Financial Aspects Research Articles

Company performance analysis based on ISO 9001 compliance using balanced scorecard method in PT. SN Electronics

<p>As business competition intensifies, sustainable growth strategies become imperative. With the projected 2030 demand for food and beverages estimated at $194 billion, the need for coolers and freezers rises accordingly. Despite this, PT. SN Electronics faced a 6% sales revenue decline for coolers and freezers in 2020, contrasting with competitors’ growth. Thus, this analysis assesses the company’s performance, particularly its ISO 9001:2015 certification. Our evaluation uses the balanced scorecard method to analyze both financial and non-financial aspects of the company’s performance. The study also examines ISO 9001:2015 compliance and its impact on overall performance. Primary data gathered through interviews and observations involving top management and employees, analyzed with NVivo 12 Plus software. Results indicate strong non-financial performance but underperformance in financial aspects. Nonetheless, the company maintains robust ISO 9001:2015 compliance, positively influencing overall performance. This research underscores the necessity for top management to address financial issues, including price adjustments, while preserving satisfactory non-financial performance. This pioneering research integrates ISO 9001:2015 compliance with the balanced scorecard method, a novel approach. The findings reaffirm ISO 9001:2015’s significant role in enhancing company performance, aligning with its seven management principles.</p>

Economic violence as a latent form of domestic violence: theoretical and legal aspect

The article reviews the peculiarities of economic violence as a form of domestic violence and identifies its main theoretical and legal characteristics.
 Two characteristics of economic domestic violence are singled out: a significant level of latency compared to other forms of violence and a clear dependence between economic violence and the gender aspect, since it is women who more often, due to the birth and feeding of children, receive a limited opportunity for full labor and educational self-realization.
 It is motivated that economic violence affects women from all socio-economic groups and host countries, but there is no doubt that a special form of vulnerability is manifested for persons with disabilities, the elderly, for persons with a lower level of education and professional experience.
 The latency of the economic form of domestic violence indicates that this type of violence can manifest itself in flaws that often go unnoticed beyond the obvious signs of physical and verbal violence. Stealth arises from the fact that these influences are less overt and difficult to detect from the outside, but they can significantly affect the well-being and emotional state of the victim. It is pointed out that only relatively recently has economic violence been conceptualized as separate from emotional and psychological violence. Manifestations of domestic economic violence are grouped: control over financial decisions (the abuser makes all financial decisions without taking into account the thoughts and needs of the victim, including what to spend money, how and where to invest, and other financial aspects, not allowing the victims to participate in this process); setting limits and cost accounting; manipulation of financial goals (deliberately directing financial resources in directions that are beneficial to the offender, or using them to achieve one’s own goals, without taking into account the needs and wishes of the victim); financial threats to force the victim to remain in the relationship.
 In general, the legal aspect of the economic household is a complex and multifaceted task that requires a systematic approach and cooperation of various subjects. In practice, this means a combination of legal regulation, public awareness and victim support to effectively counter economic domestic violence.

Assessment of Financial Performance of Siti Fatimah Hospital, South Sumatra Province, In The Application of The Regional Public Service Agency (PPK-Blud) Financial Management Pattern

Regional General Hospital (RSUD) is a Government-Owned Hospital tasked with providing health services for the community. The purpose of this study is to measure the financial performance of the Siti Fatimah Regional General Hospital (RSUD) of South Sumatra Province; since 2018, it has become a Regional Public Service Agency (BLUD). Data collection techniques are carried out by interview, observation and documentation methods. The data analysis method uses Financial Ratios and BLU Financial Management Compliance by the Regulation of the Director General of Treasury Number PER-22 / PB / 2020. The results of this study, from 2018 to 2022, when viewed from Financial Ratios, show that several ratios have not received optimal scores. Several indicators have not received an optimal score from the BLU Financial Management Compliance level. When viewed as a whole from the assessment of financial aspect performance, Siti Fatimah Hospital of South Sumatra Province has received a GOOD predicate. However, it has not achieved the most optimal score.

Assessment of Non-Financial and Financial Factors for Pony.ai’s Development

This academic paper provides a comprehensive analysis of Pony.ai, a leading autonomous driving technology company in China. The research delves into both non-financial and financial aspects to assess the company's developmental prospects and its impact on the autonomous driving industry. From a non-financial perspective, the analysis covers five key areas: (1) People: Examining the educational backgrounds and work experiences of Pony.ai's key personnel, emphasizing the importance of a skilled team and leadership. (2) Opportunity: Evaluating market demand, competitive advantages, and growth potential within the autonomous driving industry. (3) Context: Considering the macro environment and industry dynamics, including political, economic, social, technological, and legal factors. (4) Deal: Assessing the impact of investments, partnerships, and collaborations on Pony.ai's growth. (5) Risk: Analyzing various risks faced by the company, including financing, regulatory, legal, and technological risks. The financial analysis section utilizes the Harvard Analysis Framework and DuPont Analysis Method to examine Pony.ai's income, balance sheet, cash flow, and equity statement. The research highlights the company's financial performance, profitability, solvency, and reliance on financing. The study concludes that Pony.ai holds a prominent position in the autonomous driving industry but faces challenges related to valuation, financial sustainability, and evolving regulations. Continuous innovation will be crucial as the company navigates the dynamic autonomous driving landscape. This analysis offers valuable insights into Pony.ai's development and the broader industry dynamics, benefiting policymakers and investors in the autonomous driving sector.

The Role of Competitive Advantage as a Mediator of the Influence of Financial Aspects, Human Capital, and Innovation Capability on the Business Performance of SMEs (Empirical Study of SMEs in Manokwari Regency)

This research aims to analyze the direct and indirect influence of financial aspects, human capital, innovation capabilities and competitive advantage on the performance of MSME businesses in Manokwari Regency. This type of research is quantitative research using Structural Equation Modeling (SEM) analysis with the AMOS program version 25. The research population is all MSMEs in Manokwari district, totaling 1344 people. The sample in this research was 230 MSMEs. Data collection was carried out through distributing questionnaires online and offline. The research results show that the direct relationship between financial aspects, human capital, innovation capability has a positive and significant effect on competitive advantage and business performance. Competitive advantage has a positive and significant effect on business performance. For indirect relationships, financial aspects and human capital have a significant effect on business performance through competitive advantage, while innovation capability does not have a significant effect on business performance through competitive advantage.

Methods for preserving fertility in childhood cancer patients

Each year, more than 400,000 children and adolescents under the age of 18 are diagnosed with cancer. The most common nosologies in childhood are leukemia, lymphoma and brain tumors. The use of chemoradiotherapy as an antitumor treatment in these cases is associated with a high risk of gonadotoxicity. The preservation of fertility in children and adolescents during malignant tumor therapy is one of the key aspects of treatment. To date, there are many unresolved issues in this problem, affecting the preservation of both physical and psychological health of patients in adulthood. The main methods of maintaining the reproductive function in girls are cryopreservation of ovarian tissue or oocytes, ovarian autotransplantation, the use of assisted reproductive technologies, including the techniques of in vitro fertilization and in vitro oocyte maturation, oophoropexy and neoadjuvant cytoprotective pharmacotherapy. The choice of fertility preservation method depends on many factors: the overall condition of the child, the type of malignant disease, the age and sexual status of the patient, the capabilities of the medical center, as well as legal and financial aspects. Due to the lack of information on pediatric oncofertility, large-scale multicenter clinical trials involving children and adolescents are needed.

Biosecurity implementation on large-scale poultry farms in Europe: A qualitative interview study with farmers

Biosecurity is an essential tool for rearing healthy animals. Biosecurity measures (BMs) are well known in poultry production, but it is difficult to assess actual implementation on farms. The aims of this qualitative study were (1) to provide an overview of biosecurity implementation according to poultry farmers in Europe; and (2) to better understand the reported reasons and potential obstacles for not implementing the measures. In seven European Union Member States, 192 farmers (118 under contract with a company and 68 independents) working in seven different categories of poultry production were interviewed on 62 BMs to determine the frequency of implementation and the reasons for non-implementation. Most of the replies (n = 7791) concerning BM implementation were reported by the farmers as “always” implemented (81%), statistically higher for breeders (87%) and layers (82%) and lower for independent farms versus farms under contract with a company (79.5% and 82.5%, respectively). Regardless the poultry production category, the most frequently implemented BMs declared by the farmers were daily surveillance of birds, rodent control and feed storage protection. Standard hygiene practices were also mentioned as high-implementation measures for most production categories, with some deficiencies, such as rendering tank disinfection after each collection and, for meat poultry, disinfection of the feed silo and bacterial control of house cleaning and disinfection between each cycle. The entry of vehicles and individuals onto poultry farms, especially during critical points of eggs collection for breeders and layers, as well as the presence of other animals, such as the “all in/all out” practice, particularly in layers and ducks, were also reported as the least commonly practiced measures. The main reasons for not implementing the measures (n = 1683 replies) were low awareness and poor knowledge of the expected benefits of biosecurity (“no known advantages” 14%, and “not useful” 12%), the lack of training (“not enough training” 5% and “advice” 7%), lack of time (19%), and financial aspects (17%). Despite the good overall biosecurity mentioned by the farmers, these findings highlight certain deficiencies, suggesting room for improvement and the need for targeted and tailored support of poultry farmers in Europe.

Energy system aspect in Brazil

Brazilian energy matrix development has been dominated by hydropower due to the abundant natural relief. Additionally, small hydropower (SHP) is made within the country of difficult access, with the aim of providing energy in this region. On the other hand, there is the growth of alternative energies such as wind, thermal, thermonuclear, solar, and especially bioenergy, biofuels are observed. In turn, social and environmental impacts are studied as to minimize its effects in promoting more sustainable local neighborhood. Legal issues are fundamental to its environmental regulations so as to avoid the environmental impacts generated. This article describes the renewable energy alternatives that do not pollute the environment, and are used in the country, as well as the aspect of investment and financing in the Brazilian energy matrix.

Membrane CO2 Separation System Improvement for Coal-Fired Power Plant Integration

Even though there are numerous CO2 capture technologies (such as chemical and physical absorption), investigators are still trying to come up with novel methods that can minimize the energy requirements for their integration into thermal power plants, as well as the CAPEX and OPEX expenses. In this work, the technical and financial aspects of integrating two-stage polymeric membranes into a coal-fired power plant with a capacity of 330 MW were examined. The study researched the membrane post-combustion CO2 capture process utilizing CHEMCAD version 8.1 software with several parameters and an expander to decrease the total cost. The simulation showed promising results regarding reducing power consumption after using an expander for both a high capture rate (>90%) and a CO2 concentration of more than 95%. Thus, the CO2 captured cost decreased from 58.4 EUR/t (no expander) to 48.7 EUR/t (with expander).

Studi Kelayakan Bisnis Pada Pengembangan Usaha King MuayThai Camp Bandung

Muay Thai is a martial art originating from Thailand called "The Art of Eight Limbs". This research examines whether the development of the King Muay Thai business is feasible from a marketing perspective, whether the development of the King Muay Thai business is feasible from a technical and operational perspective, whether the development of the King Muay Thai business is technically feasible and operationally feasible. feasible from an organizational and management point of view, if the commercial development of King Muay Thai is feasible from a financial point of view. The aim to be achieved in this research is to produce a commercially viable plan through implementation aspects, from the marketing strategy aspect used by King Muaythai Camp, the implementation of operational technical aspects carried out at King Muaythai Camp, organizational structure management. aspects of survival at King Muaythai Camp and business feasibility with a focus on financial aspects at King Muaythai Camp Bandung. This research uses a quantitative method where we conducted direct interviews with the owner of King Muaythai Camp to obtain information on marketing aspects, technical and operational aspects, organizational and management aspects, and financial aspects at King Muaythai Camp.

The Optimal Transportation Option in an Underground Hard Coal Mine: A Multi-Criteria Cost Analysis

The issue of transport in underground hard coal mines is very rarely described in the literature. The financial aspects of this issue are even less often analyzed. Publications in this area focus on technical issues and the safety of mining crews. More attention is paid to transport in open-pit mines. The above premises and practical needs imply the need to conduct economic analyses of transport systems in underground hard coal mines. This paper is a scientific communication, which presents the concept of a multi-criteria cost analysis as a tool to support the selection of the optimal transportation option in an underground hard coal mine. Considerations in this area have not been carried out in the relevant literature, and the problem of selecting a transportation option is a complex and necessary issue in the practice of underground mines with extensive mine workings. The methodology presented includes five cost criteria (costs of carrying out the transportation task; route expansion costs; rolling stock maintenance costs; depreciation costs; and additional personnel costs). The simultaneous application of criteria relating to utility properties in addition to cost criteria makes it possible to adopt a specific technical and organizational model of the transportation system based on the indication of the optimal solution, resulting from the mathematical construction of functions of objectives relating to utility and cost. The optimal variant of the designed system and configuration of the material transportation system in underground workings takes into consideration the following: (1) seven utility criteria (KU1—transportation task completion time; KU2—compatibility of transportation systems; KU3—continuous connectivity; KU4—co-use with other transportation tasks; KU5—safety; KU6—inconvenience; KU7—operation under overplanning conditions) and (2) five cost criteria (KK1—costs of implementing the transportation task; KK2—costs of route expansion; KK3—rolling stock maintenance costs; KK4—depreciation costs; KK5—additional personnel costs). Based on the aforementioned criteria, two objective functions are built for each option: utility and cost. They present divergent goals; therefore, they are non-cooperative functions. Both utility and costs strive for the maximum. In the developed methodology, an ideal point is usually a fictitious solution representing a set of maximum values among all the achievable values in a set of solutions, but it is impossible to achieve this simultaneously based on all the criteria. This point illustrates the maximum utility and lowest cost among the alternatives considered, which is obviously impossible for any of the variants to meet at the same time, although it indicates the possibilities of the technique and the range of costs. For the developed method, a so-called “PND” nadir point is also determined, representing the least-preferred level of achievement of all goals simultaneously, determined from the set of optimal points in the Pareto sense. The originality of the conceptual considerations undertaken stems from: filling the gap in the economic methodology of complex transportation systems evaluation; embedding considerations in the trend concerning complex transportation systems of underground mines; and focusing considerations on the pre-investment phase, making it possible to optimize costs before expenditures are incurred.

The Financial Aspects behind Designing a Wind Turbine Generator

This article investigates the construction of a wind power generator requiring the lowest possible cost. The proposed model is an Axial Flux Permanent Magnet (AFPM) Synchronous Machine, which contains two iron rotors and a coreless stator between them, constructed from resin. The scientific contribution relates to the coupling of economic and technical parameters, which will clarify the feasibility, i.e., a wind turbine construction capable of producing approximately 3.5 KW, using a simple mill and a generator of nominal rotor speed 100 rpm. Such studies are few in international literature and mainly concern low levels of rotor speed in relation to the produced output power. For the generator dimensioning, analytical equations are used, while the type and the dimensions of the magnets are determined, before the start of dimensioning. The authors carried out research in the international market, ending up with specific cost-effective magnets, while trying to adjust the remaining dimensions and materials of the machine based on these cost-effective magnets and the aforementioned nominal values of the generator. The machine, whose dimensions are derived by analytical equations, was simulated and analyzed using the Two-Dimensional Finite Element Method (2D-FEM) and the Three-Dimensional Finite Element Method (3D-FEM), for comparison purposes. Moreover, an economic analysis of the generator and its individual parts was conducted. Finally, a novel idea for reducing the total generator cost is proposed, by replacing the rotor disks with rings. The investigation revealed that analytical equations can predict with satisfactory accuracy the generator’s parameters. In addition, as permanent magnets are the most expensive materials in the construction, their predetermination using low-cost magnets can reduce the construction cost. Finally, the proposed concept of a ring-shaped rotor instead of a disk rotor, provides a cost reduction of up to 20%.

Analysis Analysis of the Financial Feasibility of Producing an Instant Drink Mixed with Siamese Orange Peel Extract and Cinnamon Extract

Instant drinks are now increasingly popular among people. Because its practical use makes it easier for people to consume it. Then, along with the need to maintain health, drinks made from herbal ingredients have also become the people’s choice. One of the herbal ingredients that can be used is Siamese orange peel and cinnamon. The two ingredients are extracted and dried with a spray dryer, and the powder obtained is added with stevia sugar (1:3) and then packaged in 2 grams/sachet. Feasibility analysis is needed to determine whether this instant drink is feasible if used as a production business. From several financial aspects, the Break Event Point (BEP) receipt was IDR 68,480,496, the BEP production volume was 5,707 boxes, and the BEP price was IDR 8,965/box. Then, the eligibility criteria used are Net Present Value (NPV) obtained at IDR 13,049,296 (NPV>0), Internal Rate of Return (IRR) 16.59% (IRR>interest rate), Net Benefit Cost Ratio (Net B/C) 1.23 (Net B/C>1), and Payback Period (PP) 1 year 4 months (PP<age of business).

Financial Aspects of Sustainable Rainwater Management in Small-Scale Urban Housing Communities

Sustainable rainwater management may counteract the effects of climate change and significantly improve the distorted water balance in urbanized catchments. However, despite the hydrologic advantages of rainwater management, acceptance and willingness-to-pay in the local society are required. This paper presents an assessment of the financial aspects, i.e., the cost-efficiency and economic feasibility, of various designs of rainwater management for a small-scale urban housing community in Lublin, Poland. The research was performed for a housing community covering approx. 1.38 ha and five multi-family residential buildings. The proposed designs covered rainwater harvesting systems, supported with extensive green roofs, with rainwater retained in underground or above-ground reservoirs, used with variable demand for watering the green areas and for underground parking lot flushing. For each designed variant, the investment as well as operation and maintenance costs were estimated. The assessment of the cost-efficiency and profitability of the proposed rainwater management systems was based on three indicators: Dynamic Generation Costs, Payback Period and Benefits–Costs Ratio. The performed calculations showed that only two designs, utilizing above-ground rainwater reservoirs, could be assessed as economically profitable. Thus, local communities may be unable to financially sustain investments in sustainable rainwater management, so it seems that financial support is required.

Possibilities of landfills and solid waste sites for energy production in Ukraine

Dynamic changes in the energy sector towards the priority of renewable energy are stimulated by the political decisions in the European integrated environment aimed at achieving climate neutrality within the framework of the European Green Deal. The study aims to provide an in-depth investigation of the potential of landfills and solid waste sites for energy production in Ukraine. The study was conducted using general scientific methods, in particular, analysis and synthesis, abstraction, and comparison. The study examined the issues of developing the bioenergy potential of solid waste sites in Ukraine, including organisational, regulatory, technological, financial and investment aspects. The position of various operations for bioenergy waste processing in the solid waste management system, in particular, anaerobic digestion and solid fuel production, was identified, and an analysis of several thermal waste processing technologies was carried out. Among the features and characteristic requirements for the biogas production process using anaerobic methodology, the aspects of technological availability and economic feasibility are highlighted. The study examines the experience of production and use of organic Refuse Derived Fuel and Solid Recovered Fuel produced from solid waste sites, proving the need to optimise the regulatory support for biogas production at solid waste sites storage sites in the national legislative field. The article emphasises the possibility of practical use of Refuse Derived Fuel and Solid Recovered Fuel, in a partial format, to offset the shortage of fossil fuels in Ukraine and actively implement the concept of a sustainable green course for rational waste management. The results obtained can be used to improve the optimisation of strategic programmes for solid waste management in terms of their bioenergy potential

An Empirical Study on Construction Portfolio with Reference To BSE

It deals with the empirical study of construction portfolios with a focus on the Bombay Stock Exchange (BSE). It outlines a comprehensive research methodology that combines quantitative and qualitative approaches to analyze the performance and risk factors associated with construction portfolios. The quantitative aspect involves the meticulous analysis of financial data from annual reports and stock market records of BSE-listed construction companies, while the qualitative component entails in-depth interviews and surveys with industry experts, policymakers, and investors to gather insights into non- financial aspects influencing construction portfolios. Additionally, the document provides references to studies on optimal portfolio construction using the Sharpe single index model, global equity country allocation, and portfolio performance analysis using various methods. KEYWORD: Bombay Stock Exchange (BSE), Portfolio Optimization, Risk Management, Quantitative Analysis, Qualitative Research, Financial Performance, Market Trends

Analisis Kelayakan Investasi Penambahan Gudang Bahan Baku Garam Beriodium Pada PT. SSD Lamongan

A warehouse is a place used to store finished goods or raw materials and is an important factor so that the production process runs optimally, therefore a company needs adequate facilities and infrastructure. PT. SSD Lamongan experiences limited storage space for raw materials in the form of krosok salt. This company wants to purchase raw materials in large quantities to avoid large increases in raw material prices in the dry, wet, and rainy seasons. However, the current warehouse capacity is insufficient to store these raw materials. So the company plans to build a new warehouse to store raw materials. The construction of this warehouse requires careful consideration and calculations so that it is profitable in the future. Therefore, the aim of this research is to analyze the feasibility of investment by considering market and financial aspects for 10 years, using the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP) methods. Based on the results and calculations carried out by researchers, the Net Present Value (NPV) value obtained with an interest rate of 9.08% was IDR 4,615,037,364.00. The Internal Rate of Return (IRR) is 64.94% (IRR>9.08%) and the investment payback period (PP) will be returned for 1 year and 6 months. From the results obtained, this project is feasible. Keywords: Investment Feasibility, IRR, NPV, PP, Raw Material Warehouse

Pendampingan Pencatatan Laporan Keuangan Pada UMKM

Balikpapan is a supporting city for the Capital of the Archipelago, which must have a notable icon for its progress. It comprises six districts, one of which is Balikpapan Tengah, consisting of six sub-districts: Gunung Sari Ilir, Gunung Sari Ulu, Mekar Sari, Karang Rejo, Sumber Rejo, and Karang Jati. The area is home to 4,575 Micro, Small, and Medium Enterprises (MSME). The objective of financial report recording assistance is to aid MSME in calculating the costs incurred in producing goods or products intended for sale by business operators.The assistance method involves providing training and guidance for entrepreneurs who join the MSME forum in each sub-district. The outcome of this assistance is that business operators can calculate production costs, determine the selling price, and create financial reports, including cash flow and profit and loss statements. This initiative aims to elevate Balikpapan's status by empowering MSME in Balikpapan Tengah to better manage their financial aspects. By enabling entrepreneurs to accurately calculate production costs and set competitive prices, the program contributes to the economic development and sustainability of these businesses. The training and guidance provided through the MSME forum serve as a crucial step towards enhancing the overall economic landscape of Balikpapan

Perception towards Cervical Cancer Insurance Policy: A Study on Women in Barishal City

The purpose of this research paper is to assess the perception of urban women towards having an insurance policy as a precaution against cervical cancer. Data required for the research have been collected from primary data source taking into consideration total 170 female as respondents who have been living in Barishal city with at least 18 years old. Frequency distribution has been used to explain the response of 27 questions comprising demographic and financial aspect of the respondents. Reliability of the survey has been tested by Cronbach's Alpha with satisfied value of more than 0.705. Moreover, a regression analysis has been used for finding out the most significant factors influencing the willingness of purchasing cervical cancer insurance policy in near future covering 7 relevant variables. Overall, it has been found that approximately 23% respondents from the surveyed sample has a history to be encountered with cervical problems like ovarian cyst, uterus infection etc. However, most of them neither had any screening nor have any health insurance policy as a precaution against cancer. Moreover, significant number of participants are willing to purchase a cancer insurance policy if it is with a very reasonable premium.

The Consumer Buying Behavior and Its Relationship to Financial Management of a Purchasing Company

Consumer behavior is crucial for understanding and managing the financial aspects of a company. It involves how consumers make decisions and use products and services. Understanding consumer behavior helps companies understand customer reactions to product features, prices, and marketing strategies. This study assessed consumer buying behavior and its relationship to financial management, revealing that online shopping has a positive effect on a company's financial management. However, consumers still prefer in-store purchases due to a lack of assurance and resources. Therefore, understanding consumer behavior is essential for effective financial management.