Asset Management Research Articles

Innovative Microgrid Services and Applications in Electric Grids: Enhancing Energy Management and Grid Integration

Currently, microgrids are a reliable solution for integrating distributed energy resources and managing demand on electricity grids, serving as a pathway towards a responsible energy transition. However, the evolving needs of the sector require specialized approaches to enhance grid flexibility and support the increasing penetration of renewable energy sources and their rising demand. This article explores and characterizes various advanced and innovative services offered by microgrids to improve the resilience, security, and reliability of electricity grids. It analyzes technical advances and novel control methodologies that demonstrate the potential for microgrids beyond mere energy provision. These include ancillary services, services aligned with demand response programs, and advanced asset management and energy resource optimization services. A global case study is conducted to provide a framework for the services that microgrids can provide. The case study validates the efficiency and reliability of electric grids with microgrids and addresses challenges related to their stability and resilience. This research provides a comprehensive perspective on the benefits of implementing microgrids and proposes new guidelines for the deployment of these systems in both urban and rural areas within the framework of energy communities in the Colombian electricity system, emphasizing the need for collaboration among stakeholders to ensure sustainable energy solutions.

ANALYSIS OF THE DEGREE OF FISCAL DECENTRALISATION, INDEPENDENCE, REVENUE EFFECTIVENESS, AND FINANCIAL EFFICIENCY IN MEASURING FINANCIAL PERFORMANCE

This research aims to analyze the factors causing the Degree of Fiscal Decentralization Ratio to remain at an adequate level, the Independence Ratio to be relatively high, the Regional Budget Revenue Effectiveness Ratio to be high, and the Regional Financial Efficiency Ratio to also be high. Additionally, the study seeks to improve the financial performance of the Riau Islands Provincial Government based on these ratios. This field research uses a quantitative descriptive approach, collecting data from the Riau Islands Provincial Financial and Asset Management Agency’s Budget Realization Report with a saturated sampling technique. The results show that the Degree of Decentralization Ratio remains within sufficient criteria, the Independence Ratio is at a medium level, the Regional Budget Revenue Effectiveness Ratio is already very effective, while the Regional Financial Efficiency Ratio is inefficient. To improve financial performance concerning the Independence Ratio, it is recommended to provide public education on natural resource management. For the Decentralization Ratio, efforts are needed to develop trade and manufacturing sectors and optimize existing Regional Budget Revenues. To enhance the Effectiveness Ratio, it is important to continue optimizing regional income utilization, and for the Efficiency Ratio, preparing regional workers according to their fields is essential to reduce the relatively high regional expenditures.

Credit Risk Management Practices and Asset Quality of Deposit Taking Savings and Credit Co-operative Societies in Kenya

Despite the key role DT-SACCOs play towards the growth of Kenyan economy, there is reported increasing occurrence of unsustainable levels of NPLs among these financial institutions. The increasing occurrence of NPLs are significantly obstructing asset quality; highly threatening their survival. This study closed this gap by assessing; risk identification, risk measurement, risk monitoring, and risk governance.as determinants of Kenya DT-SACCOs. The study used descriptive research design with the credit managers of Kenya's 176 licensed DT-SACCOs as the target population. The study employed census because the sample size was modest, easily accessible, and controllable. The data for the study was gathered from primary sources utilizing questionnaire. To create descriptive statistics for the study, the data was analyzed using quantitative analysis. Inferential statistics was then used to obtain a model. The study found that, at 5% significance level, risk identification has positive significant effect on asset quality of DT-SACCOS in Kenya in Kenya (p=0.015; β= 0.337; r= 0.394). risk measurement has a statistically significant and positive effect on asset quality of DT-SACCOS in Kenya (p=0.023; β=0.212; r= 0.358), risk monitoring has positive significant effect on asset quality of DT-SACCOS in Kenya (p= 0.049; β= 0.182; r= 0467) and risk governance positively and significantly affects asset quality of DT-SACCOS in Kenya (p= 0.034; β= 0.236; r= 0.470). The study recommends that the DT-SACCOS in Kenya should; enhance their risk identification policies by ensuring that their procedure authenticity of business proposal and business plan are effective to bale to identify credit risks and net worth of the borrowers, enhance their risk measurement procedure to ensure that there is thorough analysis and appraisal of the borrower before approving loan. enhance their risk monitoring polices and procedures to ensure approval authorities are well specified and empowered, and ensure their risk governance guidelines correctly address credit procedures and policies on review and recommendations and clearly spell out the requirements concerning checks on collateral of the borrower during credit review.

Role of Report Analysis on Asset Management and Policy Evaluation: A Case Study of Bank of Kigali (2017-2023)

Role of Report Analysis on Asset Management and Policy Evaluation: A Case Study of Bank of Kigali (2017-2023)

Carbon option pricing and carbon management under uncertain finance theory

Against the backdrop of increasingly severe global climate change issues, more and more countries and regions are adopting carbon emission trading, which is an effective market mechanism. As an important component of the carbon market, American carbon options provide more flexible trading tools to help companies avoid price risks. Therefore, the pricing research of American carbon options is of great significance for promoting the healthy development of the carbon market. Nonetheless, existing pricing methods are all based on probability theory, which need to satisfy the premise that the distribution function is close to the true frequency sufficiently. However, usually such premise is ill-suited in carbon market. To alleviate the predicament of the need for satisfying probability theory’s premise, this work investigates American carbon option pricing under the framework of uncertainty theory, which is another axiomatic mathematical system. For this purpose, uncertain differential equation is adopted to model the price of carbon future, and pricing formulae for American call and put carbon options are derived based on this model. Real data analyses illustrate the proposed method in details. Furthermore, it provides a detailed schema of applying the American carbon option for carbon asset management, which can optimize risk control for carbon consuming enterprises.

Strategi Pengelolaan Aset dan Sarana Prasarana untuk Mewujudkan Sekolah Ramah Anak Berbasis Pendidikan Islam

Sekolah Ramah Anak (Child-friendly schools) place students as living subjects, so that the education process takes place in safe, clean and healthy conditions, with the guarantee that children's rights are respected and they are protected from violence. Setting up a child-friendly school requires adequate facilities and infrastructure. Educational facilities and infrastructure are school assets that must be well organized and managed to support quality education in schools. A school asset and infrastructure management strategy is needed. The purpose of this study is to explain the asset and infrastructure management strategies for the implementation of Islamic education-based child-friendly schools. This research uses qualitative research methods, namely documentary studies or literature studies conducted by reading and analyzing documentary sources in the form of journals, articles, and other documents related to the problem. Based on the research conducted, it is concluded that asset and infrastructure management strategies to realize child-friendly schools based on Islamic education include the application of sustainability principles in asset and infrastructure management, collaboration between stakeholders for effective management, and the use of technology and innovation in asset and infrastructure management.

Optimalisasi Proses Bisnis Menggunakan Metode Business Process Analysis (BPA) pada PT. XYZ

PT XYZ is one of the strategic industries owned by BUMN that produces the main defense equipment for Indonesia's defense system, especially in the maritime sector. In practice, the process of utilizing and managing assets at PT XYZ is in the Asset & Infrastructure Optimization Department which has various operational steps for asset management starting from the asset mapping process to utilizing these assets. This research aims to analyze and optimize business processes in asset management in the Asset & Infrastructure Optimization Department. The research method used is observation and interviews with related parties as well as Business Process Modeling and Notation analysis. The purpose and objective is to provide recommendations in optimizing business processes and increasing efficiency in managing company assets. One of the problems identified was the slow signing and return of agreement letters which caused delays in issuing invoices and payments. Recommendations included creating standard operating procedures, implementing electronic-based contracts and invoices, and utilizing technology for document delivery and storage. Overall, this research aims to improve operational performance and maximize the contribution of PT XYZ's assets to revenue.

Bim-based Digital Twin development for university Campus management. Case study ETSICCP

Innovation and digitalization are outstanding topics acquiring each day more importance for local governments, especially in Facility Management sector. Moreover, during the COVID-19 situation, new management needs emerged, especially in large public buildings. Building Information Modeling (BIM) is considered as one of the emerging technologies used to reach a total digitalization of the infrastructure. Nevertheless, BIM implementation carries important barriers with itself like, high software and hardware investments, initial BIM skills training or low data interoperability. The objective of this project is to overpass those implementation barriers. For this purpose, the paper shows the creation of a BIM-based intelligent platform for infrastructure management that leads to the development of a Digital Twin (DT). To show the potential of the software developed, a real implementation in the Civil Engineering School at Universidad Politécnica de Madrid was carried out, obtaining significant results thanks to the actual feedback of infrastructure users and managers. The novelty of this project relies on the final results achieved, obtaining a complete DT for management functionalities like space reservation, live sensors data or assets management. All of it, linking BIM models with own software and hardware development using Internet of Things and cloud computing. A multidisciplinary work is compiled in this paper, providing the reader with the most relevant challenges detected in a real digitalization process.

Implementation of Risk Management in Asset Management Governance Towards Optimizing Asset Utilization at Public Service Agency State Universities (Case Study of UPN Veteran Yogyakarta)

This study aims to analyze the application of risk management in asset governance at UPN Veteran Yogyakarta to achieve optimal asset utilization. As a Public Service Agency State University (PTN-BLU), UPN Veteran Yogyakarta faces various challenges in asset management, including budget constraints, lack of consistent monitoring, and the unavailability of formal risk evaluation standards. Qualitative descriptive research methods are used to gain in-depth understanding through interviews with asset managers and field observations. The results show that the implementation of risk management can have a significant impact on the efficiency of budget allocation, which includes more appropriate budget distribution based on priority needs and risks. Risk management also has the potential to extend the useful life of assets, with risk mitigation measures taken on assets that show signs of wear or early damage, thus preventing major repair costs due to serious damage. This research highlights that a technology-based monitoring system is an indispensable aspect to support the effectiveness of risk management in asset management. The implementation of structured risk assessment procedures helps in determining asset maintenance priorities, so that the assets that are most critical to the sustainability of campus operations receive greater attention. With the implementation of this comprehensive risk management, optimization of asset utilization can be achieved, which in turn supports the stability and sustainability of UPN Veteran Yogyakarta's operations as a quality higher education institution.

The Influence of Regulatory Compliance, Use of Information Technology, and Leadership Commitment on Securing Fixed Assets in the Regional Revenue and Assets Agency of East Nusa Tenggara Province

One of the regional assets managed by the regional government is fixed assets. In relation to fixed asset management, in the NTT Provincial Government, the authority to manage fixed assets rests with the NTT Provincial Regional Revenue and Assets Agency. Based on NTT Province Regional Regulation Number 1 of 2019 concerning Amendments to East Nusa Tenggara Province Regional Regulation Number 9 of 2016 concerning the Formation and Structure of East Nusa Tenggara Province Regional Apparatus. The Regional Revenue and Assets Agency has the task of "assisting the Governor in carrying out some regional household affairs in the field of Regional Revenue and Asset Management". Based on balance sheet data from the NTT Provincial Government, it was found that the nominal value of fixed assets had increased and some had decreased. Throughout 2018-2023, the nominal assets of land, equipment and machinery, buildings and structures, and other fixed assets have increased. Road, irrigation and network assets experienced a decline in 2019 and an increase in 2020-2023. Construction assets under construction experienced an increase in 2019, 2020 and 2022, while in 2021 and 2023 they experienced a decrease. The formulation of the problem in this research is as follows. What is the description of regulatory compliance, use of information technology, leadership commitment and management of fixed assets at the Regional Revenue and Assets Agency of East Nusa Tenggara Province? Does regulatory compliance have a positive and significant effect on fixed assets by the Regional Revenue and Assets Agency? East Nusa Tenggara Province.

A study on the water content in distribution pole transformer using random forest model

This study proposes and validates an artificial intelligence (AI)-based method for estimating the water content in the insulating oil of distribution-level transformers. The methodology includes data augmentation using noise addition, outlier removal via Isolation Forest, and data normalization through square root transformation. A Random Forest (RF) model is developed to estimate water content based on the usage period of the transformer. Correlation analyses identified the usage period as the key variable affecting water content. The model demonstrated high estimation accuracy with an R-squared value of 0.83, closely aligning estimated values with measured data. This approach provides a practical solution for real-world applications, expanding the focus to distribution-level transformers and ensuring reliable estimations through validation with actual field data. Despite limitations due to a dataset comprising 100 samples of transformer usage and oil analysis data, the method shows promise for accurate transformer lifespan assessment and efficient asset management. Future research will enhance model performance by incorporating diverse environmental conditions and comparative analyses with other machine learning (ML) algorithms, aiming to optimize estimation reliability and safety for distribution-level transformers. Consistency in the methodology description and actual models used will be maintained to avoid discrepancies.

Threat Modeling for Enhanced Security in the Healthcare Industry with a Focus on Mobile Health and IoT

The advancement of mobile health and the Internet of Things (IoT) promises to enhance healthcare quality while reducing costs, particularly with the transition from inpatient to home and ambulatory care. This shift, driven by an aging population, financial pressures, and a shortage of skilled healthcare professionals, presents significant opportunities and challenges. While mobile health improves access and encourages self-management, it also raises serious concerns regarding security and interoperability, especially with wearable devices equipped with sensors in a patient's Body Area Network (BAN). This paper critically analyzes the security and interoperability risks associated with these technologies, emphasizing the need for robust measures such as configuration and asset management. Utilizing recommendations from ENISA (2016) and conducting a risk and vulnerability assessment, this study develops a comprehensive security model tailored for healthcare architectures. Additionally, it applies the STRIDE threat modeling approach to identify and mitigate potential threats, providing valuable insights for securing healthcare systems and prioritizing critical assets vital to organizational operations.

AI and blockchain technology for secure and transparent financial transactions

The integration of Artificial Intelligence (AI) and blockchain technology presents a transformative approach to enhancing the security and transparency of financial transactions. Blockchain’s decentralized and immutable ledger system ensures that transaction records are tamper-proof and transparent, significantly reducing the risk of fraud and errors. AI, with its advanced data analytics and machine learning capabilities, further augments this ecosystem by providing real-time monitoring, predictive analytics, and automated decision-making processes. Together, these technologies enable more efficient and secure financial operations, from cross-border payments to trade finance and asset management. This paper explores the synergistic potential of AI and blockchain in revolutionizing the financial sector, highlighting key applications, benefits, and challenges. By leveraging the strengths of both technologies, financial institutions can achieve unprecedented levels of security, efficiency, and trust in their operations.

The Advancements Blockchain has had on the Financial Services Industry

The financial services industry handles transactions amounting to trillions of dollars daily, necessitating a focus on cost-efficiency, transparency, and security. Prior to the integration of blockchain technology, intermediaries such as money transfer services, stock exchanges, and payment networks frequently encountered cybercrime. Blockchain technology, initially popularized by cryptocurrencies like Bitcoin, has since become a transformative force across various financial sectors. This technology enhances the industry by providing secure, transparent, and cost-effective transaction protocols through encryption and algorithms. This prose explores the significant advancements blockchain has brought to financial services, emphasizing its role in revolutionizing insurance, asset management, banking, and the stock market.

Sistem Pengelolaan dan Pengembangan Wakaf Secara Produktif di Pondok Pesantren Al-Uswah Kuala Kabupaten Langkat Menurut Undang-undang No. 41 Tahun 2004 Tentang Wakaf

The purpose of this study was to determine the productive waqf management and development system at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency, and also to find out the forms of productive waqf management and development at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency. This type of research includes empirical research with a qualitative approach. The subject of this study involved the Chairperson of the Al-Uswah Kuala Islamic Boarding School Foundation, Nazhir Waqf, and the Community, with a qualitative descriptive research analysis. The results of the research conducted show that the waqf management and development system productively at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency is carried out by administering and collecting data on waqf assets, then recording them in a notarial deed so that they have permanent legal force, and carrying out maximum supervision so that the utilization Waqf assets are in accordance with their function and main objective, which is to develop Islamic education as a place to nurture true Muslims. Then, the productive management and development of waqf at the Al-Uswah Kuala Islamic Boarding School in Langkat Regency is carried out in two forms, namely the physical form in which waqf assets are developed by adding and constructing various buildings needed in the educational process at the institution. Apart from that, it is also being developed in the form of waqf management policies especially for the needs of the students, for example providing free tuition fees for orphans and high achieving students so as to help the Muslim community (santri's parents). While the form of waqf assets is distributed to the surrounding community in the form of donations such as groceries and so on at certain moments. So that the productive management and development of waqf assets is in accordance with Law no. 41 of 2004 concerning Waqf.

Optimizing Organizational Efficiency: The Strategic Necessity of Modern Industrial Asset Hierarchy Management

Asset Hierarchy Management (AHM) is not just a theoretical concept but a practical tool for optimizing operations in modern businesses, particularly in sectors with intricate infrastructures such as manufacturing, utilities, and healthcare. This research paper explores the significance of AHM in standardizing and enhancing organizational efficiency. It traces AHM's evolution, delineates its benefits, and provides strategies for implementation. By emphasizing the tangible benefits of AHM, the paper aims to instill optimism in the audience about its potential impact. The paper outlines prerequisites and steps for developing a robust asset hierarchy, stressing transparent governance and integration with technology solutions like Enterprise Asset Management (EAM) software. Furthermore, it presents a detailed framework for implementing AHM in manufacturing plants, highlighting the importance of defining clear asset categories, hierarchical levels, and relationships. By adhering to best practices and leveraging advanced tools, organizations can effectively manage assets, drive operational excellence, and achieve sustainable growth.

The Too-Big-to-Fail Premium in Tier-2 Capital Bonds and Additional Tier-1 Capital Bonds Primary Markets: Evidence from China

Abstract This study examines the too-big-to-fail expectations in the primary market issuance spreads of commercial bank tier-2 capital bonds and additional tier-1 capital bonds in China. Using a sample of 574 issuances with total amount of 4.76 trillion RMB (749 billion USD), we conduct median regressions with the issuance spreads as the dependent variable. The coefficients of DSIB and GSIB are negative and statistically significant at 1% and 5% levels respectively in the full sample, and are negative and statistically significant at 1% level in the subsample after the guidance on asset management businesses was announced. Ceteris paribus, the issuance spreads of capital bonds of systemically important banks are 15.2 bps to 19.7 bps lower than those issued by other banks. The too-big-to-fail expectations and implicit guarantee of systemically important banks in the Chinese bond market, which narrow the primary market spreads of capital bonds issued by systemically important banks, may account for the results. To address the potential endogeneity issues, we use 90% quantile and 95% quantile of sample bank consolidated assets as proxies of systemic importance, and use China Development Bank bond yields to calculate issuance spreads, and the results show that the conclusion is robust.

The Impact of Asset-Liability Management on the Profitability of Listed Commercial Banks in Vietnam

This paper investigates the effect of asset-liability management on the profitability of listed commercial banks in Vietnam, analyzing annual data from 2013 to 2023. The study uses VIF tests, Heteroskedasticity tests, Model Specification tests, and the Generalized Least Squares (GLS) model with the Modified Wald test to examine the data. The results reveal a positive correlation between bank asset management and annual GDP growth with profitability. Conversely, liability management and the year-on-year growth rate of total assets negatively impact profitability. Specifically, factors such as loans and advances, investments in securities on the asset side, and deposits and borrowings from other credit institutions, along with customer deposits on the liability side, are significant. Lending activities, in particular, are identified as key drivers of financial performance in the Vietnamese banking sector. However, the minimal impact of investment securities on profitability raises questions, given their traditionally significant role in banking profitability strategies globally. The study also highlights the negative effects of certain liabilities on bank profitability, stressing the need for careful liability management for banks in Vietnam. While GDP growth is generally linked with economic prosperity and financial sector growth, its impact on bank profitability in Vietnam appears limited, suggesting that other factors might play a more significant role.

INTELIGÊNCIA EMOCIONAL NAS ORGANIZAÇÕES: ATIVO OU PASSIVO NA PERSPECTIVA DOS ADMINISTRADORES?

this paper aims to analyze and investigate how supply chain management can represent a competitive advantage for organizations. With the advent of the pandemic caused by the covid-19, there has been an exponential growth in the world e-commerce, and this has required managers and companies to adopt new models of economy capable of anchoring the planning, execution and control of effective actions the management of fundamental assets for the oxygenation of purchasing, logistics, storage, production and delivery processes to consumer markets. The new technologies of communication and telecommunications, which put new tools, such as artificial Inteligence, robotics and Big Data, at the service of this intricate gear of Supply Chain Management, at the same time also pose new challenges to the administrators and the organizations that need to adapt to the new demands and demands of the markets and consequently to the new ways of thinking strategically the delivery of value and the competitive advantage for the stakeholders.

Sistem Pengelolaan dan Pengembangan Wakaf secara Produktif di Pondok Pesantren Al-Uswah Kuala Kabupaten Langkat: Studi Analisis Menurut Undang-Undang No. 41 Tahun 2004 tentang Wakaf

ABSTRACT The purpose of this study was to determine the productive waqf management and development system at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency, and also to find out the forms of productive waqf management and development at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency. This type of research includes empirical research with a qualitative approach. The subject of this study involved the Chairperson of the Al-Uswah Kuala Islamic Boarding School Foundation, Nazhir Waqf, and the Community, with a qualitative descriptive research analysis. The results of the research conducted show that the waqf management and development system productively at the Al-Uswah Kuala Islamic Boarding School, Langkat Regency is carried out by administering and collecting data on waqf assets, then recording them in a notarial deed so that they have permanent legal force, and carrying out maximum supervision so that the utilization Waqf assets are in accordance with their function and main objective, which is to develop Islamic education as a place to nurture true Muslims. Then, the productive management and development of waqf at the Al-Uswah Kuala Islamic Boarding School in Langkat Regency is carried out in two forms, namely the physical form in which waqf assets are developed by adding and constructing various buildings needed in the educational process at the institution. Apart from that, it is also being developed in the form of waqf management policies especially for the needs of the students, for example providing free tuition fees for orphans and high achieving students so as to help the Muslim community (santri's parents). While the form of waqf assets is distributed to the surrounding community in the form of donations such as groceries and so on at certain moments. So that the productive management and development of waqf assets is in accordance with Law no. 41 of 2004 concerning Waqf. Keywords: Management, Development, Productive Waqf.