An Evaluation Model for Determining Insurance Policy Using AHP and Fuzzy Logic: Case Studies of Life and Annuity Insurances
نویسندگان
چکیده
-This study presents an evaluation model for purchasing life insurance and annuity insurance using analytical hierarchy process (AHP) and fuzzy logic. Four factors are considered as the inputs of the proposed model including age, annual income, educational level and risk preference. To build the model, we interviewed five experts with at least three years of working experience in an insurance company. In the proposed model, fuzzy logic is used to perform necessary mappings for inputs. The AHP is utilized to generate the weights for the evaluation model. Key-words: Life insurance; Annuity insurance; Decision making; Fuzzy logic; AHP
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