{"id":"https://openalex.org/W4401301045","doi":"https://doi.org/10.24042/djm.v7i1.20607","title":"A comparison benefit reserves of an n\u2013year term life insurance between using the vasicek model and cox-ingersoll-ross model","display_name":"A comparison benefit reserves of an n\u2013year term life insurance between using the vasicek model and cox-ingersoll-ross model","publication_year":2024,"publication_date":"2024-03-30","ids":{"openalex":"https://openalex.org/W4401301045","doi":"https://doi.org/10.24042/djm.v7i1.20607"},"language":"en","primary_location":{"id":"doi:10.24042/djm.v7i1.20607","doi":"https://doi.org/10.24042/djm.v7i1.20607","is_oa":true,"landing_page_url":"http://dx.doi.org/10.24042/djm.v7i1.20607","pdf_url":null,"source":{"id":"https://openalex.org/S4210212162","display_name":"Desimal Jurnal Matematika","issn_l":"2613-9073","issn":["2613-9073","2613-9081"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315278","host_organization_name":"Universitas Islam Negeri Raden Intan Lampung","host_organization_lineage":["https://openalex.org/P4310315278"],"host_organization_lineage_names":["Universitas Islam Negeri Raden Intan Lampung"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Desimal: Jurnal Matematika","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"http://dx.doi.org/10.24042/djm.v7i1.20607","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072366481","display_name":"Isti Kamila","orcid":"https://orcid.org/0000-0002-4144-1203","observed_orcids":["https://orcid.org/0000-0002-4144-1203"]},"institutions":[{"id":"https://openalex.org/I70054679","display_name":"Pakuan University","ror":"https://ror.org/03r7ras86","country_code":"ID","type":"education","lineage":["https://openalex.org/I70054679"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Isti Kamila","raw_affiliation_strings":["Department of Mathematics, Universitas Pakuan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Universitas Pakuan","institution_ids":["https://openalex.org/I70054679"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5059798619","display_name":"Ani Andriyati","orcid":"https://orcid.org/0000-0003-1485-9791","observed_orcids":["https://orcid.org/0000-0003-1485-9791"]},"institutions":[{"id":"https://openalex.org/I70054679","display_name":"Pakuan University","ror":"https://ror.org/03r7ras86","country_code":"ID","type":"education","lineage":["https://openalex.org/I70054679"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Ani Andriyati","raw_affiliation_strings":["Department of Mathematics, Universitas Pakuan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Universitas Pakuan","institution_ids":["https://openalex.org/I70054679"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5004406760","display_name":"Embay Rohaeti","orcid":"https://orcid.org/0000-0002-3124-3799","observed_orcids":["https://orcid.org/0000-0002-3124-3799"]},"institutions":[{"id":"https://openalex.org/I70054679","display_name":"Pakuan University","ror":"https://ror.org/03r7ras86","country_code":"ID","type":"education","lineage":["https://openalex.org/I70054679"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Embay Rohaeti","raw_affiliation_strings":["Department of Mathematics, Universitas Pakuan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Universitas Pakuan","institution_ids":["https://openalex.org/I70054679"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I70054679"],"apc_list":{"value":350000,"currency":"IDR","value_usd":22},"apc_paid":{"value":350000,"currency":"IDR","value_usd":22},"fwci":0.5438,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.64084507,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":96},"biblio":{"volume":"7","issue":"1","first_page":"17","last_page":"24"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.5249000191688538,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.5249000191688538,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.26510000228881836,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12011","display_name":"Insurance, Mortality, Demography, Risk Management","score":0.17180000245571136,"subfield":{"id":"https://openalex.org/subfields/3317","display_name":"Demography"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/term-life-insurance","display_name":"term life insurance","score":0.921999990940094},{"id":"https://openalex.org/keywords/vasicek-model","display_name":"Vasicek model","score":0.9800000190734863},{"id":"https://openalex.org/keywords/cox-ingersoll-ross-model","display_name":"Cox-Ingersoll-Ross model","score":0.9980000257492065},{"id":"https://openalex.org/keywords/stochastic-interest-rates","display_name":"stochastic interest rates","score":0.7870000004768372},{"id":"https://openalex.org/keywords/interest-rate-models","display_name":"interest rate models","score":0.5879999995231628}],"concepts":[{"id":"https://openalex.org/C201608381","wikidata":"https://www.wikidata.org/wiki/Q2331759","display_name":"Vasicek model","level":3,"score":0.9533042311668396},{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.7409346103668213},{"id":"https://openalex.org/C151205565","wikidata":"https://www.wikidata.org/wiki/Q4385634","display_name":"Cox\u2013Ingersoll\u2013Ross model","level":3,"score":0.6633655428886414},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4711030125617981},{"id":"https://openalex.org/C3020299011","wikidata":"https://www.wikidata.org/wiki/Q626608","display_name":"Life insurance","level":2,"score":0.4218299686908722},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4175163805484772},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.38769689202308655},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.10720109939575195},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10711339116096497},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.09067076444625854},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.24042/djm.v7i1.20607","doi":"https://doi.org/10.24042/djm.v7i1.20607","is_oa":true,"landing_page_url":"http://dx.doi.org/10.24042/djm.v7i1.20607","pdf_url":null,"source":{"id":"https://openalex.org/S4210212162","display_name":"Desimal Jurnal Matematika","issn_l":"2613-9073","issn":["2613-9073","2613-9081"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315278","host_organization_name":"Universitas Islam Negeri Raden Intan Lampung","host_organization_lineage":["https://openalex.org/P4310315278"],"host_organization_lineage_names":["Universitas Islam Negeri Raden Intan Lampung"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Desimal: Jurnal Matematika","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:7c581cff5db6475da76b46f071ec3a3e","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/7c581cff5db6475da76b46f071ec3a3e","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Desimal, Vol 7, Iss 1, Pp 17-24 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.24042/djm.v7i1.20607","doi":"https://doi.org/10.24042/djm.v7i1.20607","is_oa":true,"landing_page_url":"http://dx.doi.org/10.24042/djm.v7i1.20607","pdf_url":null,"source":{"id":"https://openalex.org/S4210212162","display_name":"Desimal Jurnal Matematika","issn_l":"2613-9073","issn":["2613-9073","2613-9081"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315278","host_organization_name":"Universitas Islam Negeri Raden Intan Lampung","host_organization_lineage":["https://openalex.org/P4310315278"],"host_organization_lineage_names":["Universitas Islam Negeri Raden Intan Lampung"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Desimal: Jurnal Matematika","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1938443670","https://openalex.org/W2756212738","https://openalex.org/W2789707574","https://openalex.org/W2889932726","https://openalex.org/W2910746795","https://openalex.org/W2977180223","https://openalex.org/W2987241417","https://openalex.org/W2995562643","https://openalex.org/W3003003315","https://openalex.org/W3112919873","https://openalex.org/W4294626787","https://openalex.org/W4309314548","https://openalex.org/W4311316660","https://openalex.org/W4362032342","https://openalex.org/W4381325874"],"related_works":["https://openalex.org/W4409016204","https://openalex.org/W7154132326","https://openalex.org/W4404339877","https://openalex.org/W7216353924","https://openalex.org/W4402674490","https://openalex.org/W7162415299","https://openalex.org/W7010366797","https://openalex.org/W2786519178","https://openalex.org/W2371572729","https://openalex.org/W4311316660"],"abstract_inverted_index":{"The":[0,35,69,88,142,184],"purpose":[1],"of":[2,21,37,71,106,125,129,144,180,197],"this":[3,38,72],"study":[4,39],"was":[5,91,165,173,193],"to":[6,19,92,170],"determine":[7],"benefit":[8,45,49,187],"reserves":[9,46,50,188],"with":[10,24,115,131,176],"the":[11,30,52,78,81,94,103,111,120,123,126,145,149,157,177,181,198],"premium":[12,112],"sufficiency":[13,113],"method":[14,114],"that":[15,60,196],"would":[16,137],"be":[17,63,138],"applied":[18],"types":[20],"term":[22,43,107],"insurance":[23,44,67,108],"non-constant":[25,116,132],"interest":[26,56,86,95,117,133,151,160,200],"rates":[27,134,161],"by":[28,47,76,148],"using":[29,51,110,191],"Vasicek":[31,53,82,98,192],"and":[32,54,83,99,135,140,156],"Cox-Ingersol-Ross":[33,55],"models.":[34],"novelty":[36],"is":[40],"in":[41,159,174,186],"determining":[42],"comparing":[48],"rate":[57,96,152,201],"models":[58],"so":[59],"it":[61],"can":[62],"a":[64],"decision-maker":[65],"for":[66,80],"companies.":[68],"stages":[70],"research":[73,146],"activity":[74],"started":[75],"estimating":[77],"parameters":[79],"Cox-Ingersoll-Ross":[84],"(CIR)":[85],"rates.":[87,118],"next":[89],"step":[90],"estimate":[93,102],"on":[97],"CIR.":[100],"Then,":[101],"reserve":[104,127,178],"value":[105,128],"benefits":[109,130,182],"At":[119],"final":[121],"stage,":[122],"results":[124,143,179],"CIR":[136,150,199],"interpreted":[139],"compared.":[141],"obtained":[147],"were":[153],"always":[154],"positive,":[155],"difference":[158,185],"between":[162,189],"each":[163],"time":[164],"not":[166],"too":[167],"large":[168],"compared":[169],"Vasicek.":[171],"This":[172],"line":[175],"obtained.":[183],"times":[190],"greater":[194],"than":[195],"model.":[202]},"counts_by_year":[{"year":2026,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2024-08-04T00:00:00"}
