Impact of Price-Sensitive Demand and Premium Payment Scheme on Bullwhip Effect

Bullwhip effect reduces the efficiency, responsiveness, and value of the supply chain. There are some indirect causes like lead time, the number of echelons, and some direct causes of bullwhip effect such as rationing or price variation. Due to capacity constraints, retailers are forced to experience rationing of their demands. Fear of rationing usually gives rise to manipulable demand and hence increases the bullwhip effect. Moreover, if the retailer’s demand is price sensitive then it will cause price variation. The offerings of premium payment by retailers due to unfulfilled demand lure the supplier to extend his existing capacity and to allocate them more supply. In this paper, an attempt has been made to mitigate the impact of the bullwhip effect using a premium payment scheme. A technique has been coined that will help in reducing the bullwhip effect. The increased value of the supply chain on using a premium payment scheme is proof of the reduction of the bullwhip effect. Results are validated through numerical analysis.

Impact of Price Sensitive Demand and Premium Payment Scheme on Bullwhip Effect

Bullwhip effect reduces the efficiency, responsiveness, and value of the supply chain. There are some indirect causes like lead time, the number of echelons, and some direct causes of bullwhip effect such as rationing or price variation. Due to capacity constraints, retailers are forced to experience rationing of their demands. Fear of rationing usually gives rise to manipulable demand and hence increases the bullwhip effect. Moreover, if the retailer’s demand is price sensitive then it will cause price variation. The offerings of premium payment by retailers due to unfulfilled demand lure the supplier to extend his existing capacity and to allocate them more supply. In this paper, an attempt has been made to mitigate the impact of the bullwhip effect using a premium payment scheme. A technique has been coined that will help in reducing the bullwhip effect. The increased value of the supply chain on using a premium payment scheme is proof of the reduction of the bullwhip effect. Results are validated through numerical analysis.

The sustainability of premium payment of national health insurance’s self-enrolled members in Jakarta Greater Area

Background: The sustainability of the National Health Insurance (NHI) program heavily relies on the premium of its member. The negligence of a large number of members to pay the premium lead to the failure of the Social Security Agency for Health (SSAH) to deliver its services. This study aims at analyzing important factors that influence the sustainability of premium payment of NHI’s self-enrolled members in the Jakarta Greater Area.Design and MethodS: This study performed an econometric analysis from the panel and the same respondent’s data in 2015 and 2017. The population of the study was NHI’s self-enrolled members who lived in the City of Jakarta, Bogor, Depok, Tangerang, Bekasi, (Jakarta Greater Area) and it represents the urban area of Indonesia. The ordinal logistic regression model was used to determine the type of sustainability NHI premium payment.Results: The survey shows that around 28.3% of self-enrolled members do not pay the NHI insurance premium regularly. Applying ordered logit this study statistically confirms that age of household head, income per month, never experience economic hardship, 1st/2nd class registration, and benefits of SSAH are positively correlated with compliance rate to pay NHI insurance premium. Whereas tobacco consumption, health-seeking behavior, and the 2016 increase of premium are negatively correlated with regular premium payment.Conclusion: This study calls for policy intervention to improve compliance of premium payment such as 1) massive promotion of insurance literacy and benefits of insurance through a health professional, internet, and government officer; 2) expanding auto-debit and installment premium payment; 3) incentive for paying premium regularly and not smoking; and 4) improving access and quality of health services.

Application of C4.5 Algorithm for Late Payment Classification of Insurance Premiums

The problem that often arises in insurance companies is the number of customers who do not smoothly pay premiums. The procedure that applies to the insurance during the grace period is 30 days. The insured customer must follow the premium payment procedure, if the customer does not pay the premium, the insurance policy will be canceled, this is part of the company's loss. An insurance company has a lot of data and this data can be processed to produce information on how to find out potential customer delays from a pattern formed using the C4.5 method. This research was conducted by applying the C4.5 algorithm using insurance customer data. The results of this study are a classification system for late payment of insurance premiums that can classify insurance customer premium payment status as a consideration for accepting insurance customers. The system test results show that the system can classify the status of insurance customer premium payments with a classification accuracy of 88%. Keywords: Algorithm C 4.5, Insurance, Classification, Premium

Influence Relaxation Policy Fees on COVID-19 Pandemic and Service Quality Claims against the Realization of Dues Payment Compliance BPJSK in Branch Office Driyorejo-Gresik East Jawa-Indonesia

In the conditions of the Covid-19 pandemic, it had a very large impact not only on the health aspect, but also on the labor and economic aspects. The industrial world has been affected so much that the industrial world has stopped its production activities so that there has been a reduction in the workforce in production by being dismissed and even disconnected from their work. This condition is what makes the government take action, especially in terms of employment in fulfilling the obligation to pay BPJSK output through a relaxation or softness policy in paying contributions. Another policy is the claim service for BPJSK participants if there is a risk that results in the realization of the claim.This research is to analyze with the policy of relaxation of payment of dues and claim services associated with their influence on participant compliance in paying BPJSK dues. The population / research sample was the participants of the BPJSK Gresik Driyorejo Branch, using a questionnaire to obtain data on the perception of relaxation policies, service quality and compliance with payment of dues.Based on the results of data analysis, it shows that: first, the premium payment policy has a significant effect on dues pay compliance, second, the service quality of claims has a significant effect on awareness of premium payments, and third, the policy of relaxation of contributions and the quality of service claims has a significant effect on the premium. payment of dues for BPJSK members at the Gresik Driyorejo Branch.

KLASIFIKASI TINGKAT KELANCARAN NASABAH DALAM MEMBAYAR PREMI DENGAN MENGGUNAKAN METODE K-NEAREST NEIGHBOR DAN ANALISIS DISKRIMINAN FISHER (Studi kasus: Data Nasabah PT. Prudential Life Samarinda Tahun 2019)

Classification is a technique to form a model of data that is already known to its classification group. The model that was formed will be used to classify new objects. The K-Nearest Neighbor (K-NN) algorithm is a method for classifying new objects based on their K nearest neighbor. Fisher discriminant analysis is a multivariate technique for separating objects in different groups to form a discriminant function for allocate new objects in groups. This research has a goal to determine the results of classifying customer premium payment status using the K-NN method and Fisher discriminant analysis and comparing the accuracy of the K-NN method classification and Fisher discriminant analysis on the insurance customer premium payment status. The data used is the insurance customer data of PT. Prudential Life Samarinda in 2019 with current premium payment status or non-current premium payment status and four independent variables are age, duration of premium payment, income and premium payment amount. The results of the comparative measurement of accuracy from the two analyzes show that the K-NN method has a higher level of accuracy than Fisher discriminant analysis for the classification of insurance customers premium payment status. The results of misclassification using the APER (Apparent Error Rate) in K-NN method is 15% while in Fisher discriminant analysis is 30%.

PERLINDUNGAN HUKUM BAGI TERTANGGUNG AKIBAT KECELAKAAN BERMOTOR DITINJAU DARI HUKUM POSITIF

This article discusses the issues related to frequent motorized vehicle accidents, causing losses to both motorists as the insured on Jasa Raharja insurance and to victims including the general public as the party when the loser is injured. Because most people or the insured do not understand their rights and obligations which are regulated in statutory regulations, including the form of legal protection provided by the State as a form of counter-achievement from the mandatory premium payment. This type of research uses normative legal research with a statutory approach. The results of the study, Forms of legal protection Legal protection for the insured due to motorized accidents in terms of positive law, that basically the State has been present in order to guarantee and provide legal protection for the public when a motorized accident occurs with an insurance program managed by State-Owned Enterprises (BUMN) through PT. Jasa Raharja. Indeed, this insurance program is slightly different from insurance in general where the program is compulsory insurance which is carried out based on several laws and regulations stipulated by the Government. The administration of social insurance is a state agency or an organization under the authority and supervision of the state. In this case the state has the position of being the guarantor and at the same time as the ruler and manager of funds. Because it is insurance, the amount of premium payment is determined by the government and the payment is made at the same time as the motor vehicle tax payment.Keywords: protection; covered; accident; motorized. ABSTRAKArtikel ini membahas persoalan terikait sering terjadinya kecelakaan kendaraan yang bermotor, sehingga menimbulkan kerugian baik bagi pengendara selaku tertanggung pada asuransi Jasa raharja maupun bagi korban termasuk masyarakat umum selaku pihak ketika dirugikan. Kebanyakan masyarakat atau tertanggung selama ini tidak mengerti tentang hak dan kewajibannya yang sudah diatur dalam peraturan perundang-undangan termasuk bentuk perlindungan hukum yang diberikan oleh Negara sebagai wujud kontraprestasi dari pembayaran premi yang sifatnya wajib. Jenis penelitian ini menggunakan penelitian hukum normatif dengan pendekatan perundang-undangan. Hasil penelitian, bentuk perlindungan hukum Perlindungan hukum bagi tertanggung akibat kecelakaan bermotor ditinjau dari hukum positif, bahwa pada dasarnya Negara telah hadir dalam rangka menjamin dan memberikan perlindungan hukum bagi masyarakat ketika terjadi kecelakaan bermotor dengan program asuransi yang dikelolah oleh Badan Usaha milik Negara (BUMN) melalui PT. Jasa Raharja. Program asuransi ini sedikit berbeda dengan asuransi pada umumnya dimana programnya bersifat asuransi wajib yang dilakukan berdasarkan beberapa peraturan perundang-undangan yang ditetapkan oleh Pemerintah. Penyelenggaraan asuransi sosial oleh badan-badan negara atau suatu organisasi dibawah wewenang dan pengawasan negara. Dalam hal ini negara berkedudukan sebagai penanggung dan sekaligus sebagai penguasa dan pengelola dana. Karena sifatnya asuransi maka besarnya pembayaran premi ditentukan oleh pemerintah dan pembayarannya dilakukan pada saat bersamaan dengan pembayaran pajak kendaraan bermotor.