International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

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DOI Prefix: 10.47001/IRJIET

Application of Non-Linear Programming to Portfolio Management on Some Insurance Companies Using Cash Ratio

Emiola O.K.S.Department of Statistics, Federal Polytechnic Offa, Kwara State, NigeriaOmoloye M.A.Department of Statistics, Federal Polytechnic Offa, Kwara State, NigeriaUmar A.M.Department of Statistics, Federal Polytechnic Offa, Kwara State, NigeriaTaiwo M.Department of Mathematics, Osun State College of Education, Ila-Orangun, Nigeria

Vol 5 No 9 (2021): Volume 5, Issue 9, September 2021 | Pages: 86-91

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 01-10-2021

doi Logo doi.org/10.47001/IRJIET/2021.509011

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Abstract

This research is set to investigate non-linear programming problem that is, quadratic programming and its application to portfolio management. The data of return on asset of five different insurance companies namely: AIICO, LINKAGE, NIGER, MUTUAL BENEFIT, and LASACO insurance company was collected and a model was fixed. These data were analyzed using quadratic programming in conjunction with LINDO software. The result of the analyzed data revealed that the allocation of fund for each insurance company should be done with the same percent for LINKAGE, NIGER, MUTUAL BENEFIT and other percent to AIICO insurance company respectively with increment of 24% on return. The research has answered the question of how much an investor should allocate to each investment to minimize risk and maximize return.

Keywords

Return on assets, insurance companies, funds, invest and cash ratio


Citation of this Article

Emiola, O.K.S., Omoloye, M.A. Umar, A.M., Taiwo, M., “Application of Non-Linear Programming to Portfolio Management on Some Insurance Companies Using Cash Ratio” Published in International Research Journal of Innovations in Engineering and Technology - IRJIET, Volume 5, Issue 9, pp 86-91, September 2021. Article DOI https://doi.org/10.47001/IRJIET/2021.509011

Licence Copyright (c) 2026 International Research Journal of Innovations in Engineering and Technology creative common licence This work is licensed under Creative common Attribution Non Commercial 4.0 Internation Licence
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