Source Of Profit Research Articles

Application of the Six Sigma Method to Improve the Quality of Cocoa Oil Industry Products in Southeast Sulawesi Province, Indonesia

This research aims to control the quality of cocoa oil industry products through the application of the six sigma method. This research was carried out in the cocoa oil industry centre area in Southeast Sulawesi Province, which accommodates 3 (three) regions, namely; North Kolaka Regency, East Kolaka Regency, and Kolaka Regency. The population in this study were owners or managers of the cocoa oil industry, totalling 130 industries. The research sample used census techniques, namely; the entire population is used as a sample. Data collection techniques were carried out through interviews and direct observation at each industrial location during the cocoa oil production process. The analysis used in this research is Six Sigma analysis with the Define, Measure, Analysis, Improve, and Control (DMAIC) approach. The research results show that there is an average of 17.74% defective cocoa oil products for each production. In addition, the results of this study show that the types of defective cocoa oil products are smell mismatch (17.74%), color (3.71%), taste (7.60%), and water content (70.95%). The results of this research also provide information that the solution needed to control the quality of cocoa oil products is replacing production equipment and production support, establishing partnerships with cocoa bean suppliers from more profitable sources, improving the soft and hard skills of the workforce as well as mentoring, providing machines. more adequate packaging, as well as the use of ethanol solution in the extraction process.

The Tourism Industry as a Tool for Local Economic Development of the Territorial Communities of the Carpathian Region of Ukraine

Tourism, as an important part of social progress, not only contributes to economic growth but also has the potential to catalyze changes in socio-cultural and ecological dimensions. The relevance of the topic of tourism as a tool for the local economic development of territorial communities of the Carpathian region of Ukraine is due to the following: tourism is a factor in economic growth, which contributes to the creation of new jobs, attracting investments and increasing the level of well-being of the population. Tourism affects the preservation and dissemination of cultural heritage, stimulates interest in preserving natural resources and ecosystems, and promotes understanding, tolerance, and environmental awareness. In challenging conditions such as martial law or other difficult situations, tourism can be a source of profit and a tool for the reconstruction and development of regions in need of support. The purpose of the article is to identify the trend of tourism development in the Carpathian region, its role and significance for local economic development, and on this basis to justify the advantages of their synergistic relationship. The research uses a set of scientific research methods of a general nature (analysis and synthesis, induction and deduction, abstraction, formalization) and a special one (content analysis, comparison, graphic), which made it possible to reveal meaningful interpretations of regularities regarding the understanding of the concepts of «local economic development» and «creative tourism» as well as characterize the synergistic relationship between them. It was established that the Carpathian region has significant tourism potential, and the dynamics of tax revenues from the tourism industry in the Lviv, Ivano- Frankivsk, Zakarpattia, and Chernivtsi regions show a positive result. The Ukrainian and world scientists` works were analyzed regarding the impact of tourism on the local economic development of territorial communities, as a result of which attention was focused on several advantages in the economy, socio-cultural sphere, and ecology.

Financial Institutions in Bangladesh: Assessing Performance, Risk, and Sectoral Contributions in 2023

Financial institutions (FIs) are vital to the economic fabric of Bangladesh, offering a range of services that support the production sector, employment generation, and overall economic growth. This study provides a comprehensive assessment of the performance, risk management practices, and sectoral contributions of FIs in Bangladesh as of end-December 2023. Utilizing data from 35 FIs, including fully government-owned, privately-owned, and jointly established institutions, the research evaluates their financial health through tools like stress testing and the CAMELS rating system. The analysis covers sources of funds, asset composition, liability-asset ratios, asset quality, profitability, capital adequacy, and liquidity. Additionally, the study examines the sector-wise concentration of loans and leases, highlighting the predominant allocation to the industry sector. The findings underscore the pivotal role of FIs in driving economic activities and provide insights into their risk profiles and performance metrics, essential for stakeholders and policymakers aiming to enhance financial stability and economic development in Bangladesh

Singapore: Insights from Hong Kong Case Law on Locating the Source of Business Profits

This article reviews landmark cases from Hong Kong concerned with locating the source of business profits. It extracts guiding principles from these cases and evaluates their relevance in interpreting statutory provisions that define the scope of income taxation in Singapore, and for resolving issues relating to whether business profits are sourced in Singapore.

How Insurance Prices Affect Consumers’ Purchase Decisions: Insurance Price as a Risk Signal

Retailers, service providers, and manufacturers have discovered that complementary optional insurance is an attractive source of profit and frequently charge substantial insurance prices compared with the price of the product to be insured. The implicit assumption behind this pricing strategy is that product purchase decisions are independent of the insurance offer. The authors question this assumption and propose that consumers interpret the price of insurance as a risk signal with respect to the underlying product. Perceived risk, in turn, negatively affects consumers’ decision to purchase the product in a given purchase situation. The results of a survey, three online experiments, and two studies using transactional data provide evidence for the proposed insurance price risk signal. The findings reveal that perceived risk mediates the link between the relative insurance price level and consumers’ decision to purchase the underlying product. Offering other optional add-ons and providing objective risk information weakens the insurance price risk signal.

Integrated Pricing and Inventory Decisions for Product Quality-Driven Extended Warranty Services

Extended warranty services have become increasingly important for both manufacturers and retailers, offering avenues for new profit sources and growth opportunities. Focusing on the multiple effects of product quality, this study develops a two-period supply chain decision model to analyze the effects of product quality, pricing, and inventory management in the context of extended warranty services. Using a Stackelberg dynamic game model, this study examines the interaction between a manufacturer and a dominant retailer who provides extended warranties. The results indicate significant differences in optimal decisions between centralized and decentralized supply chains, especially concerning pricing and inventory control. Introducing a “quality cost-sharing” contract enhances product quality and improves coordination, leading to increased profits for both the manufacturer and the retailer. Numerical simulations confirm that the cost-sharing contract effectively balances product quality improvements with supply chain profitability.

Circular vs One-Way Production Processes: Two Different Views on Production and Income Distribution

ABSTRACT This paper examines two distinct representations of production processes: circular production, where commodities function as both inputs and outputs, and one-way production, which starts with factors of production and ends with finished goods. These frameworks offer different views on profits. In circular systems, profits arise from surplus production, while in one-way systems, they appear to emerge from price differences between final goods and inputs. Using Sraffa’s price equations, we analyse the properties of both systems. We demonstrate that while one-way systems seem to allow for profit increases by raising prices, this is an illusion as it ultimately reduces real wages, the true source of profits. Additionally, we show that one-way systems become circular when real wages are fixed. Finally, the paper discusses how this distinction is important in understanding the shift from Walras’ general equilibrium theory to neo-Walrasian formulations. This study highlights the importance of circularity in the functioning of capitalist economies and its implications for the theory of distribution.

Управление досуговой деятельностью в отельном бизнесе: современные подходы и технологии

The development of cultural and entertainment programs is an integral part of the structure of recreation provided by hotels. The importance of this aspect in the context of the hotel business requires a more detailed study, opening up new opportunities to enhance its influence on the hospitality industry. The entertainment sector, closely related to the hotel business, demonstrates stable growth due to integration into the life of hotels. The main task of modern hotels is to meet the growing demands of visitors, which implies a variety of recreational activities offered. Such events influence the formation of tastes and the emotional background of vacationers. In addition, they serve as a source of additional profit and contribute to increasing the prestige of the institution, which directly affects its financial results. The objective of this research is to evaluate the significance and potentiality associated with the creation of cultural and leisure activities. These endeavors are anticipated to lay the groundwork for the development of holistic recreational propositions tailored for guests of hotels.

Intercolonial Cinnamon: Fashioning Connections from the Eighteenth to Mid‐Nineteenth Centuries

AbstractIt is well known that the quest for spices fuelled navigational endeavours during early modern history, acting as a gateway to conquest. Historians from the field have often focused on the relations between the colonies and the colonised, but what role did this play in the forging of intercolonial connections? By delving into the allure of one spice, the current article argues that, more than merely a source of profit, a ceremonial means or an item of consumption, the quest for cinnamon revealed the pursuit of botanical knowledge, which reflected the use of alternative commercial routes. Rivalry between the colonisers prompted significant intercolonial connections rather than merely between them and the colonised, while prompting transimperial relations when these belonged to different empires. These connections resulted in nuanced practical outcomes that conveyed the intellectual stances and political hierarchy inherent in imperial networks.

Optimizing extended warranty options with preventive maintenance service under multinomial logit model

Extended warranty (EW) services have become the primary source of profit for manufacturers. How to design the appropriate EW service to balance customer user experience with the manufacturer’s profit issues has received great attention. Implementing preventive maintenance (PM) actions can not only reduce the customer’s lifecycle cost but also enhance the manufacturer’s brand image. Therefore, EW bundled with PM service has emerged in the after-sales market today. To enrich customers’ choice, we investigate the design of EW menus bundled with PM service options, and then we jointly determine EW prices and the frequency of PM actions for the provided menus. In the proposed model, we combine the multinomial logit model with prospect theory to characterize customer choice behavior when presented with different EW menu options. Based on that, with the aim of maximizing the manufacturer’s profit, we can derive sets of offers, the corresponding EW service prices, and the number of included PM actions. We also introduce two additional models that account for different customer purchase scenarios. Numerical results reveal that when the manufacturer chooses to offer a unified EW menu to all customers, it is consistently more profitable to present the menu at the point of product sales. Another interesting finding is that customized EW menus designed for various customer segments do not always outperform unified ones. Overall, this study will provide a foundation for manufacturers to make informed decisions regarding the selection and design of EW menus in various scenarios.

Modeling financial market dynamics with the use of fuzzy

In the modern world, financial markets play an important role in the economy and people’s lives. They provide access to financial resources and are also a source of profit for many companies. However, instability in the financial markets can lead to serious consequences such as financial crises and loss of investor confidence. In this regard, modelling the financial market dynamics becomes increasingly relevant. This work considered the use of fuzzy mathematics for this purpose. Fuzzy mathematics is a branch of mathematics that studies methods and algorithms for dealing with fuzzy data and fuzzy objects. It allows to consider uncertainty and incompleteness of information, which is especially important in the financial markets where data is often incomplete and inaccurate. The purpose of this research is to establish the relationship between financial asset prices while using behavioural factors (investor sentiment), fundamental (market returns), and microstructural ones (company size, ratio of book and market values of the company). The application of fuzzy mathematics in financial modelling will improve the accuracy and reliability of forecasts as well as increase the stability of the model to various sources of uncertainty.

The influence of perceived streamer characteristics and product characteristics on consumer behavior inertia in livestreaming contexts

PurposeThis study aims to develop a chain-mediated model to examine how streamer and product characteristics influence consumer behavior inertia (CBI) based on an extended cognitive-affective-conative (CAC) perspective.Design/methodology/approachThis study used an online survey concerning the livestreaming activities of 250 experienced shoppers to measure the proposed model.FindingsStreamer (product) attractiveness mediates the relationship between streamer (product) characteristics and shopping experience memory. Streamer (product) attractiveness and shopping experience memory have a chain mediating effect between the streamer (product) characteristics and CBI.Originality/valueTheoretically, the study demonstrates the critical role of attractiveness and shopping experience memory in the formation of consumer inertia and complements current explanations of consumer continuance of buying through livestreaming. From a managerial standpoint, the findings provide guidelines for enterprises carrying out livestreaming business on how to improve inertia to realize a stable profit source.

Research on Walmart's E-commerce Transformation Strategy under the Impact of the Epidemic

The development of the global digital economy era and the occurrence of COVID-19 have impacted the global economy. Traditional supermarkets have also encountered many challenges and development opportunities, of which Walmart is a representative. This paper analyzes Walmart's e-commerce in this context and evaluates its financial performance. It is found that the e-commerce transformation of Walmart has effectively improved the financial performance of enterprises, reduced the impact of special periods, brought new profit sources to the company, and reflected that the digital transformation of traditional supermarkets is the trend of the times.

The Implementation of Tourism Policies in Sikka Regency: Tracing the Role of Local Government in Maintaining Tourism Places

The tourism sector plays a significant source of foreign exchange profits and promotes national economic growth, particularly in terms of lowering unemployment and boosting a country's productivity. However, a tourism destination located in a village frequently produces conflicts of interest between stakeholders and tourism service providers in the community. Thus, this research is intended to find out what are the government policies towards the sustainability of the tourism sector in Sikka Regency. In addition, this research aims to investigate the impacts of Tourism policies conducted by Sikka Regency Government. This research uses qualitative research design by employing interviews and documentation to gain the comprehensive data. The results of this study indicate that there are several programs conducted by the Tourism and Culture office in Sikka Regency. The programs are increasing attractiveness of tourist destinations program, tourism marketing program, and tourism and creative economy resource development program. In implementing the programs, several activities carried out starting from maximising socialisation, implementing several programs by involving all stakeholders to work together in optimising tourist destinations. In addition, the Tourism and Culture office also provides tourism personnel with education and training related to the program. Furthermore, the Tourism and Culture office establishes rules for each tourist destination to record and report the Regional Original Revenue. The implementation of tourism policies in Sikka Regency has been effective. It can be seen from the increase of Regional Original Revenue 2021-2024, especially in the tourism sector. Several suggestions are that the Tourism and Culture office need to improve infrastructure and collaborate with other tourist attraction managers to build links.

Based on the DuPont analysis method under the IQIYI Study on Profitability Issues

With the improvement of material conditions and the increasing popularity of the Internet, video websites have become an important pastime for people. At present, most domestic video websites are losing money, and the research subject of this paper, Iqiyi, as a comprehensive reflection of a platform's operational efficiency, its profitability is the key to its survival and development. After years of development, video websites have formed three different profit models: "advertising revenue", "membership payment", and "IP industry chain”. However, the current problems facing the profitability of domestic video websites are: high cost, shortage of capital, frequent piracy infringement, and homogenization of content. This dissertation takes literature method and DuPont analysis as the research object, and explains the background, purpose and significance of the research. The main contents of the article include Dupont analysis, profitability factors, etc. Secondly, based on a comprehensive understanding of relevant literature and theories, this paper takes Iqiyi as the theme and provides an in-depth analysis of various profitability factors of Iqiyi from the perspective of profitability model; it finds the main problems under the current profitability model: uneven profit sources and consecutive years of losses. The main causes of these problems are: narrow profit target range, high costs and expenses, and decreasing number of member users. Finally, based on the analysis of this paper, suggestions are given to improve Iqiyi's profitability.

Blue Bounty: Italy's Dual-Use Solution for Crab Invasion, Nutritional Value, Safety, and Valorization.

In the past few years, non-native blue crab has been expanding its range in the Adriatic and Mediterranean Seas. However, when non-indigenous species establish a lasting presence in a novel ecosystem and actively expand into other regions, posing potential risks to local biodiversity and economic harm, they are classified as invasive species. For this study, two different batches of blue crabs were collected: one from the Mediterranean Sea and the other from the Adriatic coast area. Considering the negative ecological impact that blue crab has had and continues to have on the Italian coasts, this work was aimed to evaluate the characteristics of the Adriatic Sea "variant"; another goal was to propose the potential use of blue crab as a commercially profitable source due to its organoleptic characteristics. Data obtained revealed a high protein content, a good lipid profile, a low number of plastic particles, and the absence of toxic metals and pathogenic microorganisms. A deep statistical analysis was conducted to compare different portions of blue crab from the Adriatic and Mediterranean Seas. The results suggest that Callinectes sapidus is beneficial for human consumption and represents a valuable seafood, and its carapace could be used as compliant feed for aquaculture due to its metal composition and microbiological content.

Extraction and Depolymerization of Lignin from Different Agricultural and Forestry Wastes to Obtain Building Blocks in a Circular Economy Framework.

Large amounts of agri-food waste are generated and discarded annually, but they have the potential to become highly profitable sources of value-added compounds. Many of these are lignin-rich residues. Lignin, one of the most abundant biopolymers in nature, offers numerous possibilities as a raw material or renewable resource for the production of chemical products. This study aims to explore the potential revalorization of agricultural by-products through the extraction of lignin and subsequent depolymerization. Different residues were studied; river cane, rice husks, broccoli stems, wheat straw, and olive stone are investigated (all local wastes that are typically incinerated). Traditional soda extraction, enhanced by ultrasound, is applied, comparing two different sonication methods. The extraction yields from different residues were as follows: river cane (28.21%), rice husks (24.27%), broccoli (6.48%), wheat straw (17.66%), and olive stones (24.29%). Once lignin is extracted, depolymerization is performed by three different methods: high-pressure reactor, ultrasound-assisted solvent depolymerization, and microwave solvolysis. As a result, a new microwave depolymerization method has been developed and patented, using for the first time graphene nanoplatelets (GNPs) as new promising carbonaceous catalyst, achieving a 90.89% depolymerization rate of river cane lignin and yielding several building blocks, including guaiacol, vanillin, ferulic acid, or acetovanillone.

Kebijakan Perlindungan Data Pribadi Dalam Menanggulangi Kejahatan Lintas Negara di Era Ekonomi Digital

The Digital Economy Era as a driver of economic growth in Indonesia has penetrated almost all aspects of life. The rapid development of the digital economy has the potential to create risks and challenges in the future. The widespread use of digital technology in electronic transactions has made information no longer limited as a medium for transactions and communication, but rather a source of profit in the economy. Personal data information is not always used correctly, and can even be misused by irresponsible parties. Facing this, the importance of protecting personal data in electronic transactions, by strengthening a digital- based security system to mitigate the risk of crime in the digital economy era.

Post Sales Service Strategies and Small and Medium Enterprises Performance in Ibadan, Oyo State, Nigeria

Post Sales Service Strategies play a vital role on the performance of Small and Medium Enterprises. Post Sales Service is an increasingly important part of the business sand is more complex than manufacturing product. Unlike product, it is not possible to produce services in advance and inventory this future consumption. Post Sales Service has become an essential factor for all organizations nowadays; organizations are merging several marketing mixes in different ways to enhance Customer Satisfaction and Loyalty. Organizations are trying to provide excellent Post Sales Service to Customers and using several techniques to retain Customers. Post Sales Service helps to produce remarkable revenue in almost every business field. This study sought to assess the role in which Post Sales Service Strategies play on the performance of Small and Medium Enterprises in Ibadan, Oyo State, Nigeria. A survey among SMEs owners in Oyo State found that Post Sales Service can become a key differentiator and a major profit source if it’s being managed and carried out appropriately among the Small business owner and their customer in order to boost their operational performance and as well standardize their relationship with the customers. The study is immensely in various ways to Small Business Owners, Management, Practitioners, and Policy Makers. To the Small Business owners in Nigeria, the study will provide a more reliable scientific measure on issues affecting Post Sales Service on the performance of Small and Medium Enterprises. The findings also revealed that Post Sales Services are very important in mitigating possible collapse of SMEs. There search thus, recommends that SMEs should ensure that Post Sales Service should be used as an integral part of product offering at the same value to every customer in order to increase and survive in their operational performance efficiently and effectively.

SOCIAL MEDIA INTEGRATION WITH CUSTOMER PORTAL

Abstract : Customer relationship management, abbreviated as CRM, is a concept used in marketing that focuses on the customers’ needs and satisfaction to improve the company’sperformance. In the business world today, technology has changed traditional procedures due to theemergence of the internet and social media channels. It is clear that customers are the only source of current and future profits for the company thus,developing systems that are customer-centered is the new norm in the business world.Traditional CRM uses internal strategies that help understand customer needs, while Social CRM uses social media platforms to manage their customers. Integrating social media andCRM has helped companies improve customer interactions and offers ways of managingand measuring social networking for successful customer engagement. This paper aims toreview various studies touching on the impacts of social media CRM on large Corporationsin the UK. IndexTerms – Social media, customer relationship management (CRM), social customer relationship management (SCRM), social media platforms.