The Indonesian Journal of Business Administration
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IMPLEMENTATION OF BENJAMIN GRAHAM’S VALUE IN COAL SECTOR (CASE STUDY OF COAL MINING SUB-SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE)
No full textThe objective of this study is for investment feasibility in mining sub-sector companies listed on the Indonesia Stock Exchange based on Benjamin Graham criteria. Because the mining industry's share experienced a very significant decline.This research method uses a quantitative approach with analysis of PEST (EL) and Benjamin Graham criteria. The source of this research uses secondary data sourced from the financial statements of the Coal Mining Sub Sector Company listed on the Indonesia Stock Exchange. The sample of this study was 15 companies through purposive sampling technique.The results of this study indicate that the coal industry in the future is still very promising. and companies that are very promising for investment are only one through the Benjamin Graham approach, namely PT. Mitrabara Adiperdana, tbk with code (MBAP).Keywords: Benjamin Graham, stock, coal, indonesia stock exchang
INVESTMENT ANALYSIS IN A MEDICAL EQUIPMENT DISTRIBUTOR (A CASE IN PT LA)
No full textPT LA is a company engaged in the distribution of medical laboratory equipment. PT LA made a contract operasional cooperation for the use of medical laboratory equipment with several class-A hospital laboratories, class-B hospital laboratories, and several non-hospital laboratories in Bandung. Cooperation is carried out for 5 years. In 2017 PT LA began to make a cooperation contract with the ABC hospital laboratory which is a class-A hospital. The cooperation contract will expire in 2022. At the end of the cooperation period, PT LA will have used medical laboratory equipment with a fairly large book value, and still have an economic life cycle of one year. To keep the value of the equipment high, PT LA must be able to immediately sell the used equipment within the economic period of the equipment. However, the high price of used equipment makes it difficult for PT LA to find buyers according to the desired price. At the same time, PT LA will need fresh funds for the purchase of new equipment in preparation for an extension of the project at ABC Hospital laboratory. If it is not taken into account in advance, PT LA will face financing difficulties to maintain cooperation opportunities at ABC Hospital laboratory.To deal with this business issue, PT LA has several options for research, namely: 1. Exchange of used equipment with new equipment for the extension of cooperation at ABC Hospital. 2. Recondition of used equipment with a contract target at CDE hospital laboratory which is a class B hospital. 3. Selling the used medical equipment to interested companies below its book value. The purpose of this case study is to examine which option is the best for companies in optimizing the book value of used equipment to reduce the initial investment of projects to be undertaken. Investment analysis is carried out to calculate, Net Present Value (NPV), Internal Rate of return (IRR), Payback Period (PBP), and the Profitability Index) PI.The results showed that the trade-in option provided the most feasible project value for the company. The results obtained: Net Present Value (NPV) = Rp. 3,434,644,981, Internal Rate of Return (IRR) = 20.76%, Payback Period (PBP) = 4.27 years and Profitability Index (PI) = 1.29. The results showed that the NPV> 0, IRR> cost of capital was 11.10%. The Payback Period (PBP) method shows that the return on investment is faster than the economic period of the asset (PBP <6 years) and the Profitability Index (PI) has a value of > 1. Sensitivity analysis was conducted to determine which variable was the most sensitive to the results of the study. The results of the analysis show that the initial investment capital is the most sensitive variable.The conclusion of the research results shows that the investment plan with trade-in options makes the value of the lab equipment is higher than its book value so that it has a large enough impact to reduce the capital to purchase new equipment for operational cooperation project at ABC Hospital laboratory.Keywords: Investment Analysis, Operational Cooperation, Hospital Laboratory, Medical Laboratory Equipment, Reconditioning
Throughput Fee Determination of LPG Terminal Facility (Case Study: PT Pertamina)
No full textPT Pertamina (Persero) has the intention to develop a project with PT BADAK NGL. To establish more efficient downstream operation, the existing facilities in PT BADAK NGL will replace existing floating facilities. Repair and maintenance of the facilities during its lifetime will be the responsibility of PT BADAK NGL, and it will also operate the facilities. Prior to the project, an investment analysis was carried out to determine the throughput fee based on the MARR (Minimum Acceptable Rate of Return) or hurdle rate targeted by Pertamina of 10.62%. Meanwhile, by considering the Minister of Energy and Natural Resources Regulation No. 58 of 2017 about gas infrastructure, the maximum value of IRR is set to 11%. Then the value is compared to current operating costs of floating facilities, to determine whether utilize PT BADAK NGL facilities for downstream operation is more efficient. The results show that the throughput fee range of the facility will be USD56.07 to USD56.28 per MT. With current operating cost at USD30 per MT, the project of utilizing Bontang LPG Terminal is an inefficient choice, as it will generate higher operating cost. An alternative throughput fee is determined, the result show the throughput fee range can be reduce to USD9.51 to USD 12.07 per MT. Another alternative of the CAPEX and OPEX was also determined to reach the maximum throughput fee at USD30 per MT. Sensitivity analysis was also conducted to see the most sensitive variables in the project. The result shows that CAPEX and OPEX need to be monitored closely.Keywords: Refrigerated LPG, throughput fee, floating storage, refrigerated terminal, hurdle rate, NPV, IRR, sensitivity analysis
Proposed Marketing Strategy for Increasing Sales a Case of Warung Suren
No full textBadan Ekonomi Kreatif (BEKRAF) in 2016 noted that Culinary Industry is the sector of the top rank which contributing highest GDP in Indonesia. With the 40.4% contributed the GDP followed by fashion with 18.01% and Craft with 15.40%, as the fourth country with the largest population in the world, which drives the high demand for culinary products as their primary needs and open up the great opportunities. Warung Suren tries to take advantage of the opportunity by producing their food product starting in 2014. However, with the lack of Innovation, promotion and business system is affected the sales, which decreasing for the last two years. This research intends to find the right marketing strategy and business structure to increase sales on Warung Suren. By analyzing internal and external factor as the first step this research, using several methods to analysis internal factors with Segmenting, Targeting, and Positioning (STP) and Marketing Mix (4p). While for the external are used Five Forces and PESTLE. For gathering data, Warung Suren uses a quantitative method with the questionnaire as the tool by spread the question to the respondents. Keyword: Culinary Industry, Increase Sales, Questionnair
Blasting Operational Improvement for Efficiency and Optimization of Coal Reserves Case Study: Pit C2-PT.Berau Coal
No full textPT.Berau Coal (PT.BC) is a company that holds a Coal Mining Concession Work Agreement (PKP2B) located in Berau District, East Kalimantan Province. PT.BC uses an open pit mining system, where one of the important stages in the mining process is using a blasting system to blow up the covering material (overburden). The government issued Minister of Energy and Mineral Resources (ESDM) Regulation No.26 of 2018 and Decree No.1827.K/30/MEM/2018 limit the safe distance of blasting for mining equipment and facilities 300 m and for humans 500 m and the case of changes in the blasting activity, technical studies must be conducted first. The blasting effects such as Ground Vibration, Airblast and Flyrock must be safe and comply with the Indonesian National Standard (SNI). In an effort to achieve the production targets for 2020 and Life of Mine (LOM), Sambarata Mine Operation has an opportunity of optimization Pit C2 to the south but limited to safe distance <500 m from humans and public facilities. The number of overburden that can be excavated at a distance of 150-500 m by Life of Mine (LOM) is 24,573,000 BCM, with a stripping ratio of 8.64, coal will get 2,843,000 ton. Blasting operational system improvement at safe distance 150-500 m from human and public facilities is a solution to the business issue. Some of the main improvements made were improvements in the Technical Blasting, Quality Control and Risk Control. Implementation of this project gives good results such as: blasting effect (Ground Vibration, Airblast and Flyrock) below the threshold value according to SNI standards and target, production efficiency in terms of saving production costs and increase the productivity of the unit loader, and optimization of coal reserves.Key words: Blasting, Improvement, Efficiency, Optimization, Safe Distance, Ground Vibration, Airblast, Flyroc
SENTIMENT ANALYSIS OF OVO USER OPINION
No full textIntroduction: The growth of smartphone adoption and e-commerce are shifting customer payment method from cash to cashless. Methods: Qualitative initial study was conducted to 7 participants which are OVO users to generate variables. After that sentiment analysis was conduct where in this research various data in the form of opinions were analyzed to get sentiment information contained in a sentence whether it is positive, negative or neutral. Quantitative method also conducted by using SPSS.25 to see the relationship between the variable and verified by qualitative method through in-depth interview with users. Results: Although overall OVO is considered positive by its users, it turns out that there are variables that tend to generate more negative sentiments, they are variable IT systems and customer service. The unpreparedness of the OVO system to collaborate with its partners creates many system problems experienced by negative opinions or experiences written on Twitter or other sources is a proxy for their dissatisfaction with OVO. In addition, the existing problems were not responded to by customer service.Conclusion: OVO needs to improve the system by make a clearing forum with its partners and improve the quality of customer service by provide training. So that OVO can reduce negative sentiment and increase positive sentiment.Keywords: Electronic Wallet, Sentiment Analysis, Financial Technology Industry, Cashless Payment Methods
PROPOSED MARKETING STRATEGY FOR PHOTOGRAPHY AND VIDEOGRAPHY COMPANY “ANTENA”
No full textAntena is a company that provides a photography and videography service. Antena was built on early 2018 by three members with different educational backgrounds, who share the same passion in visual design, especially digital. Currently, Antena is already on its first year, but, Antena face a problem which is a stagnant sale and not improving in the past months. The aim of making this research is to know which marketing activities or strategies that Antena could use in order to boost the sales per month of Antena. The main methods of this research are using internal and external analysis, also by using questionnaire and action plan to validate some of the actions and strategies. In conclusion, based on some of the analysis, Antena still doesn’t perform well in terms of marketing activities, especially in social media because Antena still using an old-fashioned offline method which is word of mouth to promote its brand. The conclusion is that Antena should improve its marketing aspect of the business especially in terms of social media activities.Keywords: marketing, photography, service, analysis, action pla
PROPOSED NEW PRODUCT DEVELOPMENT (CASE STUDY: MAMAKKUCING)
No full textThe increase in pet ownership is in line with the increase in the pet industry growth. According to the data calculated by Statista, in 2022, the pet industry growth by region, Asia Pacific, estimated CAGR (Compound Annual Growth Rate) is 9.3%. Aside from the mentioned data, Indonesia's interest in owning a cat can be seen from cat lovers' various communities, for example, ICA (Indonesia Cat Association), FIFE (Fédération Internationale Féline), and various local cat community, D’clovers. With the rise of various cat owner communities and the pet industry market growth, it can conclude that there is an opportunity for pet industry business in Indonesia. Mamakkucing occurs to be a cathouse in Bandung that provides the best quality of cats. Since Mamakkucing launched, in some period, the income does not cover the expenses. One of the problems is female cats can only produce kittens every eight months, because they can only mate three times in two years. The value of this Cathouse is not only maintained quality physically but also spiritual which makes Mamakkucing not force cats to mate that creates a low production even in certain months; there is no product. In essence, this production cannot be forced, considering that cats are living things. For this reason, Mamakkucing plans to do new product development as a strategy to become another source of income apart from Cat House. To discover the best products/services that must be created, a design thinking method is used.. The data collection uses a qualitative method by interviewing the customer persona. Keywords: New Product Development, Cat House, Design Thinkin
PROPOSED IMPROVEMENTS OF SEMINAR BAG PRODUCTION SYSTEM TO MINIMIZE DELAYS IN PRODUCT DELIVERY (CASE STUDY IN CV. ABC)
No full textCV ABC is a firm involved in the production of bags in Bandung. CV ABC always strives to deliver the highest quality products and on-time delivery service in satisfying customer wishes. One product with the highest manufacturing demand on CV ABC is the seminar bag. In 2018, the seminar bag became the product with the highest demand but became the product that caused the company's biggest loss. The business encountered a reduction in profit Rp 77.934.000 due to late shipment of the product. Based on the issues, Current Reality Tree is used to define the key factors that cause delays in the product's shipment that lead the business to lose. Then it was discovered that no procurement plans, no production planning, no standard processes, no resource management and poor design facilities caused the delay. After understanding the key factors that cause delays in the product's shipment, alternative solutions are suggested. Proposed alternative solutions are forecasting for core suppliers, selecting new suppliers using Analytical Hierarchy Process method, determining worker demands, improving facilities layout, designing Standard Operating Procedures and recruitment processes, and combining all alternative alternatives. Then, comparison is created between alternative solutions that contain the total loss decrease and the solution's effectiveness. The discussion was performed with CV ABC to find the best alternative solution. The findings of the discussion show that the business selecting the best alternative solution for the short term that will be implemented is to add the number of workers. The addition of workers can decrease losses by Rp 37.140.000 with an effectiveness rate of 75 percent. The company then selects the combination of all alternative alternatives for the long-term implementation plan.Keywords: Current Reality Tree, Effectiveness, Loss Reduction, On Time Delivery, Seminar Ba
The Effect of Tax Socialization on Taxpayer Compliance in Bandung
No full textLack of socialization of taxation can lead to ignorance of tax knowledge and consequentlynon-compliance with regulations. Lack of adequate tax facilities and infrastructure also results in alack of motivation to report taxes. The higher the level of taxpayer compliance, the higher the level oftax success. Thus the tax target can be achieved. This study aims to determine the expectations oftaxpayers on tax socialization and to analyze the effect of tax socialization on taxpayer compliance inthe city of Bandung. The research method used is quantitative, with descriptive and causal researchtypes. Sampling with the simple random sampling method with a sample of 400 people. Taxpayersprefer direct socialization. The material that taxpayers expect is the reporting of annual personal taxreturns, held in the first quarter, namely January - March, with a duration of 30-45 minutes, and usingpersonal devices. Socialization using billboards or street advertisements is also adequate. The resultsof the descriptive analysis shows that the tax socialization variable is in a good category. Likewise, thetaxpayer compliance variable is included in the good category. The results of regression analysis andthe coefficient of determination show that tax socialization has a positive effect on taxpayercompliance and it also add on the significance to taxpayer compliance in Bandung.Keywords: Tax, Tax Socialization, Taxpayer Complianc