Profit sharing ratio modeling for islamic hire-purchase contract

Robust optimization and chance constraint approach

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper presents an approach which maximizes the profits of Islamic hire-purchase contract named Al-Ijarah Thumma Al-Bai' or AITAB. Details of modus operandi for the AITAB contract and the optimization model for profit sharing ratio determination using stochastic programming is the result of this study.

Original languageEnglish
Title of host publicationAIP Conference Proceedings
Pages55-60
Number of pages6
Volume1450
DOIs
Publication statusPublished - 2012
Event5th International Conference on Research and Education in Mathematics, ICREM5 - Bandung
Duration: 22 Oct 201124 Oct 2011

Other

Other5th International Conference on Research and Education in Mathematics, ICREM5
CityBandung
Period22/10/1124/10/11

Fingerprint

optimization
programming

Keywords

  • Islamic hire-purchase
  • Profit sharing ratio
  • Stochastic programming

ASJC Scopus subject areas

  • Physics and Astronomy(all)

Cite this

Profit sharing ratio modeling for islamic hire-purchase contract : Robust optimization and chance constraint approach. / Halim, Nurfadhlina Abdul; Jaaman @ Sharman, Saiful Hafizah; Ismail, Noriszura; Ahmad, Rokiah @ Rozita.

AIP Conference Proceedings. Vol. 1450 2012. p. 55-60.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Halim, NA, Jaaman @ Sharman, SH, Ismail, N & Ahmad, RR 2012, Profit sharing ratio modeling for islamic hire-purchase contract: Robust optimization and chance constraint approach. in AIP Conference Proceedings. vol. 1450, pp. 55-60, 5th International Conference on Research and Education in Mathematics, ICREM5, Bandung, 22/10/11. https://doi.org/10.1063/1.4724117
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