MENENTUKAN PREMI ASURANSI PERTANIAN DENGAN PENDEKATAN MODEL BLACK-SCHOLES; ( DETERMINING CROP INSURANCE PREMIUM WITH APPROACH BLACK-SCHOLES MODEL )

Wendra, Betri, Danardono

2015 | Disertasi | FMIPA

This thesis discusses crop insurance that provides coverage to policyholders for losses caused by the lower commodity prices and a reduction in revenue. In determining crop insurance premiums, price and revenue component is assumed to move to follow Geometric Brownian Motion. So that through process can be determined a target price and target revenue that will be used as reference for determining whether or not farmers suffered a loss at harvest. The approach Black-Scholes model used to construct the formula determining the price of crop insurance premiums. As for the data analysis using the program R.

Kata Kunci : option, procces, Black-Scholes model, crop ins