Lines Of Business Research Articles

Qualitative analysis about best practices and project management tools in intralogistics

Project management in automotive manufacturing is crucial due to the dynamism in updating operating models and high investment in the supply chain and logistics. This article presents a systematic literature review of 134 articles (2011-2023) from four relevant databases (IEEE, ScienceDirect, Scopus, Taylor & Francis) with the purpose of exploring the best practices in project management applied in intralogistics activities. Analyzing aspects such as country, management methods and techniques, solution levels in internal logistics projects, business line, among other items. The findings will identify opportunities that contribute to academic indicators and the generation of proposals in the automotive industry in Mexico, focused on the fulfillment of projects and management according to their context.

Evaluation of productivity in a private high school in Villahermosa, Tabasco to perform an improvement proposal

The objective of this work is to perform an evaluation of productivity in a private high school, located in Villahermosa Tabasco. The measurement of productivity will be accomplished by using TIEP technique (Comprehensive Technique of Productivity Evaluation), which considers 10 key elements in any organization, regardless of its line of business. Likewise, this technique covers both internal and external factors of the organization, which is why it is considered a comprehensive technique

Dynamic factor models for claim reserving

This study presents a new approach to claim reserving in the insurance industry using dynamic factor models (DFMs). Traditional methods often struggle to adapt to temporal variations in loss development, a gap that DFMs can effectively address. By employing DFMs on a multivariate time series of loss development factors (LDFs), we offer a more sensitive adaptation and understanding of loss development over time. Our methodology not only facilitates adjustment to trends in loss development but also provides clear explanations for the underlying reasons behind these trends. This aspect is crucial for actuaries, whose responsibilities include offering transparent and understandable reserve estimates. We apply the proposed DFMs to datasets from two different lines of business, demonstrating their ability to capture the temporal evolution of factors influencing loss development. The results indicate that our approach enhances fitting ability and provides deep insights into the dynamics of claim reserving. Furthermore, we assess the uncertainty in the ultimate loss amounts required for risk management to ensure financial stability and compliance with insurance regulatory requirements. This study contributes to the field of actuarial science by highlighting the potential of DFMs in enhancing the accuracy and reliability of claim reserving processes.

A comparative analysis of several multivariate zero-inflated and zero-modified models with applications in insurance

. Given that insurance companies often operate across multiple lines of insurance business, where claim frequencies on different lines are often correlated, it often becomes advantageous to employ multivariate count modeling where dependence between lines of business can be included in the modeling. Due to the operation of bonus-malus systems where there is a reward to the insurance policyholder for not claiming, claims data in automobile insurance often exhibits an excess of common zeros, a characteristic known as multivariate zero-inflation. In this article, we propose two approaches to address this feature. The first approach involves utilizing a multivariate zero-inflated model, where we artificially enhance the probability of common zeros based on standard multivariate count distributions. The second approach applies a multivariate zero-modified model, which separately handles the common zeros and the number of claims incurred in each line given that at least one claim occurs. We present several models under these frameworks, along with detailed inference procedures. In the applications section, we conduct a comprehensive comparative analysis of these models using data from an automobile insurance portfolio.

Operational loss recoveries and the macroeconomic environment: Evidence from the U.S. banking sector

Using supervisory data from large U.S. bank holding companies (BHCs), we document that operational loss recovery rates decrease in macroeconomic downturns. This procyclical relationship varies by business lines and loss event types and is robust to alternative data aggregations, macroeconomic measurement horizons, subperiod partitions and estimation methodologies. Further analysis shows that resource constraints faced by BHC risk management functions is a plausible explanation for these patterns. Our findings offer new evidence on how economic shocks transmit to banking industry losses with implications for risk management and supervision.

Assessing Knowledge Management Readiness to Improve Data Quality by Prevent Incorrect Data Input on ERP System in Component Rebuild Center PT Kalcoal

To fulfil the demand of availability component for supporting the mining operation at PT Kalcoal. Recondition component daily activity of recondition is entanglement from one process to another until the end of process. For transform digitalization, recondition component activity will using Enterprise Resource Planning (ERP) in every process. The purpose of this study is to understand the level of knowledge management readiness in the component rebuild center in the Implementation of the ERP work system, to understand the strengths and areas for improvement for Knowledge Management, and to find tools that can be used to implement Knowledge Management in the component rebuild center. This research using quantitative method, collected through a questionnaire. Furthermore, qualitative data was used to enrich the primary data collected through focus group discussions. By using APO as tools of knowledge management readiness, the results showed that the component rebuild center is still in the expansion phase, where knowledge management efforts are present in the core activity process and the company sees the benefits of knowledge sharing. The component rebuild center can further develop itself by using people as its accelerator. Having committed change groups and leaders will create a culture of knowledge sharing that can be followed by all lines of business in the company. In order for employees to have a single source of knowledge, it is important to create a knowledge management tool that can be done by building a new portal that can be accessed by all employee users. For the source of knowledge to always align the needs and developments of the company, it is necessary to have the ability to grow and store information safely and freely for employees so that information is always updated and well-maintained.

VENDOR MANAGEMENT IN FACTORIES

PROCEDURE FOR SUPPLIER DEVELOPMENT The Vendor Development Process is carried out by the Purchase Department in close consultation with User Three Department 1) R&D 2) Material Testing 3) QA Department. First Step: - VENDOR REGISTRATION • Any vendor i.e., manufacturer/ authorized agents/distributors of the manufacturer /service providers and firms undertaking job works can be registered the Vendor Development Protocol. To register, the vendor should have GST registration (if applicable). The vendor must maintain an office/ shop/ show room registered in its own name, and should have a bank account wherein payments can be sent directly. • Vendors interested in registration shall submit an application furnishing details of their business and product line. On receipt of the application, they will be issued a vendor development questionnaire. The vendor should submit the duly filled questionnaire, along with their credentials, and details of manufacturing capacity, quality control facilities, past performance, after-sales service, financial background etc. • The duly filled development document received is submitted to the VENDOR DEVELOPMENT COMMITTEE. The Committee consists of Head of User Dept., Head of Material Testing/R & D Dept. & Head of Purchase and has the following powers: ○ after examining the documents and based on the Protocol for Vendor Development of that material, it, can advise the Purchase Department to call for samples for evaluation / plant trial of the material, or call for additional details / clarifications, if required. ○ In case the sample confirms to the specification, the Committee can advise Purchase Department to include the vendor in the list of approved vendors/recommend to issue plant trial order. ○ The Committee can also depute an officer for facility audit, if necessary. ○ Based on the facility audit, and plant trial reports, the Committee can advise the Purchase Department to include the vendor in the list of approved vendors. • Registered firms can be removed from the list of approved firms if they continuously fail to abide by the terms and conditions of the tender / contract or fail to supply goods on time or supply sub-standard items /goods or any false declaration made to company. Suppliers not taking part in the Tender / not supplying to HLL for a continuous period of 5 years will be removed from the list of approved suppliers Second Step: - VENDOR RATING PROCEDURE FOR SUPPLIER RATING Supplier rating is done based on the following criteria. 1) Quality of the product/service 2) Cost rating 3) Adherence to delivery schedule QUALITY RATING (QR) Quality rating comprises of two factors. 1) Inspection rating: Based on value of parameters of materials inspected. 2) Performance rating: Based on value of parameters of materials inspected during performance inspection. PRICE RATING This criterion compares the relationship of the price of vendors with the effective price of those materials. PRICE RATING = (Vendor’s effective price- Effective price of material)/ Effective price of material*100 DELIVERY RATING (DR) Delivery Rating of raw materials is calculated by Purchase Department on the basis of contracts entered into by concerned User Departments as mentioned below: • delivery in time as per schedule: Full credit 2 deliveries after the scheduled date: a grace period of 10 days is given if the material has been dispatched within the delivery date, and the party would get full credit for delivery. • if the material is received within 15 days from the date of delivery mentioned in the Order, a score of 25 % will be deducted. • if the material is delivered between the 16th day and 30th day stipulated in the Order, the score will go down by another 25 % i.e. a total deduction of 50 % • this will continue for every fortnight for the next two fortnights. • the total score thus obtained forms the basis for the grading. Frequency of supplier rating: The vendor rating shall be done on annual basis, or as detailed in Quality Management System (QMS) manual.

ALM for insurers with multiple underwriting lines and portfolio constraints: a Lagrangian duality approach

We investigate how an insurance firm can optimally allocate its assets to back up liabilities from multiple non-life business lines. The insurance risks are modeled by a multidimensional jump-diffusion process that accounts for simultaneous claims in different insurance lines with policy limits. We use Lagrangian convex duality techniques to derive optimal investment-underwriting strategies that maximize the expected utility from dividends and final wealth over a finite horizon. We examine how risk aversion, prudence, portfolio constraints, and multivariate insurance risk affect the firm’s earnings retention. We obtain explicit solutions for optimal strategies under constant relative risk aversion preferences. Finally, we illustrate our results with numerical examples and show the impact of co-integration for asset-liability management with multiple sources of insurance risk.

Health care decision-maker perceptions and trends in the utilization of preapproval information for formulary decision-making.

Preapproval information exchange (PIE) has increased between biopharma companies and health care decision-makers (HCDMs) over the last several years. However, there still exists a gap in what HCDMs need and what biopharma companies are providing. To assess trends in the utilization of preapproval information by HCDMs and identify resources that may best support organizations in evaluating product information for formulary coverage prior to US Food and Drug Administration approval. A double-blinded, web-based survey was fielded to a research panel of HCDMs from FormularyDecisions from May 16, 2022, to May 23, 2022. A total of 30 advisors were invited to take the survey and 17 responded to the survey, with representation largely from health plans (41%), pharmacy benefit managers (24%), and integrated delivery networks (12%) across commercial, Medicare, and Medicaid lines of business. Of the respondents, 47% noted that the availability of preapproval information has shortened the time to make a formulary decision. Almost all respondents (90%) ranked the availability of clinical and economic information in a timely manner to evaluate budget impact as a top benefit for PIE. Respondents noted that Academy of Managed Care Pharmacy (AMCP) preapproval dossiers (88%), AMCP PIE webinars (76%), preapproval presentations/videos (65%), and posters and abstracts of clinical trials results (59%) were the main resources used to facilitate PIE. The availability of preapproval information for HCDMs (particularly content related to anticipated place in therapy and product pricing) has an impact on shortening formulary decision-making timelines.

Is There A Conflict Of Interest In Indonesia’s Soe Investment Decision?

In financial management, the Director of State-Owned Enterprises (SOEs) in Indonesia synergizes with the Ministry of SOE to make investment decisions. One of the most common types of investment in SOEs is the purchase of shares in private companies. Through buying shares, SOEs can expand their business lines and project bigger profits. However, it is often found that the decision to purchase private company shares is made by SOEs due to a conflict of interest. This paper aims to determine the level of involvement of conflicts of interest in the decisions of SOEs in Indonesia to invest in the purchase of shares of private companies. Due to data limitations, the authors used a qualitative technique with an explanatory case study to meet the research aims. The analysis tested of 14 Indonesian SOEs' investment decisions when investing in the purchase of shares in private companies during the 2013–2022 period. The findings show allegations of conflicts of interest in several share investment decisions made by SOEs in Indonesia. This conflict of interest can occur because of a family relationship between the Board of Directors of SOEs and the management of private companies. In addition, there is also a political-party relationship between the parties involved. These findings can help several parties, including SOE and the Ministry of SOE, better understand the limits of investment that can be made. In the long run, the Ministry of SOE, as the supervisor of SOEs, can establish an early warning system to determine whether or not the investments made are appropriate. Most of the previous research only examined the effects of a company's investment and its impacts. It explores the company's stock price valuation process. No research has been found that specifically discusses SOE investment in Indonesia in private company shares.

Rule of Law and Tax Compliance Behaviour in Nigeria: Does Tax Morale Matter?

The purpose of this study was to analyse the moderating influence of tax morale on rule of law and tax compliance behaviour of self employed taxpayers in Bayelsa State, Nigeria. The study anchored on social exchange theory and survey research design was adopted with a population of 30, 450 self employed taxpayers. Stratified sampling technique was used to establish the number of trade and artisans self employed individuals grouped into fifteen (15) groups on the basis of line of business. The study was based on nine hundred (900) respondents on an average of sixty (60) participants from the fifteen (15) respondents groups out of which eight hundred and forty-two (842) were used as new respondents due to the number of questionnaires returned. Questionnaire were used as the primary source of data collection after reliability test using Cronbach Alpha and the responses obtained from the respondents were analysed using univariate, bivariate and multivariate analysis. The multiple regression analysis suggested that rule of law positively and significantly affects tax compliance behaviour of self employed taxpayers in Bayelsa State, Nigeria, and tax morale does positively and significantly affects the association between rule of law and tax compliance behaviour of self employed taxpayers in Bayelsa State, Nigeria. On the basis of the research findings, the study concluded that there is moderating function of tax morale on rule of law on tax compliance behaviour of self employed taxpayers in Bayelsa State, Nigeria. The study recommended amongst others that, the relevant tax authority (Bayelsa State Internal Revenue Service) should play a more vigorous responsibility in socializing tax laws and regulations to increase the awareness of taxpayers about the significance of fulfilling tax obligations, which will later be used for provision of social goods and services for the wellbeing of the citizens. Furthermore, understanding the social psychological (demographic) of a taxpayer as its relate to tax morale would help in addressing the issue of the rule of law and tax compliance behaviour in Nigeria, and this would also assist the government to formulate the better tax policies for effective and efficient revenue generation.

THE INFLUENCE OF HUMAN CAPITAL MANAGEMENT PRACTICES ON THE JOB PERFORMANCE OF EMPLOYEES

This study focuses on the operations of human capital management (HCM), which include training and development, hiring and selection, and performance assessment. The research investigates the link between employee performance and the bottom line of the Indian telecom business. An examination of the ways in which the human resource policies and processes in India's telecom business influence employee production is our primary objective. In the research activity that was indicated before, surveys serve as the foundation. Participants in the research include individuals who are employed in the public sector as well as the commercial sector of India's telecommunication infrastructure. In the process of conducting interrogations, the primary objective is to collect data. We were able to make use of descriptive statistics, correlation analysis, and regression analysis by our sample consisted of 272 individuals. Taking everything into consideration, the findings lend credence to the notion that human resource management strategies are significant and essential in influencing employee performance. To achieve this goal, it is possible to combine the process of examining their previous work to establish trust and confidence with training and development programs that aim to expand their knowledge and capabilities. Employees can perform their jobs more effectively when they are able to execute all these tasks, either individually or in combination. There is a substantial correlation between human capital management methods and employee performance as well as the practices themselves.

Peppa Pig: Experience Evolution and User Migration in Multi-industry Creative Consumption

The core IP image of the British animated film Peppa Pig, "Peppa", has seen an all-media explosion and multi-industry IP consumption since 2018, while transforming from a "child Peppa" to a "social person" symbol, becoming a youth subculture phenomenon worthy of attention. By combing through the rewriting or hype of Peppa as a cultural symbol in various media communication, we analyze the experience flow of cultural symbols behind Peppa culture in the communication process, as well as the phenomenon of user migration in multiple industries, and reflect on the creative consumption under the development trend of "new culture and creativity". Using Peppa Pig as a typical case of digital creativity, we propose the logic of user experience construction under two perspectives: product business line and user emotional engagement line. The cultural interpretation of Peppa by different user groups in different industries also inevitably leads to the alienation of Peppa, and Peppa with many different roles is typical. This also demonstrates the trend and crisis of creative IP in the development process: the synergistic evolution of digital creativity in multiple industries and the over-emphasis on experience consumption after the combination of the experience economy and the characteristics of the digital age may lead to creative misconception.

An analysis of the non-financial motivation system of JSB “Almazergienbank” in order to increase the efficiency of personnel work

This article considers the system of non-financial motivation of personnel of Joint-Stock Commercial Bank “Almazergienbank”, a large regional bank by asset size, registered in the territory of the Republic of Sakha (Yakutia). The key business lines are servicing corporate clients, municipal organizations and projects, attracting deposits and lending to individuals and legal entities. The relevance of this topic is due to the fact that in the conditions of fierce competition between organizations it is necessary to find ways to increase the productivity of employees. Improving the incentive system can be one of such ways. The purpose of the study is to determine the involvement of employees in the system of non-material motivation and to develop recommendations for improving the incentive system in the context of increasing the efficiency of work in the context of competition in the banking market. Intangible incentive, being a significant tool, allows to save resources and at the same time increase productivity and satisfaction of employees. The methodological basis of the research was a survey of bank employees, an analysis of the obtained data and the existing system of nonfinancial incentives. It was revealed that the most popular option for assessing the intangible incentive system among the respondents is the indicator “8”, which indicates incomplete satisfaction with the existing system. As a result of the study, recommendations were developed to improve the personnel incentive system in order to increase the efficiency of work in the competitive conditions of the banking market.

Assessment of Climate Change Risk on Insurance Portfolios

Purpose: The general purpose of this study was to investigate the assessment of climate change risk on insurance portfolios.
 Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library.
 Findings: The findings reveal that there exists a contextual and methodological gap relating to climate change risk on insurance portfolios. The assessment of climate change risk on insurance portfolios reveals the significant challenges posed by increasingly frequent and severe climate-related events, impacting insurers' financial stability and policyholders' security. Key conclusions emphasize the imperative for insurers to enhance climate risk modeling, integrate climate considerations into decision-making processes, and foster collaboration with stakeholders to develop effective risk management solutions. Proactive measures are essential to address the systemic nature of climate risks, underscoring the urgency of collective action and innovation to build resilience and sustainability in insurance portfolios and broader society amidst a changing climate.
 Unique Contribution to Theory, Practice and Policy: The Prospect theory, Agency theory and the Resilience theory may be used to anchor future studies relating to climate change risk on insurance portfolios. Insurers are advised to invest in advanced risk modeling, diversify risk exposure across regions and lines of business, integrate climate risk into underwriting and pricing, strengthen regulatory oversight, collaborate with stakeholders, and invest in climate adaptation and mitigation measures. These recommendations aim to improve insurers' ability to quantify and manage climate-related risks effectively, promote sustainability, and contribute to broader resilience-building efforts in the face of climate change.
 Keywords: Climate Change Risk, Insurance Portfolios, Resilience, Risk Modeling, Diversification, Underwriting, Regulatory Oversight, Collaboration

Utilization Of Waste From Vco Production As A Nata De Coco Stater ToIncrease The Income Of The People Of Kwt “Bengke Sakato”.

The service partner of KWT "Bengke Sakato" Sungai Sariak, Padang PariamanRegency, chaired by Ermatius. So far, his line of business is manufacturing VCO with the brand "Amboko" and processing 2000 coconuts every month. With the number of members as many as 25 people, this income is not sufficient. Waste from the VCO manufacturing process has not been utilized such as coconut water, coconut fiber, and coconut shells are still wasted. Whereas coconut water can be made into the starter and Nata de coco, the coir can be made cocopeat and the shell can be made of ceramics or bags that can increase income. This service program aims to empower and improve the community's economy. Namely the community members of KWT "Bengke Sakato". The method of service is that it begins with socialization, then carries out a workshop, after which monitoring and evaluation are carried out, as well as mentoring. This activity can produce starter or nata de coco seeds from pineapple and coconut water, where every 3 liters of coconut water and one pineapple produces 5 starter bottles with a price per bottle of IDR 50,000. In addition, it can also increase the knowledge of partners from 29.3% to 87.3%. It can be concluded that this service activity can increase partner knowledge about the manufacture of nata de coco seeds from coconut water which is a waste of the VCO process. And can improve the partner's economy. Making Nata de coco starter from coconut water can increase family income or empower the community.

Bank diversification and performance: Empirical evidence from Japan

AbstractThis article examines the relationship between bank diversification and performance in the Japanese banking sector. We use panel data from 141 banks over the period 2000–2022 to investigate whether banks can improve profitability and reduce risk through diversification strategies. Our evidence shows that diversification can improve bank profitability at the cost of a decline in net interest margins, suggesting banks are using the interest business as a loss leader to promote other business lines. We find that asset diversification has a risk‐reducing effect, which supports the portfolio hypothesis. Some evidence also implies that there is a more complex nonlinear relationship. This can be partly attributed to bank type, as the diversification effects vary across different types of banks. Furthermore, the decomposition of non‐interest income reveals that fees and commissions negatively influence return on assets while simultaneously reducing bank risk.

Strategi Pengembangan Usaha Pelatihan Hidroponik Di Kota Bogor

Hydroponics is a method of cultivating plants without soil that is popular with Indonesian people. Its spread in Indonesia is supported by information openness via the internet and social media. Internet users reaching 77.2% have created a demand for hydroponic training. The urgency of training services is needed because hydroponic cultivation requires special skills. In the city of Bogor, there are business units that provide hydroponic training with limited face-to-face services which are very vulnerable to schedule limitations and social restriction policies by the government. The aim of this research is to formulate a strategy for developing a hydroponics training business in the city of Bogor. The approach uses qualitative methods with the Business Model Canvas framework to map digitalization adaptation and describe existing business models. Alternative strategies are formulated using SWOT analysis which combines internal strategic issues in the form of strengths and weaknesses with external strategic issues in the form of opportunities and threats. The formulated alternative strategy is implemented into the prototype canvas business model. Customer Response Index analysis is carried out to support SWOT analysis to obtain input based on responses from consumers. The research results found that digital adaptation was limited to business model marketing channels. Strength strategic issues lie in segmentation based on demand, service flexibility, and digital marketing adaptation. The weakness issue is dependence on one product and dependence on business partners. Strategic issues of opportunity are opportunities for product diversification, new partnerships, and conversion of training into digital products. The strategic threat issue is the opportunistic risk of business partners. The formulation of an alternative strategy recommends diversifying service products by adding services that are still in the hydroponics business line.

Asymptotics for ruin probabilities in a bidimensional discrete-time risk model with dependent and consistently varying tailed net losses

Consider an insurer who operates two lines of businesses and hence receives two types of insurance net losses. In the bidimensional discrete-time risk model with a constant interest rate, the net loss vectors from the two business lines form a sequence of independent and identically distributed real-valued random vectors. We propose a bidimensional extended regularly varying structure in terms of survival copulas to model the dependence between the two components of each net loss vector, which includes not only asymptotic independence but also asymptotic dependence. Under the framework of consistent variation, we obtain several (uniformly) asymptotic formulas for various ruin probabilities. In particular, the investigation of random-time ruin probabilities unifies and extends the results on both finite-time and infinite-time ruin probabilities. Some numerical studies are also performed to check the accuracy of our obtained asymptotic results.

“The Vital Link”: British Print Media Export to Australia, 1853–1980

This paper uses the case study of Gordon & Gotch, media import/exporters, to explore how the transnational sale of British media contributed to a common cultural identity within the British World. Gordon & Gotch, founded as a media import firm in Australia in 1853, opened a London branch in 1866 which became independently owned and operated in 1890. This paper argues that the London and Australasian firms of Gordon & Gotch played an important and understudied role in tying Australia to Britain through lines of business that benefitted men in Melbourne and London, creating an “imagined community” of British readers that spanned oceans. The paper also explores how the divergent strategies of the London and Australasian Gordon & Gotches in the wake of the Second World War help us to understand the timeline of Australia’s cultural disentanglement with Britain. As new political economies developed in Britain and Australia, the London firm was forced to pivot to a European or more generally “global” strategy, while the Australian firm refocused its energies to domestic and American media. The consequence for Australian consumers was a reduced presence of British media and a greater preponderance of American, Australian, and locally printed multinational media in Australia. The long history of the British and Antipodean Gordon & Gotches reveals the contingency of British media saturation in Australia and the value of business historical approaches to studying change in cultural markets.