Year 2017, Volume 18 , Issue 1, Pages 115 - 121 2017-03-31

THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION

Murat KIRKAĞAÇ [1] , Övgücan KARADAĞ ERDEMİR [2] , Yasemin GENÇTÜRK [3]


In this study, the demand for comprehensive insurance is analysed using utility theory and system simulation. A simulation study is performed to assess the behaviour of individuals with different income levels for the demand of comprehensive insurance. Simulation assumptions and input-output variables are determined using the real data set from a Turkish insurance company and the report about the insurance activities in Turkey for year 2014. The effects of income level, expected claim severity and premium level on the demand for insurance are investigated. It is concluded that while an increase in income level and expected claim severity causes an increase in the demand, an increase in premium level causes a decrease in the demand.

Subjects Engineering
Journal Section Articles
Authors

Author: Murat KIRKAĞAÇ

Author: Övgücan KARADAĞ ERDEMİR

Author: Yasemin GENÇTÜRK

Dates

Publication Date : March 31, 2017

Bibtex @research article { aubtda300425, journal = {Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering}, issn = {1302-3160}, eissn = {2146-0205}, address = {}, publisher = {Eskisehir Technical University}, year = {2017}, volume = {18}, pages = {115 - 121}, doi = {10.18038/aubtda.300425}, title = {THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION}, key = {cite}, author = {Kırkağaç, Murat and Karadağ Erdemi̇r, Övgücan and Gençtürk, Yasemin} }
APA Kırkağaç, M , Karadağ Erdemi̇r, Ö , Gençtürk, Y . (2017). THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION . Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering , 18 (1) , 115-121 . DOI: 10.18038/aubtda.300425
MLA Kırkağaç, M , Karadağ Erdemi̇r, Ö , Gençtürk, Y . "THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION" . Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18 (2017 ): 115-121 <https://dergipark.org.tr/en/pub/aubtda/issue/28283/300425>
Chicago Kırkağaç, M , Karadağ Erdemi̇r, Ö , Gençtürk, Y . "THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION". Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18 (2017 ): 115-121
RIS TY - JOUR T1 - THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION AU - Murat Kırkağaç , Övgücan Karadağ Erdemi̇r , Yasemin Gençtürk Y1 - 2017 PY - 2017 N1 - doi: 10.18038/aubtda.300425 DO - 10.18038/aubtda.300425 T2 - Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering JF - Journal JO - JOR SP - 115 EP - 121 VL - 18 IS - 1 SN - 1302-3160-2146-0205 M3 - doi: 10.18038/aubtda.300425 UR - https://doi.org/10.18038/aubtda.300425 Y2 - 2021 ER -
EndNote %0 Anadolu Üniversitesi Bilim Ve Teknoloji Dergisi A - Uygulamalı Bilimler ve Mühendislik THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION %A Murat Kırkağaç , Övgücan Karadağ Erdemi̇r , Yasemin Gençtürk %T THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION %D 2017 %J Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering %P 1302-3160-2146-0205 %V 18 %N 1 %R doi: 10.18038/aubtda.300425 %U 10.18038/aubtda.300425
ISNAD Kırkağaç, Murat , Karadağ Erdemi̇r, Övgücan , Gençtürk, Yasemin . "THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION". Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18 / 1 (March 2017): 115-121 . https://doi.org/10.18038/aubtda.300425
AMA Kırkağaç M , Karadağ Erdemi̇r Ö , Gençtürk Y . THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION. AUBTD-A. 2017; 18(1): 115-121.
Vancouver Kırkağaç M , Karadağ Erdemi̇r Ö , Gençtürk Y . THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering. 2017; 18(1): 115-121.
IEEE M. Kırkağaç , Ö. Karadağ Erdemi̇r and Y. Gençtürk , "THE ANALYSIS OF THE COMPREHENSIVE INSURANCE DEMAND FOR TURKEY USING UTILITY THEORY AND SYSTEM SIMULATION", Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering, vol. 18, no. 1, pp. 115-121, Mar. 2017, doi:10.18038/aubtda.300425