1,720,962 research outputs found
Ekspansi Perkebunan Pisang Melalui Modal Ventura Serta Meningkatkan Efisiensi Operasi
Get PDFIndonesia, renowned for its fertile terrain, has great potential for fruit plantation due to its land and market. Bananas, especially the globally favored Cavendish variety, are predominant in both production and consumption. In this dynamic market, PT Sewu Segar Nusantara (Sunpride) stands as the dominant entity, leaving other players, like PT Lampung Banana Agri, with minimal market traction. PT Lampung Banana Agri is one of the players in the industry struggling to compete due to limitation of resources and operational challenges. Over the past five years, the company has encountered negative income, and signaling an urgent need for strategic redirection to maintain operational viability. This research ventures into understanding these challenges, deriving insights from both internal and external vantages. Employing tools like SWOT, VRIO, and financial ratio analysis, the company\u27s intrinsic strengths and weaknesses are spotlighted. At the same time, frameworks like PESTLE and Porter\u27s Five Forces clarify the macroeconomic and market forces at play. Central to this exploration is an analysis of the company\u27s financial statements from 2016-2022, with a caveat: the reliance on public data means certain assumptions might need real-world validation. From these comprehensive analysis, actionable strategies emerge. The TOWS Matrix, an essential analytical tool, bridges internal capabilities with external opportunities, leading to concrete recommendations. A prime proposition is the acceleration of PT Lampung Banana Agri\u27s production and sales, aiming for a swift return to profitability. Capital budgeting methodologies further validate the viability of farm expansion, identifying venture capital as a potential financial ally. It is noteworthy that even with the heftier interest rates inherent to venture capital, the benefits to the company are pronounced. Sensitivity analysis further underscore the pivotal role of product pricing, demonstrating its precedence over interest rate considerations. In essence, this research offers PT Lampung Banana Agri a roadmap, potentially transforming challenges into opportunities within Indonesia\u27s competitive banana market.
Keywords: Cavendish, Net Present Value (NPV), Financial Ratios, Capital Budgetin
Risk Based in Lieu of Time Based Inspection to Improve Cost Effectiveness for Offsahore Platform in Indonesia Oil and Gas Industry
No full textAbstract- This paper addresses to provides an overview of offshore platform inspections in Indonesia that were previously using time-based to be replaced with risk-based inspections. By Indonesian regulation every platform should be inspected at a time based inspection interval. There are three levels of inspection that were determined by the Indonesian authority, namely minor, major, and complete inspections. Before the risk based method was implemented, the scope and the interval of these inspections were determined by the Indonesian authority by using a time-based approach, with a cycle of 1-year, 2-year, and 4-year for the minor, major, and complete inspection respectively. As underwater inspections are very costly, the risk based underwater inspection (RBUI) analysis is performed to obtain the most efficiency way of carrying out the inspections. Risk based inspection use a mix of qualitative and quantitative analyses. A qualitative analysis is used in the consequences of failure (CoF) factor calculation, and a quantitative analysis is used in the probability of failure (PoF) calculation both of them are used to determine the risk of the platform. The decision making strategy are based on the comparison between time based inspection and risk based inspection from the cost of inspection point of views. The net present value was used to compare between time based inspection cost and risk based underwater inspection cost. Based on the analysis, the cost reduction for a platform on average would reduce by half of the amount projected cost of inspection by implementing the risk based underwater inspection. SWOT analysis and SWOT matrix are used to determine what strategic needs to be done by Indonesian government in implementing risk based inspection to any offshore platform in Indonesia. One of the things that need to be done is to make a regulation as the legal basis for implementing the risk based underwater inspection in Indonesia.Keywords: offshore platform, time based inspection, risk based inspection, net present value, SWOT analysis
Project financing evaluation for acquisition of floating storage and offloading facility
No full textAbstract - The weakening of Crude Oil price has increasing the demand of Floating Storage and Offloading facility to store the Crude Oil while waiting the price go back increase. The demand also comes from oil producer company PT. Cahaya Pasifik Internasional (CPI), for the usage of floating storage in Corridor block, Bangka, Indonesia. PT. Bahtera Unggul Lestari (BUL), as one of the Indonesian shipping company would like to participate in the Floating Storage and Offloading. But due to negative Net Income and decreasing Retained Earnings in 2014, it is a challenge for BUL to provide the funding to purchase a Suezmax tanker and convert it to be Floating Storage and Offloading facility. Leasing or Bareboat Charter is not an option since the vessel ownership structure should be majority under Indonesian company and vessel are not allowed the have hardware structural change especially for Floating Storage and Offloading conversion. Another financing alternative is by establishing a Special Purpose Vehicle company under project finance method. Under project finance system, the SPV company will responsible for all project requirement, including sourcing the funding. The SPV company has separate legal incorporation and separate project Financial Statement apart from BUL’s corporate management. As Project Sponsor, BUL can only support with low amount equity due to limited working capital, and hence BUL targeting DSCR only 1.26x from average DSCR 1.5x. Using basic assumption with 43,500/day, it resulting evaluation of 1.01x DSCR. Based on scenario planning, the most optimum condition is when the Project Manager able to reduce the CAPEX to be 53,474/day, with the risk of losing the tender to other more competitive competitor. Keywords: Floating Storage and Offloading, project finance, Debt Service Coverage Ratio, gearing, scenario planning, hire rate, Special Purpose Vehicle, Suezmax, Bareboat Charte
Nari's strategic alignment in entering indonesia power development project
No full textAbstract. This paper explores the marketing issues in order to propose a feasible marketing strategy in promoting NARI’s sustainable market development in Indonesia. In the analyses, SWOT and PESTL are used to identify and analyze the macro and micro environment of NARI’s market opportunity and conducted a comprehensive review on the market environment that may affect NARI’s core business, such that the issues can be clearly identified and recommended solution to resolve the issues can be formulated. The analysis based on the marketing condition of NARI, the marketing model is developed with a systematic mapping tailored to NARI’s brand strategy, product strategy, project strategy, management strategy and development strategy. The strategy analysis and evaluation suggested NARI to conduct a in depth and comprehensive analysis of Indonesia's electricity power market and grab the business opportunities. In current fierce and quick changing market environment, NARI needs to increase its market share by applying the innovative marketing strategy and build strong brand to meet customer expectation.Key word: Marketing, NARI, PESTL, Strategy, SWO
The Effect of Tax Uncertainty, Stock Market Liquidity, Earnings Management on Firm’s Investment
No full textAbstract – Lack of transportation modes in the Papua region causing difficulties for people and entrepreneur in the ordinary course of business. Therefore, it needs the support and participation ofthe government to develop the area. One of these fuel prices are quite high in rural areas of Papua. PT. Pegasus Air Services will participate in the government program for the 'flying tanker' so that the price of fuel can be reduced by 50% and the community in the mountains of Papua can be purchased at an affordable price. Plans for the acquisition of air cargo is one form of program that should be done by the management of PT. Pegasus Air Services in an effort to develop a market along business lines so as to create increased revenue. Management has appointed the manager on duty related to the selection process on which the manufacturer and the type of aircraft is the most effective and efficient. The company has invited representatives of the aircraft manufacturer to be able to submit their proposals. After receiving the documents and all the necessary information, the Managers will further provide advice and recommendations to the management of PT. Pegasus Air Services on which the manufacturer along with the type of aircraft to be acquired and explain why and how the decision been to these manufacturers. Previously, the manager also has set some criteria that will be used to evaluate the plan acquisition of a cargo plane and also perform the weighting of each of these criteria in the decision making process. This final project will explain the process of selecting the cargo aircraft acquisition plans undertaken by PT. Pegasus Air Services. The information contained in this final project will also be usefulfor the parties who have an interest and / or the needs of the decision making process for the procurement of cargo planes in their company.Keywords: Acquisition Plan, PT. Pegasus Air Services, Cessna Caravan, Quest Kodiak, Decision Making Proces
Fair Valuation of a Renewable Energy Company in Indonesia
Get PDFNot only governments like Indonesia, but also many companies are eager to participate in the renewable energy sector to achieve their carbon neutral target due to the rise of environmental awareness. Mergers and acquisitions of the renewable company are opted by many companies to enter this new market. However, the buyer and the seller often experience disagreeable transaction value of the company, especially the value of the renewable company which does not have a long historical track record since renewable business is relatively new. DCF valuation method is applied to find the fair value of Alpha Co., a renewable energy company that could represent the new upcoming attractive market in Indonesia, renewable energy market. This study revealed that the fair value of Alpha Co. is USD 12.47 million with 10.74% and 10.76% of WACC in 2021 and after 2021 respectively. In addition, the sensitivity analysis proves the hypothesis about the significant influence made by the assumptions on which the most sensitive component could result in a 66.88% deviation from the original calculated firm value in this study
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
- …
