Use of Artificial Neural Network for Forecasting Health Insurance Entitlements

A number of numerical practices exist that actuaries use to predict annual medical claims expense in an insurance company. This amount needs to be included in the yearly financial budgets. Inappropriate estimating generally has negative effects on the overall performance of the business. This paper presents the development of Artificial Neural Network model that is appropriate for predicting the anticipated annual medical claims. Once the implementation of the neural network models were finished, the focus was to decrease the Mean Absolute Percentage Error by adjusting the parameters such as epoch, learning rate and neuron in different layers. Both Feed Forward and Recurrent Neural Networks were implemented to forecast the yearly claims amount. In conclusion, the Artificial Neural Network Model that was implemented proved to be an effective tool for forecasting the anticipated annual medical claims. Recurrent neural network outperformed Feed Forward neural network in terms of accuracy and computation power required to carry out the forecasting.

Health Insurance Claim Prediction Using Artificial Neural Networks

A number of numerical practices exist that actuaries use to predict annual medical claim expense in an insurance company. This amount needs to be included in the yearly financial budgets. Inappropriate estimating generally has negative effects on the overall performance of the business. This study presents the development of artificial neural network model that is appropriate for predicting the anticipated annual medical claims. Once the implementation of the neural network models was finished, the focus was to decrease the mean absolute percentage error by adjusting the parameters, such as epoch, learning rate, and neurons in different layers. Both feed forward and recurrent neural networks were implemented to forecast the yearly claims amount. In conclusion, the artificial neural network model that was implemented proved to be an effective tool for forecasting the anticipated annual medical claims for BSP Life. Recurrent neural network outperformed the feed forward neural network in terms of accuracy and computation power required to carry out the forecasting.

Policy Planning in Higher Technical Education

In the present Research work an attempt has been made to compute quality of higher technical Institute by incorporating various important parameters such as faculty strength, Placement of students, faculty satisfaction, student's satisfaction etc. The impact of these factors on quality of higher technical education is studied by constructing a system dynamic model for policy planning for optimum quality in higher technical education system.

Neural Networks Predictive Controller Using an Adaptive Control Rate

A model predictive control design for nonlinear systems based on artificial neural networks is discussed. The Feedforward neural networks are used to describe the unknown nonlinear dynamics of the real system. The backpropagation algorithm is used, offline, to train the neural networks model. The optimal control actions are computed by solving a nonconvex optimization problem with the gradient method. In gradient method, the steepest descent is a sensible factor for convergence. Then, an adaptive variable control rate based on Lyapunov function candidate and asymptotic convergence of the predictive controller are proposed. The stability of the closed loop system based on the neural model is proved. In order to demonstrate the robustness of the proposed predictive controller under set-point and load disturbance, a simulation example is considered. A comparison of the control performance achieved with a Levenberg-Marquardt method is also provided to illustrate the effectiveness of the proposed controller.