Cost-effective Analysis of Drone for Disaster Victim Identification (DVI): Islamic Insurance Perspectives

Authors

  • Amirul Afif Muhamat Faculty of Business and Management
  • Nurul Syifaa Mohd Shakil Faculty of Business and Management, Universiti Teknologi MARA, Selangor Branch 42300, Malaysia
  • Suzana Sulaiman Faculty of Accountancy, Universiti Teknologi MARA, Selangor Branch 42300, Malaysia
  • Ronald McIver UniSA Business, University of South Australia, Adelaide 5000, Australia

DOI:

https://doi.org/10.21834/ebpj.v7i21.3749

Keywords:

Drone, Islamic Insurance, Takaful, Disaster

Abstract

Islamic insurance(takaful) companies use cutting-edge technology to serve their customers better. Drone adoption in the sector has been intermittent, with certain regions of the globe making more use of this technology than others. The process of identifying corpses (often in large numbers) after a catastrophe is known as disaster victim identification. This study provides preliminary results based on cost-effectiveness analysis, net present value and internal rate of return to assess the cost impact of potential drone adoption. The two most essential opportunity costs to consider are time and money.

Author Biographies

Amirul Afif Muhamat, Faculty of Business and Management

Department of Economics and Financial Studies (Associate Professor Dr)

Nurul Syifaa Mohd Shakil, Faculty of Business and Management, Universiti Teknologi MARA, Selangor Branch 42300, Malaysia

Department of Economics and Financial Studies (Senior Lecturer)

Suzana Sulaiman, Faculty of Accountancy, Universiti Teknologi MARA, Selangor Branch 42300, Malaysia

Accountancy (Professor Dr)

Ronald McIver, UniSA Business, University of South Australia, Adelaide 5000, Australia

Centre for Markets, Values and Inclusion (CMVI) (Lecturer)

References

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Published

2022-09-30

How to Cite

Muhamat, A. A., Mohd Shakil, N. S. ., Sulaiman, S. ., & McIver, R. (2022). Cost-effective Analysis of Drone for Disaster Victim Identification (DVI): Islamic Insurance Perspectives. Environment-Behaviour Proceedings Journal, 7(21), 35–40. https://doi.org/10.21834/ebpj.v7i21.3749

Issue

Section

Commercial / Retail / Services Environment

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