Joint life is an insurance that covered two or more individuals in one policy. This research aims to determine the value and comparison of fixed deposit rate premium and stochastic rate with Vasicek model. It used prospective calculation method. The mortality table in the research used TMI-2011, for participant were couple age 40 and 35 years old with 10 year premium payment. Under this condition the value of constant rate premium and Vasicek rate premium is and . Besed of this research showed the value of the Vasicek rate premium is smaller than constant rate premium.
Over the last two decades, tourism has been successfully proved its significant effect on Bali economic development as well to increase people wealthiest. Since 2010, tourism in Bali contributes more than 35 percent in formulating the regional domestic product. In addition, this sector and its related industries also absorb more than 41 percent of Bali labor force. It is well known that tourism in Bali based on its cultural uniqueness where Uluwatu and Taman Ayun temples are two famous cultural destinations for foreign as well as domestic tourists. This work is directed to elaborate the effect of visitors motivation visited Uluwatu and Taman Ayun temples toward their loyalties. By positioning internal and external motives as the antecedents of tourists’ loyalties and their satisfaction as a mediating construct, the structural equation model (SEM) is built. A hundred visitors of Uluwatu or Taman Ayun were asked to fill out the questionnaire with 5-scaled Likert’s items on August 2017. By applying variance-based SEM, both types of motivations show a significant role in forming visitors’ satisfaction, but only the external motive affect visitors’ loyalties, significantly. Examining the mediating role of visitors’ satisfaction, there is no evidence this construct able to strengthen the effect of internal and/or external tourists’ motives in forming their loyalties.
This paper presents a unit-linked insurance which is a modern insurance. The policyholders will get benefits of insurances and investment. The aim of this research is to analysis of unit link insurance products in Indonesia. Especially to analysis the mortality cost, premium, return, and profit of the product. The method used is a stochastic profit testing method and the results of the study show that mortality cost offered by the three unit link companies selected as the sample of this study are greater than the insurance costs calculated based on the Indonesian Mortality Table. From comparing different unit linked insurance plans, only one plan is sufficient to fund the guarantee. While others have to do a Top-up premium.
The were two aims of this research. First is to get model of the relation between the latent variable quality of service and product quality to customer satisfaction. The second was to determine the influence of service quality on customer satisfaction and the influence of product quality on consumer satisfaction at Burger King Bali. This research implemented Partial Least Square method with 3 second order variables is the service quality, product quality, and customer satisfaction. In this research also used 5 first order variables to explain the variable service quality are tangibles, empathy, reliability, responsiveness, assurance and 6 first order variables to explain the variable quality product are performance, reliability, feature, durability, conformance, and design. Samples used in this research is 100. The results of this research indentify that the service quality and product quality affect customer satisfaction at Burger King.
Option is a contract between the writer and the holder which entitles the holder to buy or sell an underlying asset at the maturity date for a specified price known as an exercise price. Asian option is a type of financial derivatives which the payoff taking the average value over the time series of the asset price. The aim of the study is to present the Monte Carlo-Control Variate as an extension of Standard Monte Carlo applied on the calculation of the Asian option price. Standard Monte Carlo simulations 10.000.000 generate standard error 0.06 and the option price convergent at Rp.160.00 while Monte Carlo-Control Variate simulations 100.000 generate standard error 0.01 and the option price convergent at Rp.152.00. This shows the Monte Carlo-Control Variate achieve faster option price toward convergent of the Monte Carlo Standar.
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