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Decision Analysis in Generating Robust and Systematic Gas Asset Development Strategy in Block X Subsequent to the End of PSC Using AHP and SMART
Get PDFDevelopment strategy along with reservoir management is a central part of a company’s production strategy and crucially needed to warrant the continuous withdrawal of hydrocarbons until its estimated ultimate recovery. Gas production has been generating high value for the XCO. However, gas production shows declining trend with >30% decline-rate. Moreover, currently there’s no solid gas development plan, particularly post PSC termination to improve gas production. In-depth assessment as part of the research indicates several root causes with key problem is the absence of gas development strategy. The solution proposed in the research is the formulation of robust and systematic gas development strategy through MCDM by utilizing AHP to identify development alternative to recover the gas remaining reserves and applying SMART to define high priority tranche as focus development target area. The outcome of the analysis generates recommendations to pursue with Convert-to-Gas to add take- point on gas field to improve gas production performance where the tranche(s) prioritization is recommended to be focused on tranche C+D (Alternative 6). Combination of AHP and SMART is proven to be the most applicable and proper approach to tackle two facets of decision-making process to be able to establish a robust and systematic gas development strategy. Keywords: multi criteria decision analysis, analytic hierarchy process, AHP, simple multi attribute rating technique, SMART, gas production, development strategy, oil and ga
The Impact of Green Marketing on the Purchase of Green Consumer Goods
Get PDFThe existence of environmental issues makes consumers start using green products, and it cause the trend of green products to increase. Therefore, companies entering the green product market need a new marketing strategy in marketing their products. Previous research found a new marketing concept called green marketing. The study is important because the concept of green marketing is very different from ordinary marketing concepts, and consumers still feel foreign about green products. Hence, companies need to research to find out what green marketing factors are suitable for consumers, especially Indonesian consumers, to influence the purchase of green consumer goods. The methodology used in the research is a quantitative approach by distributing questionnaires as a measuring tool, and PLS - SEM is used as an analytical tool. The findings of this study are eco labels, eco brands, and environment advertisements have a significant positive influence in building purchase decisions of consumers through purchase intention. Companies that want to enter the green market need to consider the results of this study as a consideration in creating an effective marketing strategy. Keywords: Green Consumer Goods, Green Marketing, Purchase Decision
Corporate Environmental Consciousness and Cost of Financing: Case of Indonesian Listed Firms
Get PDFIn the last decade, there has been a growing concern towards corporations that uphold environmental consciousness thus increasing sustainable finance. Literature shows that corporate’s environmental awareness acts such as corporate’s disclosure of sustainability report and carbon emission strategy have reduced the cost of financing. This is due to environmental awareness is expected to minimize the risk of investing and information asymmetry. However, concerns on similar issues have just raised recently in Indonesia. Thus, this paper aims to examine the evidence in Indonesia and whether by implementing responsible business has reduced the firm’s cost of financing. Examining the sample of KOMPAS 100 firms during the period of 2015-2019, using panel regression, and analyzing the sustainability report disclosure, type of emitting industry, emission count, and environment programs to measure environment activities, the researcher finds a negative and significant relationship between carbon emission intensity and low emitting industries to cost of financing. However, sustainability report disclosure and number of environmental programs are found insignificant. This leads to conclusion that environmental performance is a significant risk factor in valuing cost of financing, but in valuing the environmental programs and sustainability report disclosure, it is required to add more proxies and measurements. Keywords: Cost of Financing; Environmental Performance; Sustainability Report; Green Corporate; Responsible Firms; Sustainable Financ
Gaining Future Competitive Advantage through Corporate Foresight: Role of Local Affiliate Company in Automotive Industry
Get PDFNowadays, competition in the automotive industry is very tight. Carmakers to increase market share, and the challenge is getting more demanding due to rapid environmental change. Based on Porter’s Five Forces, the challenges are high from threats of new entrants, customers, suppliers, product substitutes, and existing rival competitors. To win the future competition, carmakers must have a future competitive advantage. Referring to Ansoff’s framework, the preferable approach is product development since this is effective and lowers risk [5]. In the manufacturing industry, headquarter takes a role in product development. At the same time, local affiliate companies play an essential part in grasping the movement of environmental change since they understand the local market. Corporate foresight is an essential practice to understand environmental dynamics [18]. This study investigates the practice of corporate foresight to deal with the external environment changes in local affiliate companies in the automotive industry. This study employs qualitative study in the form of interviews with key stakeholders in the car manufacturing industry. The study attempt to answer the research question on how corporate foresight influences organizational capability creating the value to build the firm's future competitive advantage. The study provides insight into anticipating changes in the environment in the car manufacturing industry. This is ongoing research; nevertheless, some early findings and observations will be presented. Keywords: corporate foresight, environment dynamics, future competitive advantage, local affiliate company
Capture the Customer Product Attributes Preferences that Influence Purchase Decision of Hand Sanitizer During Covid-19
Get PDFThe use of hand sanitizers in every activity has become a routine habit during the COVID-19 pandemic, which opens up unlimited opportunities for small and medium enterprises (SMEs) by accommodating market demand for hand sanitizers. In Indonesia, many local SMEs have started producing their own brands. This study will explore customer product attribute preferences that influence purchase decisions of hand sanitizer by making new product developments and innovations during COVID-19. Conjoint analysis with the full-profile method was used to process 96 respondent data taken by stratified random sampling technique. There are five attributes used in this analysis, namely hand sanitizer quality, form, features, label, and packaging. The result of all attributes is significant positively towards purchase decision with high predictive accuracy. This finding is expected to be useful for SMEs who want produce hand sanitizer that suitable for market. Keywords: laboratory, industry 4.0laboratory, industry 4.
Outsourcing (Field Checker) Competency Assessment and Improvement Strategy as Substitution for Oil & Gas Company’s Field Operator
No full textPT.XYZ, an Oil and gas company, suffered from oil prices that fell in 2016. To maintain Company sustainability, the strategies is reducing operating cost, such as changing the organizational structure, reducing the number of employees, for job’s position that replaced by outsourcing.FOD, with more than 70% of its employees being Field Operators, lose 30% of its Field Operators. From 2016 to 2020, the Field Operator will decrease 30%, and in the next year there will be 20% of Field Operators retiring. For one year now, FOD has used an outsourcing / business partner to fill the Field Operator position, with the name Field Checker. Over time, the competence of Field Checker did not develop as expected. decreased production and minor accidents occurred.Competency assessment of Field Checker is carried out through a questionnaire. The results of the questionnaire show that 68% of all Field Checkers have not shown the desired competency, Program development will be carried out on Field Checkers is a strategic systems model, using of competency-based rewards and recognition in Field Checker remuneration, evaluation per semester, and the division of groups using the normal distribution method.Keywords: Oil and Gas Company, sustainability, outsourcing, competency, assessment, development
CONNECTING MICRO, SMALL, AND MEDIUM ENTERPRISES BORROWERS WITH LENDERS IN USING OF PEER-TO-PEER LENDING PLATFORM
No full textMicro, Small, and Medium Enterprises (MSMEs) are the backbone of the economy in Indonesia. The Gross Domestic Product (GDP) contribution of MSMEs is not as high as their employment contribution. Therefore, it is important to increase MSMEs productivity. Lack of capital still be the major constraint of MSMEs to develop their business. P2P lending is expected to be the alternative financial solution to overcome their constraint. P2P lending platform needs to connect between the MSMEs as the borrower and the lender. This study will identify the factor that influences the intention of borrower and lender in using P2P lending, using 42 samples of MSMEs as the potential borrower and 75 samples of the potential lender. Partial Least Square (PLS) is used as a statistic method and it is found the one significant factor of borrower and two significant factors of lender in using P2P lending platform. The loan process has a positive influence for borrower to use P2P lending platform. Perceived benefit and alternative payment schemes have positively influenced the lender to use the P2P lending platform. Alternative payment schemes related to free of interest-scheme and using profit-sharing that also contribute to help MSMEs prosper on halal industry. P2P lending helps increasing the financial inclusion, wider target market needs to be accompanied with continuously improvement of credit scoring system to increase the accuracy as well as develop data security for customer protection. The product offered can be adjusted with the borrower and lender characteristic to fulfill their needs.Keywords: MSMEs, Peer-to-Peer Lending Platform, Borrower, Lende
Enhancing Academics’ Creativity Through Psychological Capital and Leadership Support: A Perspective of A Public Institution of Higher Education in Malaysia
No full textOrganizations critically require their employees to be creative. In education context, creative academics set foundation to the innovation of the institution not only in teaching but also in research and commercialization. Being creative entails an ability to produce work that is both novel and useful which is highly imperative in educating future leaders of the nation. This study explores the influence of psychological capital and leadership support on academics’ creativity. Data were collected from 160 academics of a public institution of higher education in Malaysia. Statistical results obtained revealed that self-efficacy, a dimension of psychological capital and leadership support were found to be related to academics’ creativity. Detail of results, implications of study, and future research are discussed. Keywords: Academics Creativity; Psychological Capital, Leadership support, Institutions of higher educatio
Managing Knowledge Transfer in the Drilling and Completion Division at the End of Oilfield Concession (Case Study PT Riau Oil)
Get PDFStudy related to the transition between oilfield operators after concession expiration has shown significant cases where the production declined after the transition and it may happen during Andalas block transition from PT Riau Oil to PT Indo Oil. Some of the causal factors are closely related to the failure of knowledge transfer. There are very limited studies on how to implement knowledge transfer methods during oilfield operator transition, especially in the Drilling and Completion (D&C) department. The D&C knowledge bases, transfer strategy, and implementation plan shall be developed to overcome the problem. The qualitative method is used for this research which is more suitable to describe the knowledge transfer process. The data was taken from the author's own experience, group discussion, and observation. As the result, the crucial D&C knowledge bases have been listed, the specific D&C knowledge transfer strategy and implementation plan for PT Riau Oil side have been constructed from the existing knowledge transfer model. This research can be used as an example and a possible solution to execute specific knowledge transfer during oilfield operator transition. Keywords: Company Transition, Drilling and Completion, End of Concession, Knowledge Transfe