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Developing a Framework of Government Future Flow Securitization Through Public Service Agency (Badan Layanan Umum) 通过公共服务机构构建政府未来流量证券化框架(巴丹·拉亚南·乌姆)
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11942
I. P. S. Hendrawan, Bram Rahadyta, Novriandini Ermaningrum
― There’s emerging discussion about creative financing and diversification to close the funding gap of a massive development plan, with future flow securitization is one of the candidates. Since the first transaction undertaken in the late 1980’s, future flow securitization still rarely used in Indonesia. Currently, such type of instrument was coming from the state-owned enterprise notably the state toll road enterprise securitized their future toll-road revenue flow. The Government of Indonesia could use future flow securitization as part of financing diversification, with rationalities of lowering the cost of capital through secured financing, risk-sharing to the private sector, and earmarking certain revenue for particular spending. Badan Layanan Umum/BLU (public service agency) could be the agent to conduct such financing, enabled by its characteristics of public service function mixed with corporate-like governance and also its nature of revenue center agency. The government would still be in complete control since BLU is within government arms’ length and its financial management is not separated from the general budget. This study derives the potential use of future flow securitization through BLU. From the central government financial report, we found – on an aggregate basis – that there is a proper capacity of BLU’s revenue to be securitized. This paper using qualitative method to construct a securitization-fit framework comprised of model, requirements, criteria along with features of the binding arrangement, required
-关于创造性融资和多样化的讨论正在兴起,以缩小大规模发展计划的资金缺口,未来流动证券化是候选方案之一。自20世纪80年代末进行第一笔交易以来,未来流量证券化在印度尼西亚仍然很少使用。目前,这类工具主要来自国有企业,特别是国有收费公路企业将其未来的收费公路收入流证券化。印度尼西亚政府可以利用未来的流动证券化作为融资多样化的一部分,其合理性是通过担保融资降低资本成本,向私营部门分担风险,并将某些收入指定用于特定支出。Badan Layanan Umum/BLU (public service agency,公共服务机构)可以作为此类融资的代理机构,其公共服务功能与公司制治理相结合的特点,以及其收入中心代理机构的性质,使其成为此类融资的代理机构。政府仍将完全控制BLU,因为BLU在政府的范围内,其财务管理没有与一般预算分开。本研究通过BLU推导出未来流量证券化的潜在用途。从中央财政报告中,我们发现,从总体上看,BLU的收入有适当的证券化能力。本文采用定性方法构建了一个由模型、需求、准则以及约束安排等特征组成的证券化适配框架
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引用次数: 0
Factor Affecting Capital Adequacy: Major Factor for Bank to Develop Business Growth in Indonesia in 2013-2017 影响资本充足率的因素:2013-2017年印尼银行发展业务增长的主要因素
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11952
N. Rachmawati
― Capital adequacy is a major factor for a bank to be able to develop its business growth. The level of capital adequacy of banks in Indonesia is far above from average CAR of banks in the ASEAN region and peer groups. The high level of capital adequacy in Indonesia is a cautious response from banks in lending amidst from the weak growth of Risk Weighted Assets (RWA). This study aims to determine the effect of non-performing loans (NPLs), Working Capital to Total Assets Ratio (WCTA), Operational Costs / Operating Income (BOPO), Good Corporate Governance (GCG) and Return on Assets (ROA) on the Bank's capital adequacy National Private Public in Indonesia. In this study, the population was used as the object of research was the National Private Commercial Bank listed on the Indonesia Stock Exchange. The sample in this study was taken by pooling data, which is a combination of time series and crosssection during the period of 2013 to 2017. Data were analyzed using Multiple Regression analysis accompanied by a classic assumption test. The results show that there are Non Performing Loan (NPL) and Good Corporate Governance variables did not significantly influence the Capital Adequacy Ratio (CAR) of national private banking companies. And Test results show that there are Working Capital to Total Assets Ratio (WCTA), Operating Costs / Operating Income (BOPO) and Return On Assets (ROA) have a significant positive effect on Capital Adequacy Ratio (CAR) in national private banking companies. This finding is expected to improve the performance of capital adequacy bank from National Private Public in Indonesia. Performing Loans, Working Capital to Total Assets Ratio, Operating Costs / Operating Income, Good Corporate Governance, Return On Assets, Capital Adequacy.
-资本充足率是银行能够发展业务增长的主要因素。印尼银行的资本充足率水平远高于东盟地区和同行集团银行的平均资本充足率。印度尼西亚的高资本充足率是银行在风险加权资产(RWA)增长疲软的情况下贷款的谨慎反应。本研究旨在确定不良贷款(NPLs),营运资金与总资产比率(WCTA),运营成本/营业收入(BOPO),良好的公司治理(GCG)和资产回报率(ROA)对银行资本充足率的影响。在本研究中,以人口为研究对象的是在印尼证券交易所上市的国家私人商业银行。本研究样本采用数据池法,采用2013 - 2017年时间序列与横截面相结合的方法。数据分析采用多元回归分析和经典假设检验。结果表明,不良贷款(NPL)和良好的公司治理变量对国有私人银行公司的资本充足率(CAR)没有显著影响。检验结果表明,营运资金与总资产比率(WCTA)、营业成本/营业收入(BOPO)和资产收益率(ROA)对国有私人银行公司资本充足率(CAR)有显著的正向影响。这一发现有望改善印尼国家公私资本充足率银行的表现。执行贷款,营运资金占总资产比率,营运成本/营运收入,良好的公司治理,资产回报率,资本充足率。
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引用次数: 0
Equipment Leasing Model with Failure Tolerance Cost Using Game Theory 基于博弈论的故障容忍成本设备租赁模型
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11947
B. Abdallah, Ahmad Jamil, N. Kurniati
In this study the equipment lease contract, where two players, the lessor, lease the equipment to the user (lessee), if the equipment fails to exceed the tolerance agreed by both players during the lease period and needs to be repaired, it is considered detrimental to the lessee, because it results in a loss of potential revenue will be received from leased equipment. Therefore, the total income of the lessor in the lease contract may incur penalty costs as a consequence of the lessor for failure to maintain maintenance performance. We use Nash's game theory formulation to find a win-win solution between players where it is an equilibrium point for lessor and lessee. The results of this study are, when Lessee decides to maximize profits, which is the total potential profit gained by the lessee using leased equipment, and the lessor also decides to maximize their profits derived from the leased equipment by considering penalty cost as a cooperatively determined variable. The selected scenario is the percentage of the minimum penalty cost with the maximum level of equipment used. Keywords―Lease Equipment, Maintenance, Penalty Cost, Exceed Failure, Game Theory.
在本研究的设备租赁合同中,两个参与者,出租人,将设备租赁给用户(承租人),如果设备在租赁期内没有超过双方约定的容限,需要维修,则认为这对承租人是有害的,因为这会导致租赁设备的潜在收入的损失。因此,出租人在租赁合同中的总收入可能会因出租人未能保持维修绩效而产生罚款费用。我们使用纳什博弈论公式来寻找参与人之间的双赢解决方案,这是出租人和承租人的平衡点。本文的研究结果是,当承租人决定利润最大化时,即承租人使用租赁设备获得的潜在利润总额,而出租人也决定将惩罚成本作为一个共同确定的变量来最大化其从租赁设备中获得的利润。所选择的方案是最小惩罚成本与使用的最大设备水平的百分比。关键词:租赁设备,维修,惩罚成本,超失效,博弈论。
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引用次数: 0
Optimization of Gigabit Passive Optical Network (GPON) Devices Replacement Interval 千兆无源光网络(GPON)设备更换周期的优化
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11948
Muhammad Mahrus Syamsurrijal, Abdullah Shahab
Entering the industrial era that is increasingly advanced and growing, reliable internet connection becomes a very important foundation for every business. Internet connection failure or downtime will be the obstacle and causes much loss both for businessman and for internet provider company. This research aims to find a solution on how to minimize internet connection failure. One of the various methods that can be used to overcome the problem is called preventive maintenance. This research is chosen to determine how far the role of preventive maintenance in reducing the risk of connection failure due to device failure. Several tools that used in this research, such as statistical distribution to determine the pattern of device failure, and mathematical formula to calculate the estimated duration of the downtime occurs based on the time of preventive maintenance was applied. From that calculation, it can be concluded the optimal time to apply preventive maintenance to minimize downtime duration. The results reveal that a decreasing downtime value happens when preventive maintenance is applied at the optimal age of the device. EI8E 8FE Electrical Interface Card kit was reduced by 8.01% with an optimal age of 21.82 days. GTGH 16 Port GPON Line Card devices were reduced by 5.46% with an optimal age of 16.69 days. EMTPDP-DC Power Board devices are reduced by 0.1% with an optimal age of 53 days. The GPON MSVG Control & Switching Card device is reduced by 4.38% with an optimal age of 32.28 days. MTPD Power Supply equipment is reduced by 1.2% with an optimal age of 92.35 days. The ETC8B 8E1 / T1 CES Card device was reduced by 0.84% with an optimal age of 41.23 days. Keywords―Data Processin, Downtime, Internet, Preventive Maintenance.
进入日益先进和发展的工业时代,可靠的互联网连接成为每一个企业非常重要的基础。互联网连接故障或停机将是一个障碍,并给商人和互联网提供商公司造成很大的损失。本研究旨在寻找一种解决方案,以尽量减少网络连接故障。可以用来克服问题的各种方法之一被称为预防性维护。选择这项研究是为了确定预防性维护在减少设备故障引起的连接故障风险方面的作用。本研究中使用的几种工具,如用于确定设备故障模式的统计分布,以及基于预防性维护时间计算预计停机时间的数学公式。从该计算中,可以得出应用预防性维护以最小化停机时间的最佳时间。结果表明,在设备的最佳使用年限进行预防性维护时,停机时间值会减少。ei8e8fe电接口卡套装减少8.01%,最佳龄21.82 d。GTGH 16端口GPON Line Card设备减少5.46%,最佳使用年龄为16.69天。EMTPDP-DC电源板器件减少0.1%,最佳使用寿命为53天。GPON MSVG控制开关卡设备减少4.38%,最佳使用年龄为32.28天。MTPD供电设备减少1.2%,最佳使用年限为92.35天。ETC8B 8E1 / T1 CES卡装置减少0.84%,最佳年龄为41.23 d。关键词:数据处理,停机时间,互联网,预防性维护
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引用次数: 0
The Establishment of Decision Making Support Tool for Inventory Control and Production Planning with Periodic Review System and Linear Programming Approach 基于定期评审和线性规划方法的库存控制和生产计划决策支持工具的建立
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11946
Redy Ardiansyah, I. N. Pujawan, N. Arvitrida
—PT. Mortars is an instant cement producer with many product variants. Some problems that PT. Mortars encountered are uncertainty of demand, limitation on production capacity, and inventory capacity, which caused product shortages and high inventory costs. The production scheduling process is produced manually so it requires a long time, relying on the ability and experience of the production planner which is vulnerable to mistakes. Therefore, new methods and tools are needed for inventory control and production scheduling to make sure goods are delivered to customer just in time while maintaining operational efficiency. Periodic review system (R,S) and (R, s, S) methods are proposed in this study to improve inventory parameters and reorder systems that have an impact on service levels and inventory costs. The tools are designed using Microsoft Excel software with solver add-ins functions and linear programming approaches to generate optimal production schedule decisions automatically. In order to determine the level of service and inventory costs generated by each method, a simulation is conducted by using the tools that have been made. The simulation of the existing method produces a service level of 98,64% and a total inventory cost of Rp. 1.167.160.494. The periodic review system (R, S) method resulted in increasing service level of 0,96% and lower inventory cost of Rp. 15.130.801 while the periodic review system (R, s, S) method resulted in increasing service level of 1,29% and a lower inventory cost of Rp. 448.653 compared to the existing method. The periodic review system (R, S) method produces the lowest inventory costs while the method (R, s, S) produces the highest service level compared to other methods .
pt。砂浆是一个即时水泥生产商与许多产品变体。迫击炮遇到的问题是需求的不确定性、生产能力的限制、库存能力的限制,导致产品短缺,库存成本高。生产调度过程是手工编制的,需要较长的时间,依赖于生产计划员的能力和经验,容易出错。因此,需要新的方法和工具来进行库存控制和生产调度,以确保货物及时交付给客户,同时保持运营效率。为了改善影响服务水平和库存成本的库存参数和再订货系统,本研究提出了定期审查系统(R,S)和(R,S,S)方法。该工具采用Microsoft Excel软件设计,具有求解器插件功能和线性规划方法,可自动生成最佳生产计划决策。为了确定每种方法产生的服务水平和库存成本,使用已制作的工具进行了模拟。通过对现有方法的仿真,得出服务水平为98.64%,总库存成本为Rp. 1.167.160.494。与现有方法相比,定期评审系统(R, S)方法使服务水平提高0.96%,库存成本降低Rp. 15.130.801,而定期评审系统(R, S, S)方法使服务水平提高1.29%,库存成本降低Rp. 448.653。与其他方法相比,定期审查系统(R, S)方法产生的库存成本最低,而方法(R, S, S)产生的服务水平最高。
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引用次数: 1
Company Profit Prediction Based On Forecasting Of Port Throughput Using Time Series-Adaptive Neuro Fuzzy Inference System 基于时间序列-自适应神经模糊推理系统港口吞吐量预测的公司利润预测
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11949
Victory Tyas Pambudi Swindiarto, M. I. Irawan
As a maritime country, ports play an important role in economic development in Indonesia. Throughput is an important factor affecting Port Profits. This prediction is needed in an effort to find out the company's prospects, help estimate the long-term profitability of representatives, predict earnings, and estimate risk in investment. In this research, forecasting data throughput will be carried out, such as container traffic, number of ships, export traffics, goods traffic, animal flow and passenger traffic for the next year using Time Series-Adaptive Neuro Fuzzy Inference System (TS-ANFIS) as an input parameter in the decision support system. Before predicting the benefits of the port using the ANFIS method, principal component analysis (PCA) was applied to reduce parameters that did not sufficiently affect the profits of the port. The data used are time series data from 2009 to 2018. From the system built it is expected to be able to provide good results in predicting the value of port throughput using TS-ANFIS and to predict profit values using the ANFIS method. The best results from profit prediction using ANFIS obtained R2 of 0.947, RMSE of 28524582.39, MAPE of 14.74% and MAAPE of 0.145. From the prediction results, it can be used as a reference for company projections in investing, managing cash flow, managing assets and global bonds. KeywordsANFIS, PCA, Time Series, Throughput, Port, Profit.
作为一个海洋国家,港口在印尼的经济发展中扮演着重要的角色。吞吐量是影响港口利润的重要因素。这种预测是在努力找出公司的前景,帮助估计代表的长期盈利能力,预测收益和估计投资风险时需要的。本研究将使用时序自适应神经模糊推理系统(TS-ANFIS)作为决策支持系统的输入参数,对下一年的集装箱运输量、船舶数量、出口运输量、货物运输量、动物运输量和客运量等数据吞吐量进行预测。在使用ANFIS方法预测港口效益之前,主成分分析(PCA)被应用于减少没有充分影响港口利润的参数。使用的数据为2009 - 2018年的时间序列数据。从构建的系统中,预计能够使用TS-ANFIS预测港口吞吐量的值,并使用ANFIS方法预测利润值。利用ANFIS进行利润预测的最佳结果为R2为0.947,RMSE为28524582.39,MAPE为14.74%,MAAPE为0.145。从预测结果来看,可以作为公司在投资、管理现金流、管理资产和全球债券方面进行预测的参考。关键词ANFIS, PCA,时间序列,吞吐量,港口,利润。
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引用次数: 0
Influences of Internal Service Quality, Employee Satisfaction, External Service Satisfaction And Customer Satisfaction Toward Customer Loyalty Of Gojek Service Users in Malang 内部服务质量、员工满意度、外部服务满意度和顾客满意度对玛琅Gojek服务使用者顾客忠诚的影响
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11936
Muhammad Rudijav Andalas
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引用次数: 0
A Conceptual Model of Green Supply Chain Management Effects on Firm Performance 绿色供应链管理对企业绩效影响的概念模型
Pub Date : 2022-01-04 DOI: 10.12962/j23546026.y2020i1.11951
R. Hidayat, Omia Crefioza, Pajar Damar Kusuma, Yusuf Syahiir Habiibii, Rafida Nur Fitria, Fauzia Damas Nungkiastuti, Fahmi Rezqa Afifi
― Green supply chain management (GSCM) is one of the strategies to overcome environmental problems caused by industrial activities and pressure from stakeholders such as the government and customers.The concept of green supply chain is a multidisciplinary issue that emerges essentially from building environment-friendly management practices in the context of supply chains. Nowadays manufacturing moves to Asia, awareness of green operations or sustainability has become important but relevant studies in Asian countries are not many especially in the Southeast Asia region .Prior studiesabout effects of GSCM on firm performance suggested for more in-depth research on the effect of each GSCM practices on company performance because GSCM's scope is quite extensive. Furthermore, several studies that examine the relationships between GSCM practices and organizational performance, there is a dearth of studies that have considered these relationships within the context of organizational or business strategy. Most studies have examined the outcomes of GSCM within the context of tangible measures such as environmental, operational, and economic performance. Consequently, research on intangible outcomes of GSCM practices is limited. Thus, the need examines the deployment of GSCMand analyzes their impact on environmental, economic and intangible performance.
-绿色供应链管理(GSCM)是克服工业活动和利益相关者(如政府和客户)压力造成的环境问题的策略之一。绿色供应链的概念是一个多学科的问题,主要是在供应链的背景下建立环境友好的管理实践。如今制造业转移到亚洲,绿色运营或可持续发展的意识已经变得重要,但亚洲国家的相关研究并不多,特别是在东南亚地区。先前关于GSCM对公司绩效影响的研究建议更深入地研究每个GSCM实践对公司绩效的影响,因为GSCM的范围相当广泛。此外,一些研究检查了GSCM实践和组织绩效之间的关系,缺乏在组织或商业战略的背景下考虑这些关系的研究。大多数研究都在环境、运营和经济绩效等有形指标的背景下检验了GSCM的结果。因此,对GSCM实践的无形成果的研究是有限的。因此,需要审查gscm的部署,并分析其对环境、经济和无形绩效的影响。
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引用次数: 2
Quality Improvement Design on Sales Website Using Fuzzy Quality Function Deployment (FQFD) Method 基于模糊质量功能展开(FQFD)方法的销售网站质量改进设计
Pub Date : 2021-11-11 DOI: 10.12962/j23546026.y2020i1.11316
Anindita Dewi Artanti, Yati Rohayati, Fakhirah Nur Alifah
― PT. XYZ is a company engaged in fashion which manufactures and sells its own products to consumers. The company sells through various online media including its own website and several marketplace media. However, their consumers make more online purchases through the marketplace than the website, which makes it difficult because the company can only use purchases from the website to obtain complete customer data needed to explore customer behavior. This research will be done using the Fuzzy QFD method to improve the quality of online sales service through the website based on the identified weaknesses of the company website that causes consumers to avoid making online purchases through the website. Fuzzy QFD is a QFD method integrated with fuzzy logic which aims to reduce the vagueness or obscurity of subjective judgments to improve calculation accuracy. The results of this research are 5 technical requirement from FQFD 1st iteration and critical part from 2nd iteration which are expected to produce recommendations needed by company to improve the quality of online sales services through its website based on a more objective and accurate data.
- PT. XYZ是一家从事时尚的公司,生产并销售自己的产品给消费者。该公司通过各种在线媒体进行销售,包括其自己的网站和几个市场媒体。然而,他们的消费者通过市场而不是网站进行更多的在线购买,这使得它变得困难,因为公司只能使用网站上的购买来获得探索客户行为所需的完整客户数据。本研究将使用模糊QFD方法来提高通过网站的在线销售服务质量,基于识别的弱点,导致消费者避免通过网站进行网上购物的公司网站。模糊QFD是一种与模糊逻辑相结合的QFD方法,旨在减少主观判断的模糊性或模糊性,从而提高计算精度。本研究的结果是FQFD第一次迭代的5项技术需求和第二次迭代的关键部分,预计将基于更客观准确的数据,产生公司通过其网站提高在线销售服务质量所需的建议。
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引用次数: 1
Environmental Assessment Using Integrated Risk Based Approach (IRBA) at Cahaya Kencana Landfill Site 基于综合风险方法的Cahaya Kencana垃圾填埋场环境评估
Pub Date : 2021-11-10 DOI: 10.12962/j23546026.y2020i1.11360
M. S. Iman, E. Pandebesie
—Cahaya Kencana landfill site located above the land belonging to the local government of Banjar District with land area 35,5 Ha, where used for Cahaya Kencana landfill 16,5 Ha, Kehati park 7,5 Ha, the remaining unused land is 11,5 Ha. Cahaya Kencana landfill site has been implementing the sanitary landfill system since 2014 with the existing area of 8.089,73 m 2 and the calculation results shows that sanitary landfill area can only use until the year 2021. So the goal that is to be achieved from this research is to evaluate the technical aspects and environment of Cahaya Kencana site with decision making tools. One of them through the assessment of environmental risk index or Integrated Risk Based Approach (IRBA). Risk Index (RI) assessment results using IRBA obtained 524,007 value with a category of moderate hazard evaluation, so that Cahaya Kencana site can be forwarded and rehabilitated into controlled landfill gradually. The strategy that needs to be done in the framework of Cahaya Kencana site is modifications of leachate treatment unit design.
-Cahaya Kencana垃圾填埋场位于Banjar区当地政府土地上方,土地面积35.5公顷,其中用于Cahaya Kencana垃圾填埋场165公顷,Kehati公园7.5公顷,剩余未使用土地11.5公顷。Cahaya Kencana垃圾填埋场从2014年开始实施卫生填埋场制度,现有面积为8.08973 m2,计算结果显示卫生填埋场面积只能使用到2021年。因此,本研究的目标是利用决策工具评估Cahaya Kencana遗址的技术方面和环境。其中一种方法是通过环境风险指数评估或基于综合风险的方法(IRBA)。利用IRBA进行的风险指数(RI)评价结果为524,007,危险性评价为中等,Cahaya Kencana地块可逐步转入控制填埋。需要在Cahaya Kencana场地框架内完成的策略是修改渗滤液处理单元的设计。
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引用次数: 1
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