion type: Cost of Next installments –arranging criterion. Total cost of Payment – qualitative criterion.

  9. Criterion type: Bonus in Casco – weight criterion.

  10. Methods:

  11. Analytic Hierarchy Process

  12. Analytic Hierarchy Process

  13. Analytic Hierarchy Process

  14. Prometee II Method

  15. Prometee II Method

  16. Classification-Based Interactive Method

  17. Classification-Based Interactive Method

  18. Classification-Based Interactive Method

  19. Classification-Based Interactive Method

  20. ACKNOWLEDGEMENT This work was supported by the European Social Fund and the Bulgarian Ministry of Education and Science under the Operation programme “Human Resources Development”, Grant scheme BG051PO001/07/3.3-02 „Support for the Develop­ment of PhD Students, Post-doctoral Students, Post-graduate Students and Young Scientists”, Grand# BG051PO001/07/3.3-02/7.

  21. Thank you for your attention!

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