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Article

Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance

1
Department of Risk Management and Wealth Planning, Takming University of Science and Technology, 56, Sec. 1, Huanshan Rd., Neihu, Taipei 11451, Taiwan
2
Department of International Business, National Dong Hwa University, 1, Sec. 2, Da-Hsueh Rd., Shou-Feng Hualien 97401, Taiwan
*
Author to whom correspondence should be addressed.
J. Risk Financ. Manag. 2020, 13(11), 266; https://doi.org/10.3390/jrfm13110266
Submission received: 2 October 2020 / Revised: 27 October 2020 / Accepted: 27 October 2020 / Published: 30 October 2020
(This article belongs to the Special Issue International Business Management and Sustainability)

Abstract

This paper explores a decision analysis on product integration of family security services and residential fire insurance in the London and Taiwan markets by using the proposed mathematical models for counting sustainable value. This paper shows the five main different results between London and Taiwan markets with ten different parameters of the family security market, to find out the optimal number of family security integrated services for each security company in London. The improvement of the risk aversion effect based on risk and financial management will enhance the market share of the private security industries in the London and Taiwan markets. The results of this research can serve as a reference for the decision-making of private security industries on product integration under sustainable value consideration. The research findings highlight the potential benefits for both the private security industry and the insurance industry in their design and negotiation for product integration to improve both of business operation and achieve corporate social responsibility goals to match the sustainability in the future.
Keywords: sustainability; decision analysis; family security services; residential fire insurance; risk aversion sustainability; decision analysis; family security services; residential fire insurance; risk aversion
Graphical Abstract

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MDPI and ACS Style

Lee, J.-C.; Lin, T.T. Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance. J. Risk Financ. Manag. 2020, 13, 266. https://doi.org/10.3390/jrfm13110266

AMA Style

Lee J-C, Lin TT. Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance. Journal of Risk and Financial Management. 2020; 13(11):266. https://doi.org/10.3390/jrfm13110266

Chicago/Turabian Style

Lee, Jen-Chieh, and Tyrone T. Lin. 2020. "Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance" Journal of Risk and Financial Management 13, no. 11: 266. https://doi.org/10.3390/jrfm13110266

APA Style

Lee, J.-C., & Lin, T. T. (2020). Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance. Journal of Risk and Financial Management, 13(11), 266. https://doi.org/10.3390/jrfm13110266

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