The article aims to determine the last mile delivery challenges faced by online retailers in Kenya. This is based on the online retailing sub-sector’s contribution to the country’s economy. Despite its significant contribution to the country’s economy, little is known about the challenges facing online retailers during last mile delivery. In other countries such as China and South Africa, that are doing better in online retailing, extensive research has been done to determine unique challenges facing their online retailers during last mile delivery. It is important for the online retailers and relevant government agencies in Kenya to understand the last mile delivery factors that hinder the growth e-commerce. A qualitative research design using face-to-face interviews was used to collect data from seven online retail managers in Nairobi. The findings revealed there are a variety of last mile delivery challenges facing online retailers. These include the lack of a good national addressing system, traffic concerns, security concerns, high cost of delivery, postal service unreliability, and unconducive county government by-laws. The lack of a good national addressing system was found to be the most common last mile delivery challenge facing online retailers in Nairobi. It is recommended that retailers request their customers to share location details via online map applications such as Google Maps to overcome this challenge. The use of other delivery options, such as customer pick-up points of convenience can also be considered.
{"title":"THE LAST MILE DELIVERY PROBLEM: A KENYAN RETAIL PERSPECTIVE","authors":"Eric Mogire, P. Kilbourn, R. Luke","doi":"10.22306/al.v9i4.329","DOIUrl":"https://doi.org/10.22306/al.v9i4.329","url":null,"abstract":"The article aims to determine the last mile delivery challenges faced by online retailers in Kenya. This is based on the online retailing sub-sector’s contribution to the country’s economy. Despite its significant contribution to the country’s economy, little is known about the challenges facing online retailers during last mile delivery. In other countries such as China and South Africa, that are doing better in online retailing, extensive research has been done to determine unique challenges facing their online retailers during last mile delivery. It is important for the online retailers and relevant government agencies in Kenya to understand the last mile delivery factors that hinder the growth e-commerce. A qualitative research design using face-to-face interviews was used to collect data from seven online retail managers in Nairobi. The findings revealed there are a variety of last mile delivery challenges facing online retailers. These include the lack of a good national addressing system, traffic concerns, security concerns, high cost of delivery, postal service unreliability, and unconducive county government by-laws. The lack of a good national addressing system was found to be the most common last mile delivery challenge facing online retailers in Nairobi. It is recommended that retailers request their customers to share location details via online map applications such as Google Maps to overcome this challenge. The use of other delivery options, such as customer pick-up points of convenience can also be considered.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46140919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nowadays choosing the right packaging system is becoming increasingly challenging, mainly due to the pressure to meet dynamically changing customer needs. In order to remain competitive, the types of unit loads handled by companies are changing more and more frequently, which means that the choice of the ideal packaging system is also becoming increasingly important. The packaging of products influences the efficiency of logistics operations and the cost of running the system, whose role is becoming increasingly important. As a result of the detailed literature analysis presented here, it is concluded that no framework has been developed to date that provides an adequate answer to the choice of the optimal packaging system in different circumstances. The methods used in practice focus on a few narrow areas and ignore many relevant aspects. In this paper, we present the testing options for the packaging management system we have developed, the building blocks of the system and their role in the testing process. In addition, the basic process of one type of testing, namely the selection of the optimal packaging system for a new product type, is described.
{"title":"OPERATIONAL CONCEPT OF AN INNOVATIVE PACKAGING MANAGEMENT SYSTEM","authors":"Henriett Matyi, P. Tamás","doi":"10.22306/al.v9i4.327","DOIUrl":"https://doi.org/10.22306/al.v9i4.327","url":null,"abstract":"Nowadays choosing the right packaging system is becoming increasingly challenging, mainly due to the pressure to meet dynamically changing customer needs. In order to remain competitive, the types of unit loads handled by companies are changing more and more frequently, which means that the choice of the ideal packaging system is also becoming increasingly important. The packaging of products influences the efficiency of logistics operations and the cost of running the system, whose role is becoming increasingly important. As a result of the detailed literature analysis presented here, it is concluded that no framework has been developed to date that provides an adequate answer to the choice of the optimal packaging system in different circumstances. The methods used in practice focus on a few narrow areas and ignore many relevant aspects. In this paper, we present the testing options for the packaging management system we have developed, the building blocks of the system and their role in the testing process. In addition, the basic process of one type of testing, namely the selection of the optimal packaging system for a new product type, is described.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44424001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Romana Heinzová, K. Vichova, Kamil Peterek, J. Strohmandl
Food production is one of the key sectors of the food industry in the Czech Republic and the European Union. Its direct link to the primary agricultural sector is also crucial, from which it takes inputs, which it further processes and markets. A necessary condition for this process is the quality and safety of the commodity produced. The businesses must demonstrate food quality and safety through an effective system of traceability and traceability of these criteria. These conditions significantly affect aspects of production and logistics. The paper is focused on the dairy industry. This industry forms an essential part of the entire agri-food chain. Processes in enterprises of this type are specified in that several regulations affect production and logistics operations. Raw materials and products are perishable. On the other hand, the customer expects a quality and safe product at the right time. The paper's main aim was the identification of risks in individual phases of the dairy industry logistics processes. The area of purchasing, production, and the transport was examined in particular. The secondary aim was to expand theoretical knowledge of dairy management. Expert studies and scientific articles in this area are insufficient.
{"title":"SUPPLY CHAIN RISK MANAGEMENT IN DAIRY INDUSTRY OF THE CZECH REPUBLIC","authors":"Romana Heinzová, K. Vichova, Kamil Peterek, J. Strohmandl","doi":"10.22306/al.v9i4.343","DOIUrl":"https://doi.org/10.22306/al.v9i4.343","url":null,"abstract":"Food production is one of the key sectors of the food industry in the Czech Republic and the European Union. Its direct link to the primary agricultural sector is also crucial, from which it takes inputs, which it further processes and markets. A necessary condition for this process is the quality and safety of the commodity produced. The businesses must demonstrate food quality and safety through an effective system of traceability and traceability of these criteria. These conditions significantly affect aspects of production and logistics. The paper is focused on the dairy industry. This industry forms an essential part of the entire agri-food chain. Processes in enterprises of this type are specified in that several regulations affect production and logistics operations. Raw materials and products are perishable. On the other hand, the customer expects a quality and safe product at the right time. The paper's main aim was the identification of risks in individual phases of the dairy industry logistics processes. The area of purchasing, production, and the transport was examined in particular. The secondary aim was to expand theoretical knowledge of dairy management. Expert studies and scientific articles in this area are insufficient.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43568442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The current study aims to provide an overview of the role of electronic human resources management practices (E-HRM) in corporate entrepreneurship (CE) in telecommunication corporations in the Duhok governorate-Kurdistan region to progress their entrepreneurial capacities through implementing E-HRM systems. The study sample was made up of 5 telecom companies. The structured questionnaire designed by the researchers was used to collect primary data, totalling 32 respondents. Data analysis was performed by different statistical methods through SPSS program. The results of the study reveal that the correlation coefficient between the variables of the study is 0.775 (Total index). This shows a positive relationship between E-HRM and Corporate Entrepreneurship, supporting the validity of the first main hypothesis of the study. The results also indicate that E-HRM practices have a significant positive effect on Corporate Entrepreneurship due to the calculated F value (45.184) is higher than its tabular value (4.17). Accordingly, the second research hypothesis has been accepted.
{"title":"PROMOTING CORPORATE ENTREPRENEURSHIP THROUGH ELECTRONIC HUMAN RESOURCES MANAGEMENT PRACTICES: AN EMPIRICAL STUDY","authors":"D. Salih, Araz Ahmed, F. Shaaban","doi":"10.22306/al.v9i4.330","DOIUrl":"https://doi.org/10.22306/al.v9i4.330","url":null,"abstract":"The current study aims to provide an overview of the role of electronic human resources management practices (E-HRM) in corporate entrepreneurship (CE) in telecommunication corporations in the Duhok governorate-Kurdistan region to progress their entrepreneurial capacities through implementing E-HRM systems. The study sample was made up of 5 telecom companies. The structured questionnaire designed by the researchers was used to collect primary data, totalling 32 respondents. Data analysis was performed by different statistical methods through SPSS program. The results of the study reveal that the correlation coefficient between the variables of the study is 0.775 (Total index). This shows a positive relationship between E-HRM and Corporate Entrepreneurship, supporting the validity of the first main hypothesis of the study. The results also indicate that E-HRM practices have a significant positive effect on Corporate Entrepreneurship due to the calculated F value (45.184) is higher than its tabular value (4.17). Accordingly, the second research hypothesis has been accepted.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42381346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ariviana L. Kakerissa, H. Hahury, Fredy H. Louhenapessy
Potential utilization of owned natural resources is the advantage of each region as an industrial competitiveness strategy. Moreover, each existing industry can be grouped (clustered) according to the characteristics of the industry which in turn can support regional economic growth and improve the welfare of its people. This study seeks to map of potential of smoked fish industrial cluster product in the archipelago by focusing on the Ambon Island area. The results showed that, there were 78 smoked fish industries that formed 6 (six) groups of smoked fish industry agglomerations in the Ambon Island region with an average distance between point (industrial) with its closest point is 0.208 km. A total of 78.79% or 78 points (industry) has a distance to their nearest industry which is less than the average distance. The Average Nearest Neighbour Analysis using ArcGis 10.5, found that the distribution of the fishery processing industry in the Ambon Island region has a ratio of 0.203416 with a Z-score of -15.008879 and a significance of 0.000. This ratio is within the parameters that indicate a spatial clustered pattern, which means that the distribution of smoked fish industry on Ambon Island is identified as having the potential to develop into industrial clusters.
{"title":"POTENTIAL OF SMOKED FISH INDUSTRIAL CLUSTER IN THE ISLANDS AREAS","authors":"Ariviana L. Kakerissa, H. Hahury, Fredy H. Louhenapessy","doi":"10.22306/al.v9i4.347","DOIUrl":"https://doi.org/10.22306/al.v9i4.347","url":null,"abstract":"Potential utilization of owned natural resources is the advantage of each region as an industrial competitiveness strategy. Moreover, each existing industry can be grouped (clustered) according to the characteristics of the industry which in turn can support regional economic growth and improve the welfare of its people. This study seeks to map of potential of smoked fish industrial cluster product in the archipelago by focusing on the Ambon Island area. The results showed that, there were 78 smoked fish industries that formed 6 (six) groups of smoked fish industry agglomerations in the Ambon Island region with an average distance between point (industrial) with its closest point is 0.208 km. A total of 78.79% or 78 points (industry) has a distance to their nearest industry which is less than the average distance. The Average Nearest Neighbour Analysis using ArcGis 10.5, found that the distribution of the fishery processing industry in the Ambon Island region has a ratio of 0.203416 with a Z-score of -15.008879 and a significance of 0.000. This ratio is within the parameters that indicate a spatial clustered pattern, which means that the distribution of smoked fish industry on Ambon Island is identified as having the potential to develop into industrial clusters.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44159656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Putri, Brian Pratistha, Syandi Negara, Ahmad Kamil, Amanah Pasaribu
One way to minimize national logistics costs is to develop multimodal transportation. The steps for multimodal development are forming a linear model for each transportation mode, the simultaneous formation of a linear model, and forecasting and simulation of the minimum transportation costs. Area partition based on distance can be used as a solution for selecting transportation modes in multimodal with a certain distance. It can be useful in reducing transportation costs that only rely on unimodal, namely trucks. The estimation of reducing logistics costs is by forecasting goods that will pass through transportation modes in 2025 and making the simulation. Train or truck is used for short distances such as moving goods from factories or warehouses to transhipment points and from transhipment points to consumers or retailers. Trains, freighters and planes are used as the main routes as needed. The simulation results show that national logistics costs reduce by 17% when using the lowest-cost transportation mode in the area division.
{"title":"MULTIMODAL INTEGRATION MODEL FOR REDUCING NATIONAL LOGISTICS COSTS","authors":"M. Putri, Brian Pratistha, Syandi Negara, Ahmad Kamil, Amanah Pasaribu","doi":"10.22306/al.v9i3.322","DOIUrl":"https://doi.org/10.22306/al.v9i3.322","url":null,"abstract":"One way to minimize national logistics costs is to develop multimodal transportation. The steps for multimodal development are forming a linear model for each transportation mode, the simultaneous formation of a linear model, and forecasting and simulation of the minimum transportation costs. Area partition based on distance can be used as a solution for selecting transportation modes in multimodal with a certain distance. It can be useful in reducing transportation costs that only rely on unimodal, namely trucks. The estimation of reducing logistics costs is by forecasting goods that will pass through transportation modes in 2025 and making the simulation. Train or truck is used for short distances such as moving goods from factories or warehouses to transhipment points and from transhipment points to consumers or retailers. Trains, freighters and planes are used as the main routes as needed. The simulation results show that national logistics costs reduce by 17% when using the lowest-cost transportation mode in the area division.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41876103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Paillin, J. Tupan, Jacobus Paillin, V. Lawalata, W. Latuny
Seram Bagian Barat (SBB) Regency is a good location for seaweed cultivation in Maluku Province. The area of land and the amount of seaweed production in the area is vast. However, in one of the giant seaweed-producing areas, the lives of most seaweed farming communities are still below the poverty line and are not prosperous due to the long distribution chain and the dominance of middlemen's role in their business still huge. This study aims to analyse and obtain the best-prioritized strategy to overcome the dominance of middlemen (called tengkulak) in seaweed cultivation using the Analytical Hierarchy Process (AHP) method with the Liberatore approach. From the results of data processing, it was obtained that the best strategy that became a priority for the prevention of domination in seaweed cultivation was the strategy Utilizing marketplaces or digital marketing with the highest weight of 0.483, followed by the strategy Expanding the Role of Regional Companies in Marketing at the Provincial and District with a weight of 0.241, the strategy Activating Cooperatives on a District Scale with a weight of 0.224. The last one is the strategy The Department of Industry and Trade Regulates the Overall Chain of Commerce" with a weight of 0.036. These results can be used as the basis for policymaking for the Seram Bagian Barat Regency government in shortening the seaweed distribution chain as one of the superior regional commodities so that it can improve the performance of the seaweed supply chain in the future.
Seram Bagian Barat (SBB) Regency是马鲁古省海藻养殖的好地方。该地区的土地面积和海藻产量巨大。然而，在一个巨大的海藻生产区，由于分销链长，中间商在其业务中的主导作用仍然很大，大多数海藻养殖社区的生活仍处于贫困线以下，并不富裕。本研究旨在利用层次分析法(AHP)和Liberatore方法，分析并获得克服海藻养殖中中间商(tengkulak)优势的最佳优先策略。从数据处理的结果中可以得出，成为防止垄断海藻养殖的最佳优先策略是利用市场或数字营销的策略，其权重最高为0.483，其次是扩大区域公司在省和地区营销中的作用的策略，其权重为0.241，在地区规模上激活合作社的策略，其权重为0.224。最后一个是“The Department of Industry and Trade regulating The Overall Chain of Commerce”策略，权重为0.036。这些结果可以作为Seram Bagian Barat Regency政府缩短海藻配送链作为优势区域商品之一的决策依据，从而提高未来海藻供应链的绩效。
{"title":"PRIORITY STRATEGIES SELECTION TO PREVENT MIDDLEMEN DOMINATION IN SHORTENING THE DISTRIBUTION CHAIN","authors":"D. Paillin, J. Tupan, Jacobus Paillin, V. Lawalata, W. Latuny","doi":"10.22306/al.v9i3.309","DOIUrl":"https://doi.org/10.22306/al.v9i3.309","url":null,"abstract":"Seram Bagian Barat (SBB) Regency is a good location for seaweed cultivation in Maluku Province. The area of land and the amount of seaweed production in the area is vast. However, in one of the giant seaweed-producing areas, the lives of most seaweed farming communities are still below the poverty line and are not prosperous due to the long distribution chain and the dominance of middlemen's role in their business still huge. This study aims to analyse and obtain the best-prioritized strategy to overcome the dominance of middlemen (called tengkulak) in seaweed cultivation using the Analytical Hierarchy Process (AHP) method with the Liberatore approach. From the results of data processing, it was obtained that the best strategy that became a priority for the prevention of domination in seaweed cultivation was the strategy Utilizing marketplaces or digital marketing with the highest weight of 0.483, followed by the strategy Expanding the Role of Regional Companies in Marketing at the Provincial and District with a weight of 0.241, the strategy Activating Cooperatives on a District Scale with a weight of 0.224. The last one is the strategy The Department of Industry and Trade Regulates the Overall Chain of Commerce\" with a weight of 0.036. These results can be used as the basis for policymaking for the Seram Bagian Barat Regency government in shortening the seaweed distribution chain as one of the superior regional commodities so that it can improve the performance of the seaweed supply chain in the future.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48464192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study proposes a layered architecture of a transshipment model for small and medium enterprises (SME) that supports road freight logistics using rice farmers in Thailand as a case study. The rationale is three folds. First, road freight logistics transportation usually does not apply to SME. Second, existing supply chain logistics models are not appealing to SME in that SME do not have abundant resources to exploit the fullest extent of redeeming features of the models. Third, road freight logistics and transshipment are often incorporated as an integral service operation of a distribution centre to transport goods items from source to destination, which most SME cannot afford the entire service charge. The notion of layering is to make each layer transparent to one another, covering specific transshipment activities that do not overlap with adjacent layers yet keep their operating characteristics closely related. The case study of Thai rice farmers can thus operate and adjust to fit their working scenarios. Contributions of the proposed model are flexible and resilient operations that SME can benefit at less investment but more options to fall back on. Future work should emphasise on transshipment routing research and integration of the proposed model into distribution centre operations management.
{"title":"FROM CART TO LAYERED ARCHITECTURAL TRANSSHIPMENT MODEL SUPPORTING SMALL AND MEDIUM ENTERPRISES FOR ROAD FREIGHT LOGISTICS","authors":"Nalinee Sophatsathit","doi":"10.22306/al.v9i3.308","DOIUrl":"https://doi.org/10.22306/al.v9i3.308","url":null,"abstract":"This study proposes a layered architecture of a transshipment model for small and medium enterprises (SME) that supports road freight logistics using rice farmers in Thailand as a case study. The rationale is three folds. First, road freight logistics transportation usually does not apply to SME. Second, existing supply chain logistics models are not appealing to SME in that SME do not have abundant resources to exploit the fullest extent of redeeming features of the models. Third, road freight logistics and transshipment are often incorporated as an integral service operation of a distribution centre to transport goods items from source to destination, which most SME cannot afford the entire service charge. The notion of layering is to make each layer transparent to one another, covering specific transshipment activities that do not overlap with adjacent layers yet keep their operating characteristics closely related. The case study of Thai rice farmers can thus operate and adjust to fit their working scenarios. Contributions of the proposed model are flexible and resilient operations that SME can benefit at less investment but more options to fall back on. Future work should emphasise on transshipment routing research and integration of the proposed model into distribution centre operations management.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49517354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Ulum, Rika Adriyana, D. Mahmudah, Mahirun Mahirun
Dividend policy is one of the important factors that supply the company's financial flows and operational activities. This study examines the determinants of dividend policy from the perspective of information asymmetry and institutional ownership. The research sample is the companies listed on Indonesia Stock Exchange that pay dividend consecutively from 2016 to 2020. The method of analysis is SEM-PLS operated with WarpPLS 8.0. The results showed that high information asymmetry between company management and shareholders encourages managers to reduce dividend payments for the purpose of providing company capital and production activities. Furthermore, the existence of institutional ownership supports managers' policies and prefers that company profits should be used to supply capital, not be distributed to shareholders. This finding is consistent with the pecking order theory and also implicates the need for a corporate governance system to be improved to give better protection to the investors.
{"title":"DIVIDEND POLICY AS A SUPPLY OF COMPANY FINANCIAL FLOWS IN THE PERSPECTIVE OF INFORMATION ASYMMETRY AND OWNERSHIP STRUCTURE","authors":"A. Ulum, Rika Adriyana, D. Mahmudah, Mahirun Mahirun","doi":"10.22306/al.v9i3.319","DOIUrl":"https://doi.org/10.22306/al.v9i3.319","url":null,"abstract":"Dividend policy is one of the important factors that supply the company's financial flows and operational activities. This study examines the determinants of dividend policy from the perspective of information asymmetry and institutional ownership. The research sample is the companies listed on Indonesia Stock Exchange that pay dividend consecutively from 2016 to 2020. The method of analysis is SEM-PLS operated with WarpPLS 8.0. The results showed that high information asymmetry between company management and shareholders encourages managers to reduce dividend payments for the purpose of providing company capital and production activities. Furthermore, the existence of institutional ownership supports managers' policies and prefers that company profits should be used to supply capital, not be distributed to shareholders. This finding is consistent with the pecking order theory and also implicates the need for a corporate governance system to be improved to give better protection to the investors.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43764419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Last mile supply system takes great importance in the designed supply chain management, especially in the big urban areas, where various goods delivery locations should be tackled. Transportation routes and vehicles play a critical share in the optimization of the energy spent in this system because it is considered a complicated case due to its high solutions possibilities. Also, part of these transport processes is considered reverse logistics, where the goods take the way back, starting from the customer. Using a metaheuristic optimization is usually a good way to increase operations efficiency and save time and energy, next to raising sustainability. Within this paper, the last mile supply system within urban areas focusing on the goods' delivery and collection tasks is presented. The model design is described, mathematical optimization modelling is detailed, and a case study to investigate the impact of using diesel and electric trucks on energy efficiency is solved. After an introduction and theoretical background that includes a brief literature review, the designed system and used methodology are described. The designed system incorporates cloud computing, real routes of vehicles, analysis of collected data, energy consumption optimization, and time windows. Also, a mathematical model is developed with the aim of optimizing the total energy consumption. Real thirty locations in Budapest in the VII district are described and used as a case study for finding the solutions of the optimized taken routes and energy consumption by the genetic algorithm for both diesel and electric trucks. In the end, the results are analyzed and compared against a random solution to clarify the presented optimization's effectiveness.
{"title":"ENERGY EFFICIENCY OPTIMIZATION OF LAST MILE SUPPLY SYSTEM WITH REVERSE LOGISTICS CONSIDERATION","authors":"M. Akkad, Rana Rabee, T. Bányai","doi":"10.22306/al.v9i3.315","DOIUrl":"https://doi.org/10.22306/al.v9i3.315","url":null,"abstract":"Last mile supply system takes great importance in the designed supply chain management, especially in the big urban areas, where various goods delivery locations should be tackled. Transportation routes and vehicles play a critical share in the optimization of the energy spent in this system because it is considered a complicated case due to its high solutions possibilities. Also, part of these transport processes is considered reverse logistics, where the goods take the way back, starting from the customer. Using a metaheuristic optimization is usually a good way to increase operations efficiency and save time and energy, next to raising sustainability. Within this paper, the last mile supply system within urban areas focusing on the goods' delivery and collection tasks is presented. The model design is described, mathematical optimization modelling is detailed, and a case study to investigate the impact of using diesel and electric trucks on energy efficiency is solved. After an introduction and theoretical background that includes a brief literature review, the designed system and used methodology are described. The designed system incorporates cloud computing, real routes of vehicles, analysis of collected data, energy consumption optimization, and time windows. Also, a mathematical model is developed with the aim of optimizing the total energy consumption. Real thirty locations in Budapest in the VII district are described and used as a case study for finding the solutions of the optimized taken routes and energy consumption by the genetic algorithm for both diesel and electric trucks. In the end, the results are analyzed and compared against a random solution to clarify the presented optimization's effectiveness.","PeriodicalId":36880,"journal":{"name":"Acta Logistica","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42531877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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