Profitable Business Research Articles

Efisiensi Perolehan Pendapatan Antara Beban Yang Dikeluarkan Dengan Pendapatan Terhadap Keuntungan Usaha Menggunakan Metode Target Costing (Studi Pada Usaha Kuliner Jajanan Najla Di Purwakarta)

The magnitude of profit obtained is highly dependent on production cost efficiency, thus requiring special attention to achieve the company's target. Cost control must align with the company's objectives, including achieving maximum profit with minimal production costs. This study aims to analyze the relationship between expenses, income, and business profits in UMKM Jajanan Nazla, as well as identify key factors influencing the efficiency of revenue generation and expense expenditure. Based on the analysis of production costs, UMKM Jajanan Nazla faces a deficit in net profit due to the inability to cover production costs. Therefore, this research applies the target costing method to improve its profitability. The steps of implementing target costing involve determining market prices, calculating target profits, and identifying target production costs. By implementing value engineering, such as reducing packaging costs, labor costs, and even eliminating rental costs, UMKM successfully reduces production costs to meet the set target cost. As a result, production costs decreased from Rp. 7,880,000 to Rp. 5,240,000 per month, resulting in savings of Rp. 2,640,000. Thus, the initially deficit net profit increased to Rp. 1,510,000 per month after the application of target costing. In conclusion, it can be inferred that the target costing method is effective in improving the production cost efficiency of UMKM Jajanan Nazla, helping them strengthen their position in the competitive market.

Analisis Hubungan Antara Laba dan Tujuan Ekonomi Syariah Kontemporer

This research discusses profits in Islamic economics by considering not only material aspects, but also spiritual aspects. In a sharia economic perspective, profits must take into account compliance with sharia principles such as the prohibition of usury, gharar and maysir. This study refers to the Al-Qur'an and Hadith to analyze the relationship between profit and economic goals in contemporary sharia business. The method used is qualitative research with a library research approach, which produces subjective conclusions. The aim of the research is to provide understanding to the public about the importance of following sharia economic principles in doing business. The formulation of the problem in this article is that many businesses in the 21st century still violate sharia principles, such as riba, gharar, and maysir. In this case thrifting contains elements that are not in accordance with sharia economic principles.

Analyzing the Impact of Economic Performance on the Interplay between Financial Management Strategies and Profitability in the Iraqi Context

Purpose - This study examines how economic performance affects financial management approaches and profitability in Iraq's construction business. This research examines how financial management strategies affect profitability and economic success. Design/Methodology/Approach—Construction project and site managers in Iraq were surveyed online for the study. Given the scope and magnitude of the research, this study's 85.3% response rate is impressive. In-depth statistical analysis was performed using Partial Least Squares Structural Equation Modelling (PLS-SEM), which examined economic performance, financial management, and profitability. Findings - The instance indicates that the lack of organization-wide integrated systems, common across enterprises, contributes to this problem. The major issue is that the organization's information systems strategy never expressly prioritizes KM-enabling schemes. Practical Implications—The study's conclusions have major practical ramifications. Iraqi enterprises should prioritize resource optimization, cost control, and strategic financial planning to improve economic performance. In addition, governments should promote building projects through incentives, subsidies, and tax policies that boost economic productivity and profitability. These policies are available here. Originality/Value—This study adds to the literature by stressing economic performance as a mediator between financial management methods and profitability in Iraq's construction sector. It examines the dynamics of this link in Iraq's building sector. With the new data, firms may improve financial performance by making informed judgments and using efficient financial management procedures.

A fast and highly scalable frequent pattern mining algorithm

As the use of big data and its potential benefits become more widespread, public and private organizations around the world have realized the imperative of incorporating comprehensive and robust technologies into their business processes. In particular, companies are implementing more and more intelligent systems into their business processes, resulting in an exponential increase in the amount of data being collected and used in everyday life on a quarterly basis. Therefore, an algorithm that can efficiently explore the frequent patterns from big data will be able to productively analyze and utilize the generated data to better optimize resources and even develop new business models. Thus, in this urban data era, it is not only essential to make more efficient and accurate decisions to improve business profitability and customer satisfaction, but also a highly challenging core issue. In this study, a new approach, scalable FP mining, is proposed for the first time to achieve a certain level of performance and more efficient memory utilization despite large amounts of data. Experiment results for different data characteristics show that the best performance of the proposed method requires only 48.9% of the DP algorithm's execution time. In further experiments with increased exploration difficulty, the optimal execution time is only 37%. On specific associated databases, the proposed method maintains stable and excellent performance with 12.7% for different data characteristics. The experimental results with increasing exploration difficulty at each stage demonstrate the stability, robustness, and reliability of the proposed SFP, especially under high data complexity and exploration difficulty.

Distortionary effects of PPP loans on business competition

We study the effects of PPP loans on business competition. We start by introducing temporary cash subsidies into a model of monopolistic competition with differentiated products and heterogeneous production costs. We test the predictions of our model in a sample of U.S. airport hotels for which we observe daily demand, prices, output, and profits. Consistent with model predictions, less profitable businesses were more likely to apply for PPP loans. Businesses with active PPP loans reduced prices, boosting output and profits relative to non-PPP competitors. Those relative differences were reversed once PPP loans expired. We calculate that, for every dollar of PPP subsidies, PPP hotels earned 72.4 cents in extra profits and non-PPP competitors lost 71.4 cents in aggregate. Our results suggest that the PPP initiative distorted competition, imposing significant costs on businesses that chose to forgo these loans.

Age Group-Wise Burden of Non-Communicable Diseases Among Shrimp Cultivators in India: A Retrospective Analysis of Disability-Adjusted Life Years Method

ABSTRACT Objective Despite generating huge employment opportunities and profitable business, fishing is considered a dangerous occupation due to challenging weather conditions and exposure to unhealthy occupational factors and lifestyles, which contribute to various health issues. However, few studies have examined the health status of shrimp cultivators. Consequently, this study aims to estimate the age group-wise burden of non-communicable diseases (NCDs) among shrimp cultivators. Methods Simple random sampling was employed for collecting data. The sample size was 357 shrimp cultivators. Disability-adjusted life years (DALY) and relative risk (RR) methods were used to measure the burden of NCDs among shrimp cultivators. This study reported the burden of NCDs per 100,000 shrimp cultivators. Results The top five prevalence of NCDs per 100,000 shrimp cultivators were mental disorders (85,434), musculoskeletal diseases (26,325), digestive diseases (9,803), diabetes (5,882), and cardiovascular diseases (4,481). DALY per 100,000 shrimp cultivators was 33,407.59, while at the national level, it was 24,775.99 per 100,000 people across all age groups. The RR of NCDs among shrimp cultivators in terms of DALY was 1.35, indicating a 0.35 times higher burden of NCDs among shrimp cultivators than at the national level. The largest RR of NCDs was found among shrimp cultivators aged 15–49 years (1.85), followed by 50–69 years (1.09). The highest percentage changes in the burden of NCDs among shrimp cultivators, resulting from changes in the methods of estimating DALY, was observed in the age group of 70 years and above (−48.36%) followed by 15–49 years (−46.08%) and 50–69 years (−40.33%) when compared to the baseline method of estimating DALY without utilizing age weightage and discount rate. Conclusions Focus should be given to improving the lifestyle and occupational factors of shrimp cultivators to mitigate the burden of NCDs.

Profitability and Financial Feasibility Analysis of Hydroponic Vegetable Business at Bahagia Farm

Purpose: This study aims to explore the profitability and financial feasibility aspects of hydroponic farming. Methodology: The study was conducted at Bahagia Farm, located in Bahagia Village, Babelan District, Bekasi Regency, from May 2023 to June 2023. The Non-Probability Sampling technique with a Saturated Sample (census) approach was used for sample selection. Data collection involved primary information from interviews, direct observations, and original documents, analyzed through profitability and financial feasibility analysis. Results: The results indicate that the farming business is profitable and feasible, with profitability indicators such as a Gross Profit Margin of 75.21% and a Net Profit Margin of 48.83%. Findings: The financial analysis shows a Net Present Value (NPV) above the neutral point at Rp553,272,251, a Net B/C ratio of 2.63, an Internal Rate of Return (IRR) of 41.82%, and a payback period of 2 years, 4 months, and 18 days. Novelty: This research provides detailed insights into the financial viability and profitability of hydroponic farming, enhancing understanding of its economic potential. Originality: The study offers a comprehensive analysis of economic benefits and financial metrics, contributing to knowledge on sustainable agriculture practices. Conclusions: Hydroponic farming at Bahagia Farm is profitable and financially feasible, making it a viable agricultural practice. Type of Paper: Empirical Research Article

Analisis Keuntungan Usaha Gula Kelapa Skala Rumah Tangga di Kecamatan Segedong Kabupaten Mempawah

This study aims to determine the magnitude of profits from the business of household-scale coconut sugar in Segedong District Mempawah District. Population in this research is coconut sugar business household scale and selected purposive (intentionally). Data analyst techniques used are total cost, revenue and profit. The results of this study indicate that based on the results of the analysis of the calculation of costs used in the business of coconut sugar household scale. The level of profit of coconut sugar business is Rp. Rp.73.585/day and Rp.1.600/Kg. The analysis shows that this household-scale coconut sugar business is profitable

A federated learning model for intelligent cattle health monitoring system using body area sensors and IoT

The Sustainable Development Goals (SDGs) emphasize synchronizing technology and routine life for sustainability. Food and water shortage, and exponentially increasing environmental pollution are the biggest challenges for sustainability. Livestock plays a vital role in developing countries’ economies; the most profitable businesses are breeding dairy and non-dairy products. The productivity of cattle farms is dependent on the health conditions of cattle. Identifying unhealthy cattle and providing suitable treatment is critical. Hence, deploying the Internet of Things (IoT) along with AI systems is one of the potential solutions. This cattle health monitoring system provides monitoring of cattle health to ensure the minimum human intervention. A system has been designed and developed to aid the intelligent cattle health monitoring system by using machine learning techniques. The system includes multiple sensor nodes, each having a body area sensor that is connected to the IoT platform through a controller. As a novelty, the prototype has been trained and evaluated using a federated learning technique. The system warns the owner about specific diseases such as fever, mastitis, foot and mouth disease, and ketosis. The presented results validate the proposal as it diagnoses the prescribed viral diseases precisely. We have implemented the Gaussian Naïve Bayes classifier for this multiclass problem. Considering the federated learning model, three different datasets are considered as three different clients with 70% train and 30% test data. Client 1, Client 2, and Client 3 represent the cattle farm, veterinary hospital, and veterinary respectively. The sensor nodes are placed on key points of the cattle body while each node collects physiological parameters that are further used to train the prediction system. Additionally, we have developed a user-friendly Android application for the owner to control cattle well-being. A comprehensive comparative analysis demonstrates that the proposed system outperforms existing state-of-the-art systems by showing good accuracy.

Joint optimization of dynamic pricing, quality, and production quantity in the presence of online reviews: A distributionally robust optimization approach

This paper investigates the joint pricing, product quality, and production quantity decisions of a firm in a two-stage scenario, considering potential market demand uncertainty and the existence of online reviews. Two decision models are established based on whether the firm adjusts product quality and prices according to consumer feedback from reviews: a static model (as a baseline) and a dynamic model. In the static model, the firm decides product quality, prices, and production quantity in the first stage, while in the second stage, the firm does not enhance product quality, and prices remain unchanged. In the dynamic model, in the first stage, the firm decides initial product quality and pricing, then in the second stage, adjusts product quality based on consumer feedback and sets pricing accordingly. We propose a distributionally robust optimization (DRO) method to address this problem, obtaining a closed-form solution for the expected profit function under the worst distribution, making it easy to determine the optimal decision. Through numerical simulation analysis, we find that the firm implementing dynamic decisions always make higher profits compared to those using static decisions. This highlights the superiority of dynamic decisions in adapting to market changes and improving product quality. We also analyze the impact of expected and standard deviation of potential market demand, as well as consumer private assessment weight, on business decisions and profits. Our research provides effective support for firms with limited market information, enabling them to better formulate joint pricing, quality, and production decisions.

ANALYSIS OF THE STATE OF THE POULTRY INDUSTRY AND HIDDEN OPPORTUNITIES

Today, both producers and consumers of fodders are aware that achieving high productivity of animals and poultry, as well as optimal quality of final products, is impossible without the use of complete and nutritionally balanced feed. Requirements for the quality of compound feeds continuously grow and change, as new, more productive animal breeds and poultry crosses appear. It is proved that the COVID-19 pandemic, the full-scale war in Ukraine, climate variability and the global economic crisis are seriously undermining efforts to fight hunger and improve food security and nutrition. In the countries of Europe and Central Asia, the number of people who face problems in accessing adequate nutrition, including quality and safe products, has increased by 25.5 million people. According to FAO estimates, by 2050 we will have to increase the production of food and animal protein, including by 60%, to provide food for the world's 9.3 billion people. It has been established that poultry products are the most common and available source of animal protein to meet the needs of the world's population. The dynamics of changes in the feed production volume in 2018-2023 according to the data of the annual Agri-Food Outlook are presented. The top 10 leading countries in the feed production in 2022 are listed. They consume 64% of the world's compound feed, and half of the world's compound feed consumption is concentrated in four countries (China, USA, Brazil and India). A comparative analysis of the structure of compound feed production by types of agricultural animals and poultry for 2021-2023 shows that there is a growth trend for almost all types. The production of compound feed for pigs has been negatively affected by ASF all over the world. The greatest growth is observed in the field of compound feed for pets. It has been proven that a third of consumers prefer poultry products due to their availability and quality. In Ukraine, the industry is developing rapidly even in the conditions of a full-scale war, personnel shortages, power outages, inflation and disruption of logistics chains. The volume of global poultry production from 2012 to 2023 is shown. It is constantly increasing, caused by the increase in demand for affordable and relatively cheap animal protein. As a result of the analysis of the dynamics of poultry meat production by country in 2022-2023, it was established that the USA remains the leader in the production of poultry meat in the world for many years. Brazil and China remain in second and third place. Brazil has the largest growth during the reporting period. High competition in the field of breeding of laying hens and broilers stimulates the development of niche industries, such as guinea fowl breeding. Guinea fowls are raised for meat, eggs and fluff. This can be a very profitable business, especially for small poultry farms, due to the speed of payback of small investments and the unpretentiousness of the bird

Urgensi Penerapan Green Human Resource Management (GHRM) pada Organisasi Bisnis dan Non Bisnis

This research is conducted to provide scientific knowledge, especially about the urgency of implementing GHRM or green human resource management in business and non-business organizations. Given the current industrialization that is rampant throughout the world must be balanced with green or environmentally friendly behavior practiced by all components involved in the industry. In addition, the achievement of a green economy must continue to be pursued so that the earth continues to be sustainable in the increasingly massive economic penetration in the world today. This research method uses literature review from various international journals by grouping, reducing, and presenting according to the topic raised. Overall, the research results reveal that GHRM must be immediately implemented by all business sectors or profit or non-profit organizations.

Enriching Carbon: Surplus Value Creation and Capture on the Voluntary Carbon Markets

AbstractThis article examines the creation and capture of surplus value in the voluntary carbon markets to show the importance of narratives and networks in justifying price. Rather than a push towards commensurability in carbon markets, it points to the emergence of profitable business models based on the enrichment of credits. Enrichment focuses not on processes of standardisation associated with commodity production, but on the creation of difference, uniqueness, and provenance. Drawing on ethnographic fieldwork and the marketing of a REDD+ project in San Martín, Peru, the article argues that the creation of surplus value in the voluntary market lies chiefly in the ability of vendors to create, manage, and sell narratives. A focus on the enrichment of carbon‐as‐an‐asset thus shows that narratives and networks go beyond performativity but are central to value construction, privileging certain actors and forms of labour and highlighting emerging forms of exploitation in green markets.

Usefulness of accounting information systems for small business profitability in South Africa: A systematic literature review

Accounting information systems are an important instrument in the hands of administrators seeking to maintain a competitive edge in the face of fast technological innovation, having the knowledge, and demanding expectations from customers and business owners. The objective of the study is to investigate the empirical literature pertaining to accounting information systems and companies. This study uses a systematic literature review method to provide responses to the research issue, and the bulk of the research was conducted in industrialized economies where computerized accounting system approaches were widely adopted. The selected method of inquiry consists of the following phases: study choice, development of both inclusion and exclusion guidelines, research designation, quality of research assessment, data collection, and data compilation. Based on the paper’s findings, most small businesses fail to implement accounting information systems in their operations, resulting in low-efficiency levels because of the difficulty of preserving company information records. Furthermore, this systematic literature review adds to the prior literature in three ways: (1) it indicates the usefulness of accounting information systems; (2) it expresses the suggestions that might be implemented to boost the accounting information system; and (3) it describes the research gaps that require to be filled to encourage an improved adoption of accounting information systems for small business profitability.

Combining nursery closed-system and pond grow-out common carp (Cyprinus carpio) production is a profitable business in Hungary

Extensive, large-scale long-term pond fish production has several challenges and high economic risks, such as continuous bird predation. Moreover, common carp (Cyprinus carpio) production costs are relatively high using this production strategy. To reduce risks and improve production safety and efficiency, European common carp farmers are challenged to shorten the classic 3-year production cycle. This study aimed to comprehensively analyze the main farm parameters, production efficiency, cost and revenue of a production strategy based on combining hatchery/nursery closed-system, a second phase of the nursery in ponds and a final phase of pond grow-out of common carp. A deterministic economic model was used. Combined production has a lower fish loss by bird predation, a shorter production cycle, a better feed conversion ratio than conventional pond fish production, and a similar yield at a cost of approximately 2.02 USD/kg. This value are higher than those assumed in the conventional extensive 3-year common carp, completely pond-based production strategy. However, the current assets turnover ratio is much lower in the latter case. The yearly average net revenue can increase by implementing a more intensive combined production strategy. The combined strategy can improve security and predictability of production while reducing the pond area used for grow-out of extensive common carp farm.

ОЦІНЮВАННЯ ТА ПРОГНОЗУВАННЯ РЕНТАБЕЛЬНОСТІ БІЗНЕСУ ПРИ ФОРМУВАННІ ПІДПРИЄМНИЦЬКОГО ПОТЕНЦІАЛУ В КОНТЕКСТІ СТАЛОГО РОЗВИТКУ

The article examines the problems of assessing and forecasting business profitability in the formation of entrepreneurial potential in the context of sustainable development. It was determined that in the formation of entrepreneurial potential, considerable attention should be paid to the analysis of market conditions and the competitive environment, which helps to identify the strengths and weaknesses of the business, as well as opportunities for growth and threats that can affect its profitability. For research, analysis, modeling and forecasting of the level of profitability of production of products in the formation of entrepreneurial potential in the context of sustainable development, it is proposed to use the method of combining quantitative methods of forecasting. Based on the example of activities of FG "Barvinok" of Lohvytskyi district, FG "Veselka" of Karliv district and FG "Gryga" of Poltava district, the assessment and forecasting of business profitability in the formation of entrepreneurial potential in the context of sustainable development is proposed. Relatively positive prospects of the profitability of the mentioned farms have been clarified. At the same time, the constant variability and instability of the external environment requires systematic monitoring of the profitability of business entities. Assessing and forecasting business profitability in the context of sustainable development is a complex process that takes into account a wide range of factors and contributes to the formation of sustainable entrepreneurial potential. It allows enterprises not only to achieve high financial results, but also to contribute to the sustainable development of society

Community development of a business ecosystem in planting media commodities (Goatthai) with One Village One CEO Program: a case study of Cianjur

Abstract In challenging economic conditions, with 11.74 million urban residents and 14.16 million rural residents in poverty as of March 2023, innovation in natural resource management is critical. This study investigates how the agricultural community in Sukanagalih, Cianjur, uses husk charcoal to create sustainable and economically beneficial planting media. This study discovered that economic necessities has driven farmers in Sukanagalih to develop and use husk charcoal as a planting medium, not only for the domestic market but also for the international market, using a survey approach with purposive selection. Community income increased significantly, from IDR 1,450,000 in 2019 to IDR 3,300,000 in 2021, supported by assistance in husk charcoal production, packaging branding, and marketing network expansion through the “One Village One CEO” program. These findings demonstrate that community empowerment through innovation and business assistance is the key to developing a sustainable and profitable business ecosystem.

IoT Model for Production House Control from the Development of Wetland Commodity Start-up

Abstract A startup must have a realistic vision and a profitable business plan. It should be able to find customers willing to pay during the customer validation process. Products which customers are interested in must gain popularity consistently with repeatable and scalable startup business models. The aim of the research was to design an IoT model for production house control from the development of a Wetland Commodity Start-up. The business model was designed based on the concept of a Product-Service System (PSS) oriented towardscreating according to the wishes and needs of the users. The design thinking developed referredto 5 (five) stages of the process, namely Empathize, Define, Ideate, Prototype and Test. It was hoped the User would reach the stage of trying out the trial product after it had been made. Oneof the outputs was in the form of an IoT model implemented in an environmentally friendly wetland commodity production house. The advantages of this model were in terms of efficiency of electricity resources and smart monitoring based on mobile (Android & IoS). The power source was carried out in a hybrid manner, that is electricity from PLN and solar panels, so that it could detect quickly when a power outage occurred and then automatically switch according to the availability of electric power. Another advantage was smart monitoring. With this feature, the model was able to monitor and control nutrients so it was in sufficient ppm concentration according to the growth phase of the commodity.

ГЕНЕЗА Й ЕВОЛЮЦІЯ КОНЦЕПЦІЇ ЛАНЦЮГІВ СТВОРЕННЯ ВАРТОСТІ У КОНТЕКСТІ ФОРМУВАННЯ МІЖНАРОДНОЇ КОНКУРЕНТОСПРОМОЖНОСТІ ПІДПРИЄМСТВ

The aim of the article is to identify the ways and directions of the genesis and evolution of the value chain concept in the context of forming international competitiveness of enterprises The analysis of scientific research on this issue has shown that the concept of value chains originates from the teachings of the physiocrats, gained significant development from the 1940s onwards, and currently holds a prominent position in the forefront of management thought and analytical tools. It forms a powerful strategic planning instrument for analyzing the business environment and making managerial decisions to enhance the competitive advantages of an enterprise in the market. The study found that the value chain concept is based on process-oriented, adaptive, and strategic management approaches. It views the enterprise as a system that transforms available resources and ensures feedback among all management links to secure competitive advantages in the market. The functioning of value chains also determines the formation of enterprise profits. The value chain concept is a crucial tool for both macroeconomic analysis, identifying global trade trends, its impact on developed and transition economies, understanding directions of national development policies, and the integration of individual productions into sectoral complexes, as well as microeconomic analysis for forming strategies of differentiation and diversification for enterprise development. The value chain concept must consider and balance the goals of various stakeholders, including customers (satisfaction of needs, technical support), owners and shareholders (profit, profitability, development), the workforce (decent working conditions, professional growth), the community (responsible social and environmental policies, community involvement, promotion of a healthy lifestyle), and partners (collaboration based on stable, long-term, effective business relationships). Value chains in an enterprise include sequentially interconnected processes and actions aimed at producing goods and services that acquire added value by meeting consumer needs, thereby forming the enterprise’s competitive advantages. Analyzing value chain elements as a management tool increases business profitability and is an integral part of formalized strategic management business models (mission, strategy, corporate culture, performance indicators) and operational management. The analysis of value chain elements is a part of management accounting, marketing, and logistics. It provides a systematic approach to making managerial decisions about the functioning of value chains, which can disrupt the status quo among the links, performers, and beneficiaries in the economic relationship system that encompasses the value chains within an enterprise.

Improvement and Roles of the USU Community Service Team in Educating Halal Certification to the Giat Maju Farmer Group in Parbuluan Village VI Dairi

Currently, the need for halal products has increased rapidly. Halal food has become a profitable business with the largest market share, especially in Indonesia. To improve the quality of the coffee products of the Giat Maju farmer group in Parbuluan VI Dairi Village, the USU community service team is given to educate about halal certification and how to register it. The product certification can expand the market reach of product buyers, and buyers will feel safe and comfortable. Thus, this can increase sales of partner coffee products. Some of the activities carried out by the community service team are identify the problem, socialization and education, document creation and collection, registration and completion of facilities and infrastructure, and assistance for registration of LPPOM MUI halal certification. From the socialization, partners strongly desire to obtain halal product certification by building new production houses, participating in halal certification webinars, and preparing all required documents for registration.