Industrial Business Research Articles

Topological numbers of fuzzy soft graphs and their applications in globalizing the world by mutual trade

In this research draft, by keeping in view, the importance of Zagreb numbers, first we defined some familiar graph families and their degrees in fuzzy soft environment, and then by converting these two novel topological numbers in fuzzy soft framework, their formulae are calculated for these graphical networks. An application of international trade using two kinds of routes is also discussed in the article, and by comparing the results efficiency of both the numbers is compared and analyzed how topological descriptors are useful in examining the progress and profit in the countries, that are a part of the project. Graphs are used in the modeling of links and processes within physical, biological, social, and information systems. A fuzzy graph is the most adaptable tool in mathematics, which describes the fuzzy relationship between objects. Fuzzy graphs are very helpful to give more accuracy to the system as compared to crisp graphs. A classification of the universe with respect to certain specified parameters is known as a soft set. It is a new method for simulating ambiguity and uncertainty. Soft set theory was created by Molodtsov in 1999 as a method for simulating vagueness and uncertainty. Soft set theory is presently used widely in academia to address decision-making issues. The concept of soft graphs is used to provide a parameterized point of view for graphs. In many areas of mathematics and chemistry, as well as in network theory, spectral graph theory, and molecular chemistry, the Zagreb numbers are crucial graph parameters. Due to the importance and significance of Zagreb numbers, in this research article we define these graph parameters in fuzzy soft environment and then derived the fundamental formula for first and second Zagreb numbers of some popular graph families. Also by keeping in view the importance of graph theory in solving decision making problems in business industry, and the most generic behavior of fuzzy soft graph due to its parameterized nature we use our work in application of decision making in trade among different nations.

QR Based Food Ordering System including Sentimental Analysis

Abstract: Ordering food directly has never been easier for the customers. This all-in-one QR Menu solution is for simplifying the food ordering process for customers and streamlining operations for businesses in the food service industry. The system offers the capability to upgrade for online food delivery through various digital channels, including websites and social media platforms, with a backend CRM facilitating the management of special customer requests. The primary target is quick-service restaurants, kiosks, takeout establishments, and food delivery services and the platform eliminates the need for customers to download additional mobile applications. By easily integrating with any POS system and supporting credit card payments, it provides a proper solution for online ordering and payment processing. Also, this platform combines sentiment analysis to understand customer preferences and easily make personalized menu suggestions and ranking of food items. This feature helps in enhancing the overall customer experience by offering specific recommendations based on individual tastes and preferences. Also, the system has user-friendly management tools for QR code generation and customization, ensuring compatibility with a wide range of QR code readers and scanning devices. The in-built QR code generator provides unique QR codes. As a cloudbased solution, it offers scalability and easy management of online menus, and allows businesses to list their offerings on various marketplaces. This system has unique capabilities in providing a seamless and integrated solution for online food ordering, payment processing, and customer engagement in the food service industry.

The Effect of Dividend Policy, Capital Structure, and Exchange Rate on Stock Returns in Industrial Sector Business Entities

The purpose of this study is to examine how Dividend Income, Capital Structure, and Exchange Rate affect Stock Market Performance. The sample consisted of 12 companies trading on the Indonesia Stock Exchange (IDX) selected using the Purposive Sampling method, resulting in 63 observations for each variable. Data from audited financial statements, tax reports, and stock market prices are published by Bursa Indonesia (IDX). Data analysis was performed using regression analysis techniques. The results of this study show that the Exchange Rate, Dividend Payout Ratio (DPR), and Debt to Equity ratio (DER) all have a significant impact on stock prices. Individually, the Exchange Rate and DER have significant effects, with the Exchange Rate having a negative effect and DER having a positive effect, but the DPR having no significant effect. The coefficient of determination shows that 10.8% of the stock price variation can be explained by the three variables studied, while 89.2% can be explained by other factors not included in the study.

ANALYSIS OF THE IMPACT OF THE FLOOD DISASTER ON THE EXISTENCE OF COMMUNITY SOCIO-ECONOMIC LIFE

ANALYSIS OF THE IMPACT OF THE FLOOD DISASTER ON THE EXISTENCE OF COMMUNITY SOCIO-ECONOMIC LIFE

ANALYSIS OF MANAGEMENT STRATEGY IN FACING BUSINESS COMPETITION (CASE STUDY AT PT. TRIPUTRA LESTARI BANDAR LAMPUNG)

By looking at the competition that occurs in the business industry today, in addition to prices, competition also occurs in services. This led to the management of the company PT. Triputra Lestari Bandar Lampung is challenged to strive competitively in the face of competitors. One of them is by analyzing the company's strategy. Strategy is a set of decisions and actions that result in the formulation and implementation of plans designed to achieve company goals. With information services through effective and efficient management able to offer to the market at competitive prices. This study aims to determine the analysis of strategy management in facing business competition and the implementation of its strategy. This research is qualitative research with a descriptive approach. The method used is a case study. While descriptive analysis is used to analyze data because the author of this study analyzed management methods at PT. Triputra Lestari Bandar Lampung in order to face business competition. The result achieved is that the company must contribute to local market research through the development of custom demineralizers, chemical watermen and sterilizer machines to ensure success and success in future business competition. There must be efforts to reduce environmental impact and comply with regulations that can improve the company's image in the eyes of consumers and other interested parties.

The Effectiveness of Professional Certification National Agency’s Competency Certificate in Supporting A Successful Work World

Tight competition for entering work world requires the prospective workers to master or to have certain skill. The recognition of skill includes not only skill mastered and explained to the prospective service users in the interview, but it needs strong evidence issued by an official institution, in this case National Agency for Professional Certification (Indonesian: Badan Nasional Sertifikasi Profesi or BNSP). This research aims to reveal the recognition and appreciation given by employers or industrial business to BNSP’s competency certificate. In addition, it also aims to reveal the experience of certificate holders and the advantage of BNSP’s competency certificate in entering work world. Data mining was carried out using interview, observation, and documentation. Data analysis was conducted using an interactive method. The result of research shows that the employers and the Industrial World recognize and appreciate well the BNSP’s competency certificate. The companies pay substantial attention to the competency certificate the job applicants have and their placements. However, for certain reason, some companies have not considered competency certificate in personnel placement. In addition, the experience the holders of certificate have related to the advantage of BNSP’s competency certificate in entering into work world indicates varying treatments given by the companies. Some companies perceive that it is necessary to consider competency certificate owned in admitting and placing their employees. Meanwhile, some others have not considered it yet. Even they place the employees not according to their specialty, so that they should attend training first before placement

Carbon Footprint of the Food Industry and ESG-Related Business Promotion

The carbon emissions of the food industry account for a significant proportion of the overall carbon emissions. Figuring out the carbon footprint of the food industry is a great way to find out the reason for the large amount of carbon emissions. In this part, the paper selected several variations that may have some influence on carbon emissions and did some intensive studies to figure out which one is the major factor. By analyzing through life cycle assessment and regression by Random Forest, it was figured that fertilizer is the most influential factor in carbon emissions, and focusing more on the usage of compound fertilizer and decreasing the usage of other kinds of fertilizer can effectively reduce the carbon emissions. Then the paper tried to figure out whether the reduction is realistic, and the paper did research in the financial field. The paper did an ESG score ranking of the fertilizer company, cultivated the investment weight in the portfolio, and did a risk rating of them. The research adopted the Grey Forecasting Model and quadratic Optimization Formulation to process data. Through the simple study of the carbon footprint of fertilizers and an analysis of the investment ratio of investors, it is finally found that to economically promote and support the development of carbon-reducing compound fertilizers by business is essential. Besides, it coincides with investors’ interests.

Digital product import and domestic value-added ratio of export: Theory and demonstration

Based on the matching of the database of China Industry Business Performance and China Customs Trade from 2000 to 2013, this paper constructs the digital product import index, and adopts the method of panel data modeling to systematically investigate the impact and mechanism of digital product import on the domestic value-added rate of Chinese enterprises' export from the theoretical and empirical aspects. The research finds that the import of digital products significantly promotes the improvement of the domestic value-added rate of enterprises' export, and the core conclusion is still valid after considering the endogeneity of variables, changing the measurement index and estimation method. The mechanism test finds that the import of digital products improves the domestic value-added rate of enterprises' export through two channels: cost markup and relative price. In addition, the heterogeneity test finds that the import of digital products has a stronger effect on the improvement of the domestic value-added rate of enterprises' export in non-export enterprises, pure general trading enterprises, foreign-funded enterprises, labor-intensive enterprises and enterprises in the eastern region.

Mapping the Distribution of Organic Matter in Coastal Areas of Banyuwangi Regency

The Banyuwangi Regency Coastal Area is experiencing an increase in shrimp aquaculture and industrial business activities, which have the potential to cause environmental impacts. It is important to map the distribution of organic matter in coastal waters to address this problem. The main objective of this research is to map the distribution of organic matter in the waters of Banyuwangi Regency. The research method used is a descriptive. The study employed surveys and direct observation as data collection methods, and spatial analysis as the data analysis method. The results showed the mapping of the distribution of organic matter on the coast of Banyuwangi Regency, with the findings of the organic matter content on the Banyuwangi Coast with the lowest value ranging from 2,528 mg/L-9.00 mg/L located in the BL 2, KB 3, BL 3, and BWI 2 areas. The medium distribution value with a value range of 10.724 mg/L-39.18 mg/L is found in the BWI 1, WS 2, WS 1, WS 3, BWI 1, KB 2, KB 1, MC 2 areas. And the highest organic matter distribution value with a value range of 44.24-53.088 mg/L in the KL 2, KL 1, KL 3, BL 1, MC 1 and MC 3 areas. From the distribution results, a mapping picture of the organic matter content in the Banyuwangi Regency Coast is produced.

Global palates: unraveling digital nomads’ culinary journeys and gastro-tourist profiles

PurposeThis study aims to reveal the food preferences and to define the typology of digital nomads as gastro-tourists. In this context, it is aimed to provide information on issues such as the importance of food culture in destination selection for digital nomads, food prices, local dishes, local food markets, religious restrictions, researching cultural cuisines, preparing meals and participating in gastronomic events.Design/methodology/approachMultiple qualitative methods were utilized in the research for this study. Digital nomads' comments, videos and semi-structured interviews constitute the data sources of the research, and the data obtained were analyzed by content analysis.FindingsAs a result of the study, it was seen that digital nomads do consider gastronomy in their destination selection, and five different gastro-tourist profiles were determined. These are Local Flavor Hunters, Gastronomy Adventurers, Budget-Conscious Food Lovers, Cultural Explorers and Health and Sustainability Focused People.Originality/valueThe theoretical contribution of the study is to provide information with regard to the food and beverage preferences of digital nomads and to contribute to filling a gap in the literature. The practical contribution of the study is to help formulate tourism marketing strategies in the destination and strategies for businesses in the tourism industry. Since digital nomads play important roles in destination promotion, it is important to determine their perspectives and typologies towards gastronomy. The results of the study will be useful for tourism industry components, such as academics, experts, travel businesses, tourism destinations and local food producers who research the tourism industry and travel trends.

Study of the Need for Automation System Integrators from the Perspective of Industrial Business Sector in Digital Era

Study of the Need for Automation System Integrators from the Perspective of Industrial Business Sector in Digital Era

Smart City Development in Eastern Economic Corridor from the Perspective of Industrial Sector

Objectives: This research aims to study the development of smart cities in the Eastern Economic Corridor (EEC) area from the perspective of the industrial business sector and develop a structural equation model. Theoretical framework: The study is based on the 20-year National Strategy, which emphasizes smart city development as an approach to distribute economic, social, and technological prosperity, particularly in areas of economic importance to the country, such as the EEC. Methods: The research was conducted using both qualitative and quantitative methods. Quantitative data was collected from questionnaires administered to 500 executives in the target industrial businesses of the EEC, employing descriptive statistics, inferential statistics, and multivariate statistics. Results and Conclusion: The research findings reveal that the development priorities are ranked into four components: 1) Enterprise Management (= 4.34), 2) Community Operation (= 4.33), 3) Public Administration (= 4.32), and 4) City Regulation (= 4.26). The hypothesis testing results show that existing high-potential industrial businesses (First S-Curve) and future industrial businesses (New S-Curve) place significantly different importance on the development of smart cities in the EEC area at a statistical significance level of 0.05. The developed structural equation model meets the assessment criteria and is consistent with the empirical data. Implications of the research: The findings of this study can inform policymakers and stakeholders in the EEC area about the key components and priorities for smart city development from the perspective of the industrial business sector. The structural equation model can serve as a framework for guiding smart city development efforts in the region. Originality/value: This research contributes to the understanding of smart city development in the context of the EEC area in Thailand, focusing on the perspective of the industrial business sector. The developed structural equation model provides a novel approach to analyzing the relationships between various components of smart city development in the region.

Digital Twin Meets Knowledge Graph for Intelligent Manufacturing Processes.

In the highly competitive field of material manufacturing, stakeholders strive for the increased quality of the end products, reduced cost of operation, and the timely completion of their business processes. Digital twin (DT) technologies are considered major enablers that can be deployed to assist the development and effective provision of manufacturing processes. Additionally, knowledge graphs (KG) have emerged as efficient tools in the industrial domain and are able to efficiently represent data from various disciplines in a structured manner while also supporting advanced analytics. This paper proposes a solution that integrates a KG and DTs. Through this synergy, we aimed to develop highly autonomous and flexible DTs that utilize the semantic knowledge stored in the KG to better support advanced functionalities. The developed KG stores information about materials and their properties and details about the processes in which they are involved, following a flexible schema that is not domain specific. The DT comprises smaller Virtual Objects (VOs), each one acting as an abstraction of a single step of the Industrial Business Process (IBP), providing the necessary functionalities that simulate the corresponding real-world process. By executing appropriate queries to the KG, the DT can orchestrate the operation of the VOs and their physical counterparts and configure their parameters accordingly, in this way increasing its self-awareness. In this article, the architecture of such a solution is presented and its application in a real laser glass bending process is showcased.

Building a knowledge graph to enrich ChatGPT responses in manufacturing service discovery

Sourcing and identification of new manufacturing partners is crucial for manufacturing system integrators to enhance agility and reduce risk through supply chain diversification in the global economy. The advent of advanced large language models has captured significant interest, due to their ability to generate comprehensive and articulate responses across a wide range of knowledge domains. However, the system often falls short in accuracy and completeness when responding to domain-specific inquiries, particularly in areas like manufacturing service discovery. This research explores the potential of leveraging Knowledge Graphs in conjunction with ChatGPT to streamline the process for prospective clients in identifying small manufacturing enterprises. In this study, we propose a method that integrates bottom-up ontology with advanced machine learning models to develop a Manufacturing Service Knowledge Graph from an array of structured and unstructured data sources, including the digital footprints of small-scale manufacturers throughout North America. The Knowledge Graph and the learned graph embedding vectors are leveraged to tackle intricate queries within the digital supply chain network, responding with enhanced reliability and greater interpretability. The approach highlighted is scalable to millions of entities that can be distributed to form a global Manufacturing Service Knowledge Network Graph that can potentially interconnect multiple types of Knowledge Graphs that span industry sectors, geopolitical boundaries, and business domains. The dataset developed for this study, now publicly accessible, encompasses more than 13,000 manufacturers’ weblinks, manufacturing services, certifications, and location entity types.

Kebijakan Pemerintah dalam Pemberdayaan Industri Rumah Tangga (Pisang Sale) Untuk Meningkatkan Kesejahteraan Keluarga” (Studi di Kecamatan Langkahan, Kabupaten Aceh Utara)

The focus of this research is on "Government Policy in Empowering Home Industries to Improve Family Welfare" taking the research location in Tanggaan District, North Aceh Regency. The aim of this research is to describe government policy in empowering home industries (banana sales) and its obstacles in improving family welfare. The type of research used is a descriptive qualitative approach using techniques to obtain data through interviews, observation and documentation. Data analysis techniques are carried out through data collection, data reduction, data presentation and drawing conclusions (verification). The informants used were 11 people who were determined purposively, consisting of the sub-district head, community leaders, gampong geuchik and home industry business managers in Tanggaan District. The research results show that government policy in empowering home industries (banana sales) is realized through actions to provide awareness, provide intellectual capacity (human resources) such as abilities, knowledge, skills, facilitation of business capital. The problem is that 21 home industries in Stepan District generate an average income of IDR 5,000,000 to IDR 7,000,000 per month. However, they have not been able to develop their business optimally and continuously, because the government has never carried out empowerment. The conclusion is that government policy in empowering home industry is realized through actions to provide awareness, provide intellectual capacity (human resources) such as knowledge, know-how and skills, facilitate business capital. This policy has not been realized effectively, because there are still various obstacles such as low individual awareness, minimal human resources such as ability, knowledge and skills, limited working capital, minimal marketing activities and limited raw materials. It is recommended that the government take empowerment actions for home industry businesses, so that they can increase family income, improve human resources, facilitate access to capital, and expand marketing activities.
 
 Keywords: "Policy, Government, and Home Industry"

Revealing the Path to a Green Economy: Insights and Recommendations for Sustainable Development in Malaysia

This study proposes a green economy framework leading to Malaysia's green economy roadmap and raising society's sustainability awareness. The framework has catered actionable insight into promoting a green economy to industrial sectors by integrating Environmental, social, and corporate governance (ESG) and Sustainable Development (SD) principles to improve Malaysia's achievement of Sustainable Development Goals (SDGs). This paper has critically analyzeda systematic review from 2209 journal articles indexed from two prominent databases, Scopus, and Web of Science. The data were analyzed using visualizing bibliometric networks and a computer-assisted qualitative method. The thematic pattern result was verified and strengthened using in-depth interviews with industrial business leaders. The result shows that establishing a green economy framework should align with a clear regulatory policy and incentives. This study provided a unique combination of proposing a green economy framework employing advanced analysis techniques and providing specific recommendations for the Malaysian context. Adopting the green economy framework led by integrated ESG, SD, and SDGs would lead to Malaysia's Shared Prosperity Vision 2030. The public listed companies should step ahead in adopting green economy frameworks.

Moderating Effect of Industry Forces on Entrepreneurial Orientation of Small Hotels Business Performance in Ghana

The study examined the moderating effect of industry forces on entrepreneurial orientation to impact on business performance of small-size hotels. A quantitative research approach and a questionnaire survey technique were used to collect the data from 396 small-size hotels. The conceptual model was analyzed through a partial least square using structural equation modelling. It was observed that the direct path relationship of industry forces and business performance was all positive and significant. The study introduced some novelty aspects such as the substitution of construct using industry forces as moderation in the theoretical framework to enhance entrepreneurial orientation to impact on business performance. The study recommends that small hotels strategically position themselves to improve their business performance amid industry forces.

Current Trends in the Use of VR Technologies in the Business Industry

Relevance. Digital transformation of the Russian economy in the current conditions of globalization and the emergence of new information technologies is becoming an objective necessity. One of the most important aspects of digital transformation is the mechanisms of development based on virtual reality. Virtual technologies are now a multifaceted concept, implying the use of methods not only for the purposes of the gaming industry, but also in the business environment. In business practice, virtual reality has become increasingly attractive in recent years and occupies a leading position, due to the extensive range of applications of VR tools. This study examines current trends and opportunities for the introduction of VR technologies into the company's activities.The purpose of the research is to reveal the concept of virtual reality and the possibilities of its application in the business industry.Objectives: to reveal the content of the interpretation of "Virtual Reality", to give types of virtual reality, to collect and demonstrate statistical data on the results of the introduction of virtual reality technology into the company's activities, to study the practice of using VR not only Russian companies, but also foreign ones, to characterize the history of the development of virtual reality.Methodology. The research methodology includes empirical and analytical methods, statistical analysis is also used, revealing the features of the introduction of virtual reality in the field of entrepreneurship.Results. The question of the role of virtual reality technology, its impact on modern companies and the economy is analyzed. The paper identifies the main trends and directions of the use of VR, according to the dynamics of the development of companies. The information is confirmed by the example of the positive experience of companies.Conclusions. The results of the study showed that virtual technologies have a complex impact: on employees, providing opportunities for training skills and knowledge; on products, reducing resources for their manufacture and improving quality; on consumers, having a profound impact on consciousness, through the ability to interact with the purchased goods. Thus, production processes are improved, which in general has a positive impact on all structural divisions of the business.

(WITHDRAWAL) THE IMPACT OF AI ON EMPLOYMENT AND ORGANISATION IN THE INDUSTRIAL WORKING ENVIRONMENT OF THE FUTURE

(Withdrawal) The publisher made the decision to withdraw the article after discovering that it is a copy of another source and that the document missing the necessary citations.

Developing soft skills in the business classrooms of industrial engineering students in Brazil

PurposeIn today’s highly competitive global business environment, there is a growing demand for professionals who possess well-developed soft skills. Such abilities include flexibility, effective communication and other skills. Soft skills are personal attributes and qualities that are more closely related to the emotional side of human beings. Individuals must cultivate and hone soft skills during their undergraduate studies. These skills, also known as interpersonal or non-technical skills, are essential to complement hard skills and pave the way for a thriving career trajectory. Soft skills are developed over the course of one’s career and are indispensable in establishing a strong, professional presence in the corporate or academic realm. The field of engineering is no exception in this regard, and the business approach during the engineering course is of significant relevance. By acquiring soft skills, engineering graduates will become competitive and adaptable professionals capable of handling the current and future challenges of the job market. The purpose of this study is to investigate the soft skills that students perceive as being better developed during their business classrooms in the engineering course and identify areas for improvement in the business education process.Design/methodology/approachThe research method consisted in four different phases from variables identification to statistical analyses. Then, as part of this approach a structured questionnaire was administered at the end of the engineering course, where students rated their perception of the degree of development of each of the soft skills covered in the course on a scale of zero to ten. The collected data were analysed using multivariate analysis techniques, including factorial analysis.FindingsThe results of the study demonstrate that the set of skills acquired by individuals in business classrooms pursuing a degree in industrial engineering is in high demand by potential employers. Such skills are deemed essential for the successful operation of businesses in modern-day industries. The findings of this research validate the significant role that industrial engineering students play in fulfilling the requirements of the job market and pave the way to meaningful insights on how to approach this topic during the business education process in engineering courses.Practical implicationsThe findings bring about significant insights for national educational councils and ministries, universities and educational stakeholders in the process of updating, rethinking and implementing new curricula criteria in higher education, particularly in the Latin American context.Originality/valueThis paper enriches the literature by assessing the development of soft skills of engineering students in the Latin American context. The research reinforces the importance of developing soft skills aligned with those required for the context of current and future labour markets.