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English to Indonesian: An Economic Analysis of Low Cost Carriers and Insurance General field: Bus/Financial
Source text - English //Snip from abstract
The purpose of this research is to analyze an airline market in which both low cost carriers (LCCs) and full service
carriers (FSCs) coexist. LCCs propose cheaper air ticket prices, but the possibility of late arrival is higher than with
FSCs. This research investigates the effect of the introduction of an insurance policy that covers the losses from late
arrivals. In relation to this insurance, the following two questions are considered. The first is how the demand for LCC
changes when the insurance is introduced. The second is how the introduction of this insurance influences the LCC’s
investments to lower the possibility of late arrivals. The main results of this research are as follows. First, the
introduction of late-arrival insurance increases the demand for LCC. Second, the impact of the introduction of this
insurance becomes high when the possibility of late arrival is high and the insurance premium rate is low; however, the
effect of the air ticket price of LCC is ambiguous. Third, the introduction of this insurance reduces an LCC’s optimal
investment to lower the possibility of late arrivals.
// end of snip from abstract
Translation - Indonesian Tujuan dari penelitian ini adalah untuk menganalisis pasar di mana maskapai penerbangan Low Cost Carriers (LCCs) dan Full Service Carriers (FSCs) ada bersama. LCCs menawarkan tiket pesawat yang lebih murah, namun kemungkinan untuk keterlambatan lebih tinggi dibandingkan dengan FSCs. Penelitian ini menginvestigasi efek dari pengenalan sebuah polis asuransi yang melindungi kerugian dari keterlambatan penerbangan. Terdapat dua pertanyaan yang perlu dipertimbangkan, sehubungan dengan asuransi ini. Pertama, pengenalan akan asuransi keterlambatan penerbangan ini akan meningkatkan permintaan untuk LCC, Kedua, dampak dari pengenalan asuransi ini menjadi tinggi saat kemungkinan untuk keterlambatan tinggi dan premi asuransinya rendah. Ketiga, pengenalan asuransi ini mengurangi investasi yang optimal dari LCC untuk mengurangin kemungkinan keterlambatan penerbangan.
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Experience
Years of experience: 9. Registered at ProZ.com: Aug 2015.
A native Indonesian speaker, I am currently a full-time business analyst and a part-time translator working on book translation and manual translation.
I am a CFP from Financial Planning Standard Board and also a Certified Hypnotherapist in Indonesia Board of Hypnosis and Hypnotherapy.
I also write in my blog about hypnotism, meditation and psychology in Indomind and about personal finance although it is new in Sekolah Uang.
What I have worked with?
Since becoming freelance translator I have worked in translating Buddhism Encyclopaedia (English to Indonesia) for Ehipassiko Foundation, SOP (Chinese to English and English to Indonesia) for IKEA.
What I can provide?
Since I am new in translation industry, I choose to only work on expertise that I have experience on. I have good English language skill (99 IBT TOEFL) and knowledge in many industry due to my reading hobby.
As I work full-time, I only translate after my working hours, therefore for each project I will consider if I can make the deadline and would not take project that I cannot finish.
Keywords: english, indonesia, localization, business, finance, translator, psychology
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