Multiple Criteria Choice of the Health Insurance in China Market

Abstract

This thesis is focused on the multiple choice decision-making problems applied in insurance industry. We have introduced the character of MCDM problem, and the possible methods to solve it. we have totally introduced 4 methods, including Analytic hierarchy method (AHP), simple additive weighting method (SAW), VIKOR method, and TOPSIS method. the AHP method is used to calculate the weights of every criterion, and the value of the weights will be use in the rest method. always the first step when applying the method is to figure out the normalized value of all criteria. even though we are applying all methods to one healthy insurance choice problem, we will always get different results. in order to determine the best alternative, we will have to compare all the results from all methods. there will be a lot of calculations and formulas in this thesis.

This thesis is focused on the multiple choice decision-making problems applied in insurance industry. We have introduced the character of MCDM problem, and the possible methods to solve it. we have totally introduced 4 methods, including Analytic hierarchy method (AHP), simple additive weighting method (SAW), VIKOR method, and TOPSIS method. the AHP method is used to calculate the weights of every criterion, and the value of the weights will be use in the rest method. always the first step when applying the method is to figure out the normalized value of all criteria. even though we are applying all methods to one healthy insurance choice problem, we will always get different results. in order to determine the best alternative, we will have to compare all the results from all methods. there will be a lot of calculations and formulas in this thesis.