Auction Research Articles

The Urgency of Signature Affixation on the Minutes for Persons with Physical Disabilities as Auction Buyers

This research aims to analyze the urgency and mechanisms for affixing signatures on auction minutes, particularly for individuals with physical disabilities or limb impairments (physical disabilities) acting as auction buyerss. In the context of Indonesian law, auction minutes constitute an authentic deed requiring a signature as a legal validity condition that grants it full evidentiary strength. However, individuals with limb impairments who may have physical limitations in affixing conventional signatures face challenges in fulfilling this requirement. Therefore, legal reconstruction is crucial to provide alternative valid signatures for individuals with disabilities, such as fingerprints or electronic signatures. This research employs a normative juridical method, referring to relevant legislation and a conceptual approach to analyze legal principles and justice in fulfilling the rights of persons with disabilities. The findings indicate that affixing signatures on auction minutes for individuals with limb impairments is of high urgency to ensure legal certainty and validity. The regulation of alternative valid signatures will ensure that the rights of persons with disabilities are upheld in the legal auction process. Thus, regulatory changes to provide equal access for persons with disabilities in authentic deed transactions are essential for inclusive legal justice and certainty.

Proteomic profiling identifies classic Hodgkin lymphoma patients at risk of bleomycin pulmonary toxicity

Advances in treating classic Hodgkin lymphoma (cHL) have improved cure rates, with overall survival exceeding 80%, resulting in a growing population of survivors at risk of long-term complications, particularly cardiac and pulmonary toxicity. Bleomycin, a key component of combination chemotherapy, is associated with bleomycin-induced pulmonary toxicity (BPT). Using label-free quantification nano liquid chromatography-tandem mass spectrometry, protein expression in diagnostic lymphoma samples from patients with and without BPT was compared. Results showed differential protein expression and disrupted cellular pathways, suggesting biological differences in BPT risk. Immunohistochemical analysis revealed higher expression of JAK3, BID, and MMP9, and lower expression of CD20, TPD52, and PIK3R4 in patients with BPT. High BID and low CD20 expression were associated with inferior overall survival, while high BID and low JAK3 and CD20 expression were linked to poorer progression-free survival. These findings highlight altered protein profiles in pretreatment cHL biopsies associated with BPT development.

Certainty and Legal Protection for the Purchase of Auction Goods

An auction is a form of creative buying and selling transaction, where one party commits to give up ownership of goods and the other party agrees to pay the agreed price. This research aims to analyze the legal certainty and protection given to buyers of auction goods, as well as to understand how the auction mechanism can protect the rights of buyers from third party claims. This research uses a normative juridical approach, namely assessing and evaluating formal legal regulations relating to auctions. This method is carried out by analyzing positive legal norms and regulations governing the auction process in Indonesia. The results showed that legal protection for auction buyers is guaranteed through provisions in the Auction Regulations which state that goods purchased through auctions are free from third party claims. Auction buyers have absolute rights to the auction goods they buy, which can be defended from the demands of any party. Preventive legal protection is guaranteed by applicable regulations, which provide legal evidence in the form of auction minutes as the basis for the transfer of ownership rights. This is important to reduce legal risks and ensure fairness in auction transactions. Legal certainty for auction buyers is essential to ensure that the goods purchased are protected from third-party claims

Aesthetic Surgery Patient Profiles: Public Hospital Example

Aim: The aim of the study was to reveal the profiles of patients who underwent aesthetic procedures with out-of-pocket payments (public sales tariffs) between 2020 and 2023 at a public hospital in Samsun. Method: This descriptive study included 525 patients who underwent aesthetic surgery with out-of-pocket payments between 2020 and 2023 in a public hospital in Samsun. In the present study, the sociodemographic characteristics of the patients and the aesthetic procedures they underwent were analyzed. Results: In 2020-2023, 49,638 patients were admitted to the Plastic, Reconstructive and Aesthetic Surgery outpatient clinic. Surgical procedures were performed on 4,960 of these patients. Of the patients who underwent surgical procedures, 525 patients underwent invasive aesthetic procedures with out-of-pocket payments out of medical necessity. The mean age of the patients was 32.31±11.87 years, and 83.60% were female. 98% of patients are of Turkish origin. International patients came from Iraq, Azerbaijan and Germany. The most common aesthetic procedures performed were rhinoplasty, breast aesthetics and eyelid aesthetics. All the international patients had breast aesthetics. Conclusion: According to the results of the present study, the majority of those who underwent aesthetic procedures were young women. The most common aesthetic procedures were rhinoplasty and breast surgery. According to these results, it may be recommended that women who undergo plastic surgery be investigated in a larger population.

Determinants for Farmers’ Willingness to Pay for Positively Selected Local Chicks in Eastern and Central Uganda

Despite rising demand, the supply of local chickens is declining, with their market share dropping from 87.7% to 69.9%, while exotic chicken populations have quadrupled from 4.6 million in 2008 to 17.8 million by 2021. To address this, the National Agricultural Research Organization is improving the production and productivity of Local chickens through positive selection of local chickens. This study investigates farmers’ willingness to pay for Positively selected Local Chicks (PLC) in Central and Eastern Uganda. A study involving 305 randomly selected poultry farming households from Central and Eastern Uganda. The study applies a probit model, to analyze the determinants that influence the probability that poultry farmers are willing to pay the market price bid (2700 UGX) for day-old positively selected local chicks. The dependent variable was the probability that poultry farmers are willing to pay the prevailing average market price whereby, they were categorized as 1= willingness to pay 2700 UGX and 0=Not willing to pay. An ordered probit model was used to analyze factors that influence the choice of price to be paid for a day-old positively selected Local chick. The dependent variable was the range of prices poultry farmers are willing to pay for day-old positively selected local chicken. Prices ranged from 1890, 2160, 2430, 2565, 2700, 2835, 2970, 3240, and 3510. They were categorized into; <i>lower bid </i>(less than 2700) market price bid (2700) and high bid (more than 2700 UGX). The study further analyzed the factors that influenced the maximum price that farmers are willing to pay for day-old positively selected local chicken, multiple linear regression was used. The study revealed that 89.84% of farmers were willing to pay the lowest price (1890 UGX) for day-old positively selected local chicks, while only 25.57% were willing to pay the market price of 2700 UGX. Factors influencing willingness to pay include the age of the farmer, household size, total land owned, education level, access to credit, membership in a farmer’s group, phone ownership, distance to the nearest market, and radio ownership. These findings suggest that targeted interventions are needed to enhance the adoption of positively selected local chicks.

Advanced System for Optimizing Electricity Trading and Flow Redirection in Internet of Vehicles Networks Using Flow-DNET and Taylor Social Optimization

The transportation system has a big impact on daily lifestyle and it is essential to energy transition and decarbonization initiatives. Stabilizing the grid and incorporating sustainable energy sources require technologies like the Internet of Energy (IoE) and Internet of Vehicles (IoV). Electric vehicles (EVs) are essential for cutting emissions and reliance on fossil fuels. According to research on flexible charging methods, allowing EVs to trade electricity can maximize travel distances and efficiently reduce traffic. In order to improve grid efficiency and vehicle coordination, this study suggests an ideal method for energy trading in the Internet of Vehicles (IoV) in which EVs bid for electricity and Road Side Units (RSUs) act as buyers. The Taylor Social Optimization Algorithm (TSOA) is employed for this auction process, focusing on energy and pricing to select the best Charging Station (CS). The TSOA integrates the Taylor series and Social Optimization Algorithm (SOA) to facilitate flow redirection post-trading, evaluating each RSU’s redirection factor to identify overloaded or underloaded CSs. The Flow-DNET model determines redirection policies for overloaded CSs. The TSOA + Flow-DNET approach achieved a pricing improvement of 0.816% and a redirection success rate of 0.918, demonstrating its effectiveness in optimizing electricity trading and flow management within the IoV framework.

Zk‐STARKs based scheme for sealed auctions in chains

AbstractOn‐chain sealed auctions represent a novel approach to electronic bidding auctions, wherein the introduction of zero‐knowledge proof technology has significantly enhanced the security of auctions. However, most mainstream on‐chain sealed auction schemes currently employ Bulletproofs to prove auction correctness, which leaves room for optimization in terms of verification time and inherent security. Addressing these issues, an on‐chain sealed auction scheme based on zero‐knowledge succinct non‐interactive argument of knowledge (zk‐STARK) is proposed. This scheme leverages the decentralization and immutability of blockchain and smart contracts to eliminate third‐party involvement while ensuring the security of the auction process. The Inter Planetary File System is utilized to provide a qualification review mechanism for the auctioneer, enabling the screening of unqualified bidders before the auction. Additionally, the scheme employs RSA encryption to conceal bidders' bids, Pedersen commitments to ensure the consistency of bidding information, and zk‐STARKs to verify the correctness of the winning bid. Security analysis and experimental results demonstrate that the proposed scheme meets the required security standards, with time consumption at various stages of the auction being within acceptable limits, and effectively reduces the time required for proof verification.

Performance effectiveness of the Puncak Merapi Horticultural Farmer association as a red chili auction market in the Sleman Production Center Indonesia

Abstract This research aims to gain a better understanding of the Puncak Merapi Horticultural Farmer Association (PPHPM) in Sleman Regency, its member profiles, its auction process, its effectiveness, and the relationship between its effectiveness and its member profiles. A total of 150 farmers made up the sample, gathered using proportional random sampling from each assembly point. Descriptive analysis and research scale were employed as the data analysis model. The analysis unveiled that PPHPM’s members, the farmers, and its profile as an auction market supported red chili auctions. The auctions began with farmers delivering red chilies to the assembly points, followed by weighing, sorting, grading, calculating the net weight, and entering data into the diPanen.id application, traders entering prices into the application, packaging, announcing the winner, payment, and the distribution of auction results. Relationships in the auction market, auction market output, and auction market flexibility were the top indicators of PPHPM’s effectiveness as a red chili auction market in Sleman Regency, placing it in the high category. A solid relationship existed between the member profiles and the effectiveness of PPHPM.

Legal Review of the Granting of Mining Business Licenses to Religious Organizations

The government, through Government Regulation of the Republic of Indonesia Number 25 of 2014 concerning amendments to Government Regulation Number 96 of 2021 concerning the Implementation of Mineral and Coal Mining Business Activities, provides special rights for Religious Organizations to obtain mineral and coal IUPs without having to go through an auction process. This research aims to examine and analyze legal reviews regarding the granting of mining business permits to religious community organizations. The problem formulation in this research consists of: 1). What are the dynamics and problems of granting mining business permits to religious organizations? 2). How is the use of mining business permits in accordance with the principles of justice and equality? The research method used in this research is doctrinal legal research. The results of this research conclude that: 1). The dynamics and problems of granting mining business permits to Religious Organizations are: First, the potential for silencing public supervision. Second, the low level of experience and competence of Religious Organizations in managing mineral and coal mining. Third, the auction process is set aside by eliminating the auction obligation for Religious Mass Organizations in receiving IUPs. 2). Utilization of mining business permits in accordance with the principles of justice and equality consists of: First, the concept of implementing affirmative action for specific IUPs must be given to vulnerable communities. Second, the use of CSR should be an alternative for the Government to provide financial assistance to Religious Organizations rather than providing IUPs which have no rational reason to be handed over to Religious Organizations.

Development of a Website-Based Rubber Tender System for Cooperatives Tanjung Telang Village

The development of technology in today's modern era is progressing very rapidly, where everyone can find various technologies in various fields around human life, one of which is information technology. The existence of information technology can simplify and speed up data processing, information technology that is often used by an agency or organization is information system technology. Tanjung Telang Village Cooperative is a village engaged in processing and selling rubber residents. Currently, the promotional process carried out by the Village Cooperative only uses via telephone, resulting in very limited competition for the sale of rubber residents. The purpose of this research is to build a website-based rubber tender system that is expected to be more efficient and transparent to residents. This research uses descriptive quantitative and uses User Centered Design (UCD) system development. And the results obtained in this research are the creation of an online-based tender system that can be used by the Tanjung Telang Village Cooperative in the auction process to prospective buyers in the South Sumatra region.

An Improved MOEA/D with an Auction-Based Matching Mechanism

Multi-objective optimization problems (MOPs) constitute a vital component in the field of mathematical optimization and operations research. The multi-objective evolutionary algorithm based on decomposition (MOEA/D) decomposes a MOP into a set of single-objective subproblems and approximates the true Pareto front (PF) by optimizing these subproblems in a collaborative manner. However, most existing MOEA/Ds maintain population diversity by limiting the replacement region or scale, which come at the cost of decreasing convergence. To better balance convergence and diversity, we introduce auction theory into algorithm design and propose an auction-based matching (ABM) mechanism to coordinate the replacement procedure in MOEA/D. In the ABM mechanism, each subproblem can be associated with its preferred individual in a competitive manner by simulating the auction process in economic activities. The integration of ABM into MOEA/D forms the proposed MOEA/D-ABM. Furthermore, to make the appropriate distribution of weight vectors, a modified adjustment strategy is utilized to adaptively adjust the weight vectors during the evolution process, where the trigger timing is determined by the convergence activity of the population. Finally, MOEA/D-ABM is compared with six state-of-the-art multi-objective evolutionary algorithms (MOEAs) on some benchmark problems with two to ten objectives. The experimental results show the competitiveness of MOEA/D-ABM in the performance of diversity and convergence. They also demonstrate that the use of the ABM mechanism can greatly improve the convergence rate of the algorithm.

PSIV-4 Effectiveness of maternal bovine appeasing substance on growth, physiological, and behavioral responses of high-risk stocker cattle

Abstract Stocker cattle purchased at auction can be susceptible to disease due to the stressors associated with the auction process. These cattle are labeled “high-risk” due to their decreased immune system during transportation, handling, and vaccination processes. The objective of this study was to determine the efficacy of a maternal bovine appeasing substance, FerAppease, on growth performance and fearfulness of stocker cattle. Male beef calves (n = 80) were purchased at auction and transported to the University of Arkansas Division of Agriculture Savoy Research Complex Beef Stocker Unit. Steers and bulls were of varying age, breed, and temperament. Upon arrival to the facility (d 0), bulls (n = 48) were castrated by banding and cattle were assigned to 8 pens (n = 10 calves/pen; 4 bulls and 6 steers/pen). On d 0, cattle in 4 pens were treated with FerAppease (FA) on the nuchal skin (n = 40) and cattle in the other 4 pens were not treated and served as controls (CON, n = 40). All cattle received commercial clostridial and respiratory vaccines and were treated with an anthelmintic. Cattle were offered bermudagrass hay for ad libitum intake and were fed a grain supplement (1.8 kg/d) to meet or exceed nutrient requirements. To measure growth performance, body weight (BW) was recorded on d 0, 3, 14, 28, 41, 42 of the study and used to calculate average daily gain (ADG). Body weights on d 41 and 42 were averaged to calculate final BW. To measure fearfulness, exit chute velocity (ECV) was measured with a rodeo timer and recorded on d 3, 14, 28, 41, and 42. To measure inflammation, blood was collected from 5 calves/pen (n = 3 bulls and 2 steers/pen) on d 0, 3, 28 and 42 and haptoglobin (Hp) was measured in blood serum. A two-way ANOVA with the fixed effects of sex (arrived as steer or bull) and treatment (FA, CON) and random effect of pen was used for analysis. Serum Hp was log transformed to improve normality. There was not a treatment effect on any of the measures collected. Steers had a greater BW throughout the study (P ≤ 0.05), weighing more than bulls at the end of the study (261 kg vs 241 kg, respectively). Steers also had a greater (P < 0.0001) ADG than bulls (1.14 vs. 0.84 kg/d, respectively). On d 3 and 14, steers exited the chute more rapidly (P < 0.05) than bulls. There was an interactive effect on serum d 28 Hp concentrations (P = 0.04), where CON bulls had greater Hp concentrations (111,261 ng/mL) than CON steers (13,055 ng/mL), with FA steers and bulls intermediate. The results from this study indicate that there was no consistent effect of the treatment on the measures collected.

The Effect of Government Policy on Infrastructure Priorities on the Profitability of Construction Companies in Indonesia 2011-2019

Introduction/Main Objective: The Indonesian government's policy of prioritizing the acceleration in infrastructure development will certainly have an impact on construction companies. Background of the Problem: This research aims to determine the influence of internal and external company factors on the profitability of companies in the building construction subsector. Novelty: This research analyzes the impact of increasing the government's infrastructure budget on the profitability of building construction subsector companies. Research Method: This research uses panel data regression analysis with annual financial report data from building construction subsector companies listed on the Indonesia Stock Exchange for the period from 2011 to 2019, which is divided into the period before the infrastructure sector became the focus of development (2011 to 2014) and after (2015 to 2019). Profitability is measured using the return on assets. The external factors are measured using the infrastructure budget and inflation, while the internal factors are measured using company size, liquidity, leverage, cash turnover, working capital turnover and receivables turnover. Findings/Results: This research concludes that the infrastructure budget, company size, and liquidity do not have a significant positive effect on company profitability, while inflation does not have a significant negative effect on profitability. Furthermore, cash turnover, working capital turnover, and account receivable turnover have a significant positive effect on profitability, while leverage has a significant negative effect on profitability. Conclusion: This research shows that companies should periodically review the impact of loans and always maintain the composition of their funding, according to their needs. Meanwhile, the government needs to evaluate the auction process, and sharpen its alternative infrastructure project funding strategies.

HAK NASABAH PEGADAIAN BILA TERJADI PELELANGAN TERHADAP BARANG JAMINAN

Returns of loan money and capital leases that are not repaid by the specified time limit are carried out through auctions of customer collateral. If by the auction date the pledgor does not carry out his obligations, the collateral will be auctioned by the pledgee. This research aims to find out about the mechanisms and procedures for carrying out auctions for collateral objects. This research is sociological research with a qualitative approach. The data sources used by the author are primary data sources and secondary data sources. The problems that will be discussed in this research are the procedures for carrying out auctions for customer collateral and the obstacles in carrying out auctions. How to protect and overcome obstacles in carrying out auctions for customers' collateral. Auctions of collateral are carried out in 3 stages, namely, auction notification, auction preparation and auction implementation. However, not every auction of collateral can run smoothly, this is due to various obstacles in the implementation of the auction.

Problems in the Implementation of Mortgage Rights Based on Law No. 4 of 1996 Concerning Mortgage Rights

After the enactment of Law No. 4 of 1996 on Mortgage Rights (hereinafter referred to as UUHT), the provisions for the execution of Mortgage Rights are regulated under Article 20 of UUHT, which provides three alternative methods that creditors can use to execute the collateral object of the mortgage in the event of a debtor's default. These methods are: 1) parate executie, 2) execution based on the executorial title contained in the Mortgage Certificate, and 3) sale by private treaty. These steps can be taken if the debtor is in breach of contract. However, in practice, these mechanisms need to be reviewed in greater depth to determine whether they can be implemented, as Article 26 stipulates that 'as long as no regulations are enacted, the execution shall refer to the provisions regarding the execution of hypothec existing at the time of the enactment of this Law.' The term 'regulations to be enacted' should refer to 'Government Regulations' (as implementing regulations of the law), and the 'provisions regarding the execution of hypothec existing at the time of the enactment of this Law' as explained in Article 26 of UUHT refers to Article 224 of the HIR, which stipulates that bodily coercion can only be carried out after being authorized by a court decision. This creates practical problems, leading some to argue that even though the execution of Mortgage Rights is regulated under Article 20 of UUHT, in the absence of 'Government Regulations' (as further implementing regulations concerning the execution of mortgage rights under the Mortgage Law), any public sale (auction) of the object of mortgage rights must still go through the fiat of the Chief Judge of the Court as stipulated in Article 224 of the HIR. On the other hand, some believe that the fiat of the Chief Judge of the Court as stipulated in Article 224 of the HIR is unnecessary, as Article 20 of UUHT already provides for parate executie, which can serve as an alternative in the execution of Mortgage Rights, allowing the creditor to directly apply for auction without a court fiat.

Optimalisasi Manajemen Barang Tenggat Waktu dan Lelang pada Penggadaian Yapusa

Pegadaian Yapusa Bangil is a financial institution that provides pawn services to the public. Along with the development of technology and the demands of operational efficiency, the goods management and auction process at Pegadaian Yapusa is still carried out manually, which has the potential to cause errors, delays, and a lack of transparency. This research aims to design and develop an item management application that can control the entry and exit of goods and set deadlines for goods to be auctioned automatically. This application is designed to improve operational efficiency and reduce potential errors in managing goods at Pegadaian Yapusa. The main features of this app include accurate item recording and automatic notifications for items that are close to the deadline. The research methods used in development include interviews, observations, and literature studies to collect relevant data and information. The results of this study show that the application of goods management can help increase productivity and efficiency in the management of goods at Pegadaian Yapusa. In addition, this application also contributes to the development of theories and concepts in the fields of technology, business, and management. With this application, it is hoped that Pegadaian Yapusa can compete in the current digital era and provide better services to the community

Perbandingan Hukum Lelang Non Eksekusi Sukarela pada E-Market Place Auction antara Indonesia dengan Amerika Serikat

This research aims to compare non-executive voluntary auction laws on e-marketplaces between Indonesia and the United States. In Indonesia, the regulatory framework for non-executive voluntary auctions falls under the jurisdiction of the Ministry of Finance, focusing on transparency, consumer protection, and fairness in the auction process. The study highlights that despite Indonesia's adoption of digital technology to enhance auction accessibility and efficiency, regulations are still evolving to keep pace with technological advancements and market developments. Meanwhile, in the United States, non-executive voluntary auctions are detailed under federal and state laws, emphasizing consumer protection, transaction security, and robust enforcement to prevent harmful business practices. These stringent regulations encompass participant verification, bidding processes, and transaction settlement to ensure fairness and safety for all involved parties. The findings of this research indicate that differences in legal regulations, implementation, and approaches between Indonesia and the United States influence how non-executive voluntary auctions are conducted and governed in both countries. This comparison provides deep insights into the challenges and opportunities in developing legal policies that support digital economic growth in this era of globalization.

Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China

Using a reform to relax the exclusion rate of highest bids in the book-building process as an exogenous shock, we find that IPO underpricing decreases, which indicates that excluding a certain percentage of the highest bids impairs IPO pricing efficiency. Further tests reveal that relaxing the mandate increases investors’ valuation of an IPO, thereby decreasing IPO underpricing. Our results also suggest that the relaxation of the stipulation motivates investors to provide more information, as revealed by fewer anchoring bids and reduced herding behavior, as well as higher opinion divergence and better predictive power for investor bids on post-IPO prices.

IPO Pricing Theory and Mechanism under the Registration System

When a firm makes an initial public offering (IPO) and qualifies for listing, it negotiates and determines a price with its underwriters for the public sale of its shares to specific or non-specific investors. This paper elaborates the theory of IPO price suppression through literature review and analysis, and also summarizes the IPO pricing mechanism. It helps to provide guidelines for the study of IPO pricing in China under the registration system environment and assists the regulators to further improve the relevant regulations.

A two-dimensional calibration for resolving nano-positioner pedestal micro-deformation crosstalk.

This paper proposes a two-dimensional calibration method for resolving the nano-positioner pedestal micro-deformation crosstalk errors during the auction process. This refinement aims to enhance the nano-positioner's accuracy and reduce coupling crosstalk errors. The reaction force exerted by the piezoelectric actuator can cause micro-deformation in the nano-positioner sensor pedestal, causing substantial errors in uncalibrated closed-loop control. This phenomenon has been previously overlooked. According to the two-degree of freedom parallel-symmetric decoupled nano-positioner deformation characteristics, a two-dimensional calibration matrix is proposed to suppress the crosstalk between two axes caused by the micro-deformation of the sensor pedestal. Experimental results show that the calibrated closed-loop system reduces X-axis and Y-axis coupling crosstalk errors to 1/67th and 1/18th of the uncalibrated closed-loop system, respectively, concurrently enhancing the positioning accuracy to 11.8 and 17 times that of the uncalibrated closed-loop system. The calibrated closed-loop feedback control method proposed in this paper proves effective for all compact nano-positioners with pedestal deformation issues. This research provides a crucial reference for the design of nano-positioners, offering insights into enhancing their accuracy and mitigating crosstalk issues.