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Assaf, Sadi Abd-Elafo 2014-12-15T20:35:44Z 2014-12-15T20:35:44Z 10000-01-01 1982 1982 This thesis presents a systematic approach for selecting the appropriate deductible level for construction insurance. A consistent criterion is developed for each alternative insurance program, ranging from full risk retention (i.e., no insurance), and various deductible levels (i.e., partial transfer of risk), to full transfer. An approach is presented for forecasting future losses based on previous loss experience and accounting for discounting of delayed payout of retained risk, taxes, future liabilities of past exposures, administrative costs, changes in environment, company growth and inflation. The criterion also incorporates the financial capacity of the firm to absorb retained risk as a basis for the nonlinear risk aversion of the contractor. An example is given which shows the step-by-step process of arriving at the selected insurance alternative. A computer program is presented which simplifies the calculation presented in the thesis. Made available in DSpace on 2014-12-15T20:35:44Z (GMT). No. of bitstreams: 1 8218421.pdf: 3397449 bytes, checksum: 57f2e4d6ccc867e48ade7e86e14512ac (MD5) Previous issue date: 1982 Embargo set by: Seth Robbins for item 70068 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 132 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1982. http://hdl.handle.net/2142/69902 (UMI)AAI8218421 Business Administration, General Engineering, Civil A Systematic Approach to the Selection of A Risk Retention Level for Construction Insurance text Civil Engineering Civil Engineering University of Illinois at Urbana-Champaign Dissertation Ph.D.