Identifying of Profitability of the Client under Condition of Uncertainty

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Identifying of Profitability of the Client under Condition of Uncertainty

Popis výsledku v původním jazyce

Accurate client information is important for identifying of a profitability of a client, e.g. in the insurance business. In the real situations accurate information are usually not known as there is always uncertainty in input data / information. This uncertainty of input data is based on usage vague, sparse, partially inconsistent and subjective knowledge of experts. Decision-making under these conditions is difficult and can lead to incorrect results (decisions). The aim of this paper is to present easy approach how identifying of profitability of the client in insurance business under condition of input data uncertainty. The solution to the decision-making problem is based on the decision to extend or renew an insurance contract for next period (concretely two years). The solution of this problem is based on the decision-making task, which is graphically illustrated by a decision tree. This decision problem is solved for a fictitious client, but the necessary data sets are based on

Název v anglickém jazyce

Identifying of Profitability of the Client under Condition of Uncertainty

Popis výsledku anglicky

Accurate client information is important for identifying of a profitability of a client, e.g. in the insurance business. In the real situations accurate information are usually not known as there is always uncertainty in input data / information. This uncertainty of input data is based on usage vague, sparse, partially inconsistent and subjective knowledge of experts. Decision-making under these conditions is difficult and can lead to incorrect results (decisions). The aim of this paper is to present easy approach how identifying of profitability of the client in insurance business under condition of input data uncertainty. The solution to the decision-making problem is based on the decision to extend or renew an insurance contract for next period (concretely two years). The solution of this problem is based on the decision-making task, which is graphically illustrated by a decision tree. This decision problem is solved for a fictitious client, but the necessary data sets are based on

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Innovation Vision 2020: From Regional Development Sustainability to Global Economic Growth

ISBN

978-0-9860419-4-5

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

2587-2595

Název nakladatele

International Business Information Management Association (IBIMA)

Místo vydání

Amsterdam, Netherlands

Místo konání akce

Amsterdam

Datum konání akce

7. 5. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000360508700253