Asset Utilization Research Articles

Continuous Ship Unloader Availability Analysis Using Association Rules Method with Apriori Algorithm


 Petrokimia Gresik is a company engaged in the argo industry. In an effort to increase productivity, PT. Petrokimia Gresik has a special port used for loading and unloading activities. During loading and unloading activities, special equipment is needed to make it easier to move cargo. Not infrequently this equipment suffers damage that is not known what object affects the damage. Based on the 2021 Asset Utilization Data, internal tools whose availability is still below the target of more than 1% are CSU I and 81.66%. The percentage of equipment availability that is below the target causes the process of unloading raw materials to be not optimal and can cause demurrage costs or company fines to the ship if the cause of the damage is not immediately identified and addressed. This study aims to help companies obtain information about objects that affect CSU I and CSU II experiencing breakdowns. The role of data mining that will be used in this research is association rules with a priori algorithms. Data processing is assisted by Microsoft Excel, RapidMiner software and WEKA software. There are no association rules that are formed with the application of a minimum support value of 50% and a minimum value of 50% confidence, both in CSU I and CSU II data processing. The association rules formed by applying a minimum support value of 20% and a minimum confidence value of 50% for CSU I data processing are 3 rules, while the association rules obtained for CSU II data processing are 2 rules. Based on the rules formed in CSU I and CSU II, the breakdown item that is likely to be damaged is Vertical – Motor 2M1.

Getting to 100%: Six strategies for the challenging last 10%

Meeting the last increment of demand always poses challenges, irrespective of whether the resources used to meet it are carbon free. The challenges primarily stem from the infrequent utilization of assets deployed to meet high demand periods, which require very high revenue during those periods to recover capital costs. Achieving 100% carbon-free electricity obviates the use of traditional fossil-fuel-based generation technologies, by themselves, to serve the last increment of demand—which we refer to as the “last 10%.” Here, we survey strategies for overcoming this last 10% challenge, including extending traditional carbon-free energy sources (e.g., wind and solar, other renewable energy, and nuclear), replacing fossil fuels with carbon-free fuels for combustion (e.g., hydrogen- and biomass-based fuels), developing carbon capture and carbon dioxide removal technologies, and deploying multi-day demand-side resources. We qualitatively compare economic factors associated with the low-utilization condition and discuss unique challenges of each option to inform the complex assessments needed to identify a portfolio that could achieve carbon-free electricity. Although many electricity systems are a long way from requiring these last 10% technologies, research and careful consideration are needed soon for the options to be available when electricity systems approach 90% carbon-free electricity. Meeting the last increment of demand always poses challenges, irrespective of whether the resources used to meet it are carbon free. The challenges primarily stem from the infrequent utilization of assets deployed to meet high demand periods, which require very high revenue during those periods to recover capital costs. Achieving 100% carbon-free electricity obviates the use of traditional fossil-fuel-based generation technologies, by themselves, to serve the last increment of demand—which we refer to as the “last 10%.” Here, we survey strategies for overcoming this last 10% challenge, including extending traditional carbon-free energy sources (e.g., wind and solar, other renewable energy, and nuclear), replacing fossil fuels with carbon-free fuels for combustion (e.g., hydrogen- and biomass-based fuels), developing carbon capture and carbon dioxide removal technologies, and deploying multi-day demand-side resources. We qualitatively compare economic factors associated with the low-utilization condition and discuss unique challenges of each option to inform the complex assessments needed to identify a portfolio that could achieve carbon-free electricity. Although many electricity systems are a long way from requiring these last 10% technologies, research and careful consideration are needed soon for the options to be available when electricity systems approach 90% carbon-free electricity.

Applicable Smart City Strategies for a Smart Sustainable City to Ensure Energy Efficiency and Renewable Energy Integration: Casablanca Case Study

A Smart city is essentially expected to diminish the utilization of assets and upgrade efficiencies. In practically any region, effectiveness brings about energy saving, diminished energy force, supportable monetary turn of events, upgraded usefulness, a safeguarded climate, and in particular, participation with the environmental change fight. In spite of the fact that financial plan, innovation, and the necessary framework are significant imperatives for helpless urban areas to accomplish shrewd and economical city objectives, the advantages of brilliant urban areas are numerous for helpless urban areas contrasted with creating and created urban areas. Helpless urban areas accomplish worked on living conditions, security, wellbeing, financial turn of events, administration, and personal satisfaction as well as accomplishing supportable energy objectives, and this study tries to distinguish those shrewd sustainable power and energy production systems that are monetarily achievable and in fact relevant in helpless urban communities. Renewable energies are a sustainable, unlimited, and decarbonized solution to address future energy challenges. In this context, Morocco has considerable lead vantage to position itself on this promising market. Furthermore, renewable energies have been highlighted as a key strategic source for the country’s green growth. Morocco has adopted the renewable energy path through a strategy targeted at the development of solar, wind, and hydroelectric power to boost its energy policy by adapting it to the challenges posed by today’s world. Nowadays, Morocco is facing a challenge to reach 52% by 2030 of its total renewable energy capacity, which will exceed 42% by the end of 20221

Hostile takeover threats, managerial myopia and asset redeployability

PurposeExploiting two novel measures of takeover vulnerability and asset redeployability, this paper aims to investigate the effect of the takeover market on redeployable assets. Redeployable assets are those with alternative uses. Asset redeployability is a crucial concept in the literature on investment irreversibility.Design/methodology/approachIn addition to the standard regression analysis, the authors execute several robustness checks: propensity score matching, entropy balancing, instrumental-variable analysis and generalized method of moment dynamic panel data analysis.FindingsThe authors’ results reveal that more takeover threats reduce asset redeployability significantly, corroborating the managerial myopia hypothesis. Hostile takeover threats reduce managers’ job security and thus induce them to myopically focus on the current utilization of assets in the short run, rather than how they may be deployed in the long run, resulting in less asset redeployability.Originality/valueTo the best of the authors’ knowledge, this study is the first to investigate the effect of takeover threats on asset redeployability. Because the authors’ measure of takeover vulnerability is principally based on the staggered passage of state legislations, which are plausibly exogenous, the authors’ results likely reflect causality, rather than merely an association.

New Technological Measures of Sustainable Buildings in Triple Bottom-Line Analysis

At present, China is in a period of rapid urbanization, and the concept of green structure is getting more and more attention. Green structures can solve asset utilization and ecological problems brought about by rapid urbanization. Therefore, green structure has become the only way for the development of China’s construction industry. This paper aims to study the feasibility analysis of new green building technology measures. The related concepts of green building, the analytic hierarchy process, and the meaning of life cycle cost are proposed. The main assessment bottom lines include engineering, environmental, social, and economic bottom lines. From the application examples of green building technology in the starting area of Guangzhou International Financial City, it can be seen that, based on the green building technology proposed in this paper, it is necessary to sort out specific technologies and practices suitable for the actual application of the project in a specific project. Then, the applicability and incremental cost of each technology can be analyzed, and finally, a green building technology system suitable for specific project applications is formed. The experimental results show that compared with residential buildings, the increase of public buildings is 338 million yuan, and the increase of nonassigned parts is about 9.84 million yuan.

Pharmacy Performance Based on Financial Perspective Before and During COVID-19 Pandemic : A Case Study

A pharmacy, aside from being a pharmaceutical care provider is also a functioning business. Thus, in the scope of business, pharmacy performance can be analysed using liquidity, activity, and profitability ratios. This study aimed to determine the performance of Pharmacy X based on a financial perspective before and during the COVID-19 pandemic. This research is a descriptive cross-sectional study that employed data obtained from sales and purchase records. The data were analysed using financial ratio analysis methods, including liquidity, activity, and profitability ratios. This study was conducted at Pharmacy X based on the amount of prescription and non-prescription income from before the COVID-19 pandemic (in 2019) and during the pandemic (in 2020). The results showed that Pharmacy X was not good at managing its current assets and current liabilities during the COVID-19 pandemic. Based on the results for the ratios of total asset turnover and fixed asset turnover, asset utilisation was less efficient. Analysis of the probability ratios and net profit margin showed a decrease in Pharmacy X’s profit during the pandemic. The Return on Assets (ROA), Return on Equity (ROE), and Return on Investment (ROI) values indicated that the business was less able to generate profits and net income from its invested capital.

Pengaruh Partisipasi Masyarakat, Profesionalisme, dan Optimalisasi Pengelolaan Aset Desa Terhadap Pendapatan Asli Desa (Studi pada Desa dan Kelurahan di Kecamatan Kota Sumenep)

Efforts to increase Village Original Income are managing village assets professionally, utilizing village assets optimally and requiring community participation support. The fact is that there are still some villages whose asset inventories are less than optimal, thus triggering conflicts over village asset problems in the future. The type of data in this research is quantitative data, the data source of this research is primary data. The sample of this research was conducted in 12 villages, 4 sub-districts. The results of this study indicate that Community Participation and Optimization of Village Asset Utilization have no significant effect on Village Original Income. While the Professionalism of Village Asset Management has a positive effect on Village Original Income. Thus there is only one variable that has a positive and significant effect on Village Original Income.

Penguatan Badan Usaha Milik Desa Melalui Inventarisir dan Pemetaan Aset di Desa Sungai Raya, Kubu Raya

The existence of Village Owned Enterprise (BUMDes) is intended to manage businesses run by communities of a certain villages. The enterprise can be used as a forum for the productive economy of village communities that are tailored to the potential and needs of the village. BUMDes legally is an institutionalized village economy that has a legal entity formed and owned by the Village Government, and is operationally managed independently and professionally with all or most of the capital being separated village assets. Village asset management is a series of activities starting from planning, procurement, utilization, security, maintenance, deletion, transfer, administration, reporting, assessment, coaching, supervision and control of village assets. The purpose of this activity is to improve relations between BUMDes as well as to become a forum for communication between BUMDes managers and administrators. Thus BUMDes are expected to be able to take best practices from other BUMDes’s experiences. The result of this activity is the development of a Website which will be used to help the community know about Sungai Raya Dalam Village Owned Enterprise at a glance to support villagers technologically. This can be as a pilot project for Village Owned Enterprise in Kuburaya Regency.

Does geographical proximity matter in determining the profitability of banks?

Despite the existence of a burgeoning literature on bank profitability, yet, none of them gave due consideration to geographical proximity. I fulfill such a gap by analyzing the effects of COVID-19 on the profitability of top-rated banks. Findings confirm the prevalence of spatial dependence at both the global and sub-global with feedback effects being systematically higher than spillover effects. My study uncovers evidence of a COVID-19 induced decline in asset utilization. Findings advocate sharing economy as a potential tool to banks in combating any future pandemic risk with regionalized approach to supervision being deemed better than its globalized counterpart.

MEMAHAMI FATWA MAJELIS ULAMA INDONESIA TENTANG PEMANFAATAN ZAKAT, INFAK, DAN SHADAQAH UNTUK KORBAN COVID-19 DALAM PENDEKATAN HUKUM ISLAM KONTEMPORER

Economic problems as a result of the Covid-19 pandemic in Indonesia have prompted serious handling by all elements of society, especially the government. Responding to this problem, the Indonesian Ulema Council (MUI) was present through the MUI fatwa No. 23 of 2020 concerning the Utilization of Zakat, Infaq, and Sadaqah Assets to cope with the pandemic and its implications. This study intends to identify the model of the contemporary Islamic legal approach used in the formulation of the fatwa. This literature study uses a philosophical normative approach. The theory that becomes the theory of analysis is the Islamic legal system approach offered by Jasser Auda. This study shows the formulation of the MUI fatwa No.23 of 2020 using an integrative Islamic law approach. This is based on the characteristics contained in the various elements in the formulation of the fatwa. First, the comprehensive and multidimensional character, namely using various textual arguments that are universal ('aam). Second, the character of intent, namely using the arguments of various rules of Islamic law that focus on benefit. Third, the cognitive character, which uses various classical Islamic legal thoughts, but does not become an independent argument, but is combined with other perspectives that are part of the basis for formulating a fatwa.

Digitalization and firm performance: channels and heterogeneities

ABSTRACT In this paper we develop a text-based measure of digitalization using firms’ annual reports with which we examine the effects of digitalization on firm performance using a dataset covering manufacturing and service firms. Our findings show that digitalization increases profitability in manufacturing firms by improving the efficiency of asset utilization to generate sales, yet it has no significant effects on overall profitability in service firms. It is because, on the one hand, digitalization improves asset utilization in these service firms while, on the other hand, cutting into their profits from sales. We also find evidence suggesting that digitalization enhances performance more for firms operating in highly competitive industries, smaller firms and firms with fewer skilled workers. Finally, our main results are robust to the use of instrumental variable estimation, the inclusion of R&D expenses or spatial autocorrelation term as a confounder, the use of mediating model, and the use of alternative fixed effects.

An Analysis of the Performances of Development and Investment Banks Operating in the Turkish Banking Sector for the Period of 2015 - 2020 by Return on Equity Components

Yatırım bankaları ve kalkınma bankaları gelişmekte olan ülkelerde birbirleri ile yakından ilişkilidir. Kalkınma bankaları, menkul kıymet piyasalarının zayıf olduğu ülkelerde yatırım bankacılığının teşvik edilmesinde önemli rol oynamakta ve uzun vadeli krediler vermekte iken yatırım bankaları, yeni menkul kıymetlerin ihracı ile ilgilenmektedir. Bankaların performansının ölçümünde; kar marjı, aktif verimliliği ve özkaynak çarpanı bileşenlerinden oluşan özkaynak karlılığı önemli bir gösterge olmaktadır. Bu çalışmada, Türk Bankacılık Sektöründe faaliyette bulunan Kalkınma ve Yatırım Bankalarının 2015 – 2020 dönemi performansları özkaynak karlılığı bileşenlerine göre incelenmektedir. Çalışma sonucunda; 2015 – 2020 dönemi boyunca kalkınma ve yatırım bankalarının bankacılık sektörü ortalamasına göre daha yüksek aktif karlılığı elde ettiği, ancak bankacılık sektörünün özkaynak çarpanı ortalamasının daha yüksek olduğu görülmektedir.

Views on the Utilization of Non-Halal Assets

AbstractPurpose – This paper aims not to legalize the practice of unlawful muamalah transactions, but the real purpose is what to do if someone has already made unlawful transactions and generates wealth from the practice of unlawful muamalah transactions, what is the solution to repentance in Islam, so as not to repeat muamalah transactions illegal in the future.Methodology - This paper uses a qualitative method in the form of library research. Literature study is a technique of collecting data by examining books, literatures, articles and research reports that have to do with the problem being solved. Thus, this study will limit its activities only to library collection materials without conducting field researchFindings - The conclusion of this paper is that if the illicit assets resulting from transactions that are not mutually pleased and the whereabouts of the transaction partners are known, it must be returned or their consent is requested, while if the whereabouts of the transaction partners are not known, the assets are donated to the poor on behalf of the owner of the goods/money legitimate.Keywords: Non-Halal Assets, Muamalah Haram, Utilization of Non-Halal Assets, Repentance

An Overview of Green Human Resource Management Practices

Abstract: Generous growth in the economy and the extensive utilization of regular assets has become a matter of concern in the advanced world. As a result, Green Human Resource Management (Green HRM) practices has gained importance in research area. This paper discusses the concept of green HRM practices and some of the popular initiatives adopted by the organizations, in general, towards achieving the environmental sustainability. This paper also highlights some of the green HRM initiatives taken by the Taj Group of Hotels, Resorts and Palaces. The required data for this study were collected from various research papers and websites.

Effects of Procurement Regulatory Practices on Performance of Supply Chain Department in Machakos County, Kenya

Machakos government ministries are characterized by increasing expenses, delayed service delivery, delays in the procurement of products, works, and services, low-quality items, corruption, and waste in the supply chain management process. During the 2014/2015 financial year, several Ministries, Departments, and Commissions with funding incurred spending of Ksh 435, 690, 489, of which the value for money could not be determined, resulting in wastages. The majority of the waste happened during the procurement process, according to the Auditor General's Report for the fiscal year 2014/2015. The overall goal of this research was to determine the effect of regulatory procurement procedures on the performance of the supply chain department in Machakos County. The specific objectives were: to determine the effect tendering process, procurement planning, supplier selection procedure, and professionalism on procurement performance in Machakos County. The legitimacy theory, agency theory, Institutional Theory, and transaction cost theory are the major theories underlying this study. A descriptive research-based study was used. This study was conducted in Machakos County. The study's target population comprised 40 administrators from various divisions, 30 directors, and 18 chief county officers, all of whom were recruited from inside the county. Primary data from the respondents was collected via the use of questionnaires in this research. Descriptive statistics were used to analyze quantitative data, which were then displayed in the form of graphs, tables, and charts. The mean, mode, and standard deviation were used to calculate the descriptive statistics. The content analysis method was used to examine qualitative information. Also, the SPSS Software version 24 was used for data analysis. The association between the independent and dependent variables was determined using multiple regression analysis. According to the study results, the tendering process was aided and supported by the Standard Tender Documents from the Public Procurement Officers Association (PPOA). The finding further gathered that proper procurement planning contributes to the success of service delivery. The results also indicated that corruption influences suppliers' selection procedure and management of suppliers. The respondents indicated that the absence of ongoing professional training in the procurement function has a negative impact on procurement performance. According to the study's summary, the researchers came to the conclusion that there was a positive and statistically significant association between tendering processes and the supply chain department in Machakos County. In order to guarantee effective use of the available assets and capacity, the study advises that the County administration, in collaboration with the national government, should work together to ensure proper utilization of the available assets and capacity in the county. As a result, the report recommends that more research be conducted in order to determine the sources of 48.4 percent of the county's financial performance.

Analisis Permasalahan Pengadaan Aset Tetap Tanah Sekolah Luar Biasa di Dinas Pendidikan Provinsi Jawa Barat

This research aims to find out how the school land fixed asset procurement system is currently running by the West Java Provincial Education Office for SLB Centra 2 PK PLK Cimahi City and the problems in it, as well as analyze recommendations for the land fixed asset procurement system so that land fixed assets procurement is immediately carried out. This research method is descriptive qualitative research.. Data collection techniques in this research used triangulation techniques by combining interviews, observations, and document studies. The data analysis technique in this research used the Root Cause Analysis method. The results of this research indicate that this land acquisition system is guided by Government Regulation No. 19 of 2021 concerning the Implementation of Land Procurement for Public Interest. However, the method and process, leadership, and external factors caused delays in the implementation of land acquisition. The recommendation for this problem is that the Principal of SLB Centra 2 PK PLK Cimahi City immediately resubmits the land acquisition proposal to the Regional VII Education Office Branch Office, re-budgets land acquisition in its entirety or in stages, or conducts procurement not by buying such as asset utilization unused local government agencies and transfer ownership of local private schools to public schools, and utilize electronic procurement services in the acquisition of school land.

EKSPLORASI PERTAMBANGAN EMAS TRADISIONAL SECARA ILEGAL DI MENGGAMAT ACEH SELATAN DALAM PERFEKTIF FIQIH MUAMALAH

Illegal mining activities are businesses carried out by mining individuals, groups or companies/foundations with different laws that do not have a permit from the government in operation in accordance with applicable laws and regulations. Utilization of mining goods, the State must supervise every activity carried out by the mining industry, both private and state-owned, so that the exploration they carry out does not cause environmental pollution. This research is to find out how the implementation of illegal traditional gold mining exploration practices in Menggamat and to understand the implementation of gold mining practices in terms of the concept of utilization of State assets. This study uses a type of qualitative research with data collection techniques of observation, interviews, documentation. The data analysis technique used is descriptive qualitative. The results of this study, that the community of gold mining workers use illegal land and already know the risks of illegality. The implementation of gold mining practices in Menggamat can be seen from the overall nature of what is being done, the traditional gold mining business being carried out is an illegal gold mining business that does not have a permit from the government and is against sharia. Apart from that, other things also made it illegal to mine gold because the land where they used to mine gold belonged to companies that could not be owned individually and all management was delegated to the government. According to Muamalah's fiqh, there are three types of contracts, namely syirkah amlak, syirkah mudharabah, and ijarah.

Management of Waqf Properties: A Case Study in Sri Lanka

Waqf is an essential component of the Islamic economic instrument that is firmly considered to be capable of resolving socio-economic issues, primarily in the effort to eradicate poverty caused by a lack of income and work. Based on the analysis of the semi-structured interview, this study seeks to investigate the role of the Waqf Board of Sri Lanka and the challenges and issues arising in managing waqf assets. The review of the literature contributed to constructing its theoretical structure. The findings reveal several shortcomings in the administration of waqf assets, including insufficient skilled human resources, lack of utilization of waqf assets, unawareness of the community on waqf, misuse of the waqf assets, and shortage of transparency and accountability. Hence, the study proposes that the proper management of the waqf assets would be sufficient to meet most if not all the needs of the community to a significant extent. The findings will be beneficial to waqf managers and will help enhance waqf institution administration and management. The findings will be beneficial to waqf managers and will help enhance waqf management.

How Does Efficient Working Capital Management Impact a Firm’s Fundamentals? Evidence from India

This article aims to empirically examine the influence of working capital management (WCM) efficiency on the fundamentals of Indian listed firms. The fixed-effects logit regression model is employed to explore the impact of WCM efficiency on the fundamental strength of the sample firms. The fixed-effects regression model is used to investigate the influence of WCM efficiency on the select individual fundamental measures. We have extracted data from 538 Indian listed firms from the Centre for Monitoring Indian Economy (CMIE) database from 2012 to 2020. We find that WCM efficiency positively influences the fundamental strength of the sample firms. We have also validated our results with respect to individual fundamental measures. We observe that an efficient WCM enhances the overall profitability, operational effectiveness, asset utilization efficiency and the ability to generate cash from operations, while inefficient management of working capital (WC) pushes firms towards a more long-term debt financing in the Indian context.

Recommendations for Land Value of Non-Cash State Capital Participation (PMN) for Optimal Property Development in Plaju Assets, Palembang

Through Presidential Decree No. 117 of 2015, PT Hutama Karya (Persero) received an assignment from the government to build and manage the Trans Sumatra Toll Road concession. This situation has made the company form which was previously a Construction Services company, into a Construction and Toll Road Management company. To provide this project, both cash and non-cash funding are needed. Through Non-Cash PMN, the company gets capital in the form of land to be developed so that it becomes additional working capital for the company to develop the Trans Sumatra Toll Road. In the context of utilizing Non-Cash PMN, it is necessary to analyze the highest & best use of the given land, as well as determine the best form of development that can be carried out on the land. Based on these things, the company seeks to conduct financial analysis and feasibility studies of the non-cash PMN asset utilization project that has been obtained. The process of financial analysis and feasibility studies were carried out using Discounted Cash Flow (DCF) and Capital Budgeting Analysis in determining investment decisions for this project. Based on the results of the analysis and feasibility study, will determine the value of the land in accordance with the needs of PT Hutama Karya (Persero) to the Government, so that the Non-Cash PMN assets can provide added value for the company. Based on the projections, the real estate development scheme gives better results than ready to build area scheme. To achieve the minimum investment requirement of the company, HK will propose a value of Rp 73.775 per m2 and a maximum of Rp 113.500 per m2.