Track Record Of Performance Research Articles

Data-Driven Strategies for Fuel Distribution in Indonesia: A Case Study of PT Pertamina Patra Niaga

Fuel oil or what is often referred to as BBM is one of the basic needs to drive all community activities. So the government appointed PT Pertamina as a single company which is a state-owned company to facilitate fuel needs for all levels of society. However, with increasing demand, the government formed a new policy to allow private companies to come in to meet all fuel demand. With this, PT Pertamina is no longer the only fuel supplier in Indonesia and must continue to develop mature strategies so that profits do not fade. One way is by examining sales data and predicting customer loyalty. The RFM method followed by the decision tree algorithm and k-means clustering is applied in this research, with the output being able to determine the level of customer loyalty, the level of salesman performance, as well as predicting the potential for customers to churn and its correlation with the salesman's skills. The data used as a reference for the research is sales transaction data obtained from PT Pertamina Patra Niaga Regional Jatimbalinus. And from the research, results showed that the majority of PT Pertamina Patra Niaga Regional Jatimbalinus customers are loyal customers. With a salesman, performance is divided into good performance and less good performance. This grouping is obtained based on the salesman's overall performance track record. As for customer churn predictions, it was found that there was 1 group of customers who were predicted to churn heavily, but this was not influenced by salesman performance, as evidenced by transaction track records in existing data

ISLAMIC SPIRITUAL EXTRACURRICULAR ACTIVITIES IN STRENGTHENING THE INTEGRITY OF IMMIGRATION POLYTECHNIC CADETS, MINISTRY OF LAW AND HUMAN RIGHTS

This study discusses Islamic spiritual extracurricular activities in strengthening the integrity of cadets at the Immigration Polytechnic of the Ministry of Law and Human Rights. The purpose of this study is to obtain an overview of Islamic spiritual extracurricular programs in strengthening the integrity of cadets, it is also hoped that good integrity will also bring students to a good and useful community environment and become part of a good society. The approach used in this research is a qualitative approach with the case study method. Collecting data using observation, interviews and documentation. The findings in this study are that integrity is developed including honest behavior, consistent attitude, commitment to the vision and mission of the organization, objectivity to problems, courage to make decisions and ready to accept risks, discipline and responsibility, track record of performance. This can be formed through activities carried out by Islamic spiritual extracurriculars at the Immigration Polytechnic of the Ministry of Law and Human Rights such as events that are routine every year such as commemorating religious holidays such as Isra Miraj, Maulid Nabi. This can provide provisions for students to be able to have good integrity which will be used as provisions in carrying out their duties as state apparatus in the field of immigration and in social life, so that they will become individuals who are very beneficial to the surrounding environment.

Discrete Geodesic Distribution-Based Graph Kernel for 3D Point Clouds

In the structural analysis of discrete geometric data, graph kernels have a great track record of performance. Using graph kernel functions provides two significant advantages. First, a graph kernel is capable of preserving the graph's topological structures by describing graph properties in a high-dimensional space. Second, graph kernels allow the application of machine learning methods to vector data that are rapidly evolving into graphs. In this paper, the unique kernel function for similarity determination procedures of point cloud data structures, which are crucial for several applications, is formulated. This function is determined by the proximity of the geodesic route distributions in graphs reflecting the discrete geometry underlying the point cloud. This research demonstrates the efficiency of this unique kernel for similarity measures and the categorization of point clouds.

The Importance of a Borrower’s Track Record on Repayment Performance: Evidence in P2P Lending Market

In peer-to-peer (P2P) loan markets, as most lenders are unskilled and inexperienced ordinary individuals, it is important to know the characteristics of borrowers that significantly impact their repayment performance. This study investigates the effects and importance of borrowers' past repayment performance track record within the platform to identify its predictive power. To this end, I analyze the detailed loan repayment data from two leading P2P lending platforms in Korea using a Cox proportional hazard, multiple linear regression, and logit models. Furthermore, the predictive power of the factors proxied by borrowers' track records are evaluated through the receiver operating characteristic (ROC) curves. As a result, it is found that the borrowers' past track record within the platform have the most important impact on the repayment performance of their current loans. In addition, this study also reveals that the borrowers' track record is much more predictive of their repayment performance than any other factor. The findings of this study emphasize that individual lenders must take into account the quality of borrowers' past transaction history when making a funding decision, and that platform operators should actively share the borrowers' past records within the markets with lenders.

The Gambia

The Gambia remains a fragile state, grappling with a large public debt burden and the legacy of mismanagement left by the previous regime. Considerable progress has been achieved under the transitional justice agenda and broader initiatives aimed at improving governance. Building on successful macroeconomic stabilization with financial support from the IMF, the World Bank, and other international partners, the authorities established a satisfactory performance track record through the Staff-Monitored Program (SMP) covering 2019, approved by the IMF Management in April 2019.

Improved African buffalo optimisation algorithm for petroleum product supply chain management

Real-world supply chain network is complex due to large problem size and constraints. An optimum petroleum products scheduling would not only influence the distribution cost but also result in optimal product scheduling. The bio-inspired method is preferred alternative to exact algorithms because it does not require prior knowledge of the initial solution unlike the latter. The study proposes an improved African Buffalo Optimisation (ABO) algorithm for petroleum supply chain distribution. The ABO is a swarm intelligence-based bio-inspired algorithm with significant performance track record. It models the grazing and defending lifestyle of the African buffaloes in the savannah. The chaotic ABO and chaotic-Levy ABO are the ABO's improved variants with outstanding performance in recent studies. The present study applies the standard ABO and its improved variants to obtain a near optimum petroleum distribution scheduling solution. The comparative result shows that the proposed approach outperformed existing exact algorithms.

Improved African buffalo optimisation algorithm for petroleum product supply chain management

Real-world supply chain network is complex due to large problem size and constraints. An optimum petroleum products scheduling would not only influence the distribution cost but also result in optimal product scheduling. The bio-inspired method is preferred alternative to exact algorithms because it does not require prior knowledge of the initial solution unlike the latter. The study proposes an improved African Buffalo Optimisation (ABO) algorithm for petroleum supply chain distribution. The ABO is a swarm intelligence-based bio-inspired algorithm with significant performance track record. It models the grazing and defending lifestyle of the African buffaloes in the savannah. The chaotic ABO and chaotic-Levy ABO are the ABO's improved variants with outstanding performance in recent studies. The present study applies the standard ABO and its improved variants to obtain a near optimum petroleum distribution scheduling solution. The comparative result shows that the proposed approach outperformed existing exact algorithms.

Mechanism for cooperative partner selection: Dual-factor theory perspective

With global competition and greater components outsourcing, partners play an important role in the supply chain. Previous research on partner selection from the perspective of partner ability has ignored cooperation factors. Ignoring the cooperation factor can lead to a higher chance of failure, even if the partners have a good track record of performance. For this reason, this paper seeks to study the mechanism on cooperative partner selection from a dual-factor theory perspective. We consider two levels: collaborative level and individual level, as well as their measurements. We propose a novel framework for solving the cooperative partner evaluation and selection problem. This framework applies the compatibility degree of the triangular fuzzy soft set (TFSS) to measure the collaborative level, and an extended TODIM based on TFSS to measure the dominance degree for the individual level. A simple example is used to illustrate the potential application of the proposed method. To highlight our method’s practicality and effectiveness, we compare against an established technique.

How Investors Can Utilize Performance Track Record to Make Investment Decisions

We looked at the relationship between the performance of predecessor and successor funds (and therefore how far predecessor performance can be used to predict successor performance), and assessed whether fund performance at four or six years can be used to predict the eventual performance of a fund. What we found is that there is a significant correlation between the performance of predecessor and successor funds, and also that you can get a good indication of a fund’s eventual performance from its performance at four and six years. This shows that investors can get meaningful information from reviewing performance of the immediate predecessor to the fund they are considering, rather than only being able to review older funds that are closer to the end of their fund lives.

Accelerated Role of Foreign Banks in India: Way Forward

Banking sector in India is well diversified. Banking sector in India, as a group is categorized as Scheduled Commercial Banks (SCBs). It comprises Public Sector Banks (PSBs) having 70 per cent market share of banking business, New generation Private Sector Banks (NPSBs)- 17 per cent, Old generation Private Sector Banks (OPSBs)- 5 percent, Foreign Banks (FBs) – 6 per cent and others 2 per cent. With financial inclusion on robust expansion mode, banks are set to play greater role in supporting reviving Indian economy. The key challenges in the banking industry revolve around (a) improvement in the asset quality, (b) dipping margins, (c) underused technology led delivery channels, (d) non-optimization of Financial Inclusion infrastructure (e) lack of product innovation (f) changing dynamics of regulatory and government guidelines (g) augmentation of capital to meet Basel –III norms (h) HR -Succession planning, nurturing leadership, Retention and talent management and so on. Recognizing the increased role of FBs in India, RBI released the “Road map for presence of foreign banks in India” in 2005 laying out a two track and gradualist approach aimed at increasing the efficiency and stability of the banking sector. One track was the consolidation of the domestic banking system, both in private and public sectors, and the second track was the gradual development of presence of foreign banks in a synchronized manner. It was followed by RBI issued a discussion paper released in Jan 2011 on the status of FBs and final guidelines were issued in November 2013. This paper brings to fore the role of FBs, performance track record, their business model, collaborative capabilities and projects their future role in the new RBI dispensation. The enhanced role of FBs foreseen by RBI in future due to their immense technological capabilities, capital and knowledge of international best practices earns them a ‘near national status’. The recent guidance of RBI to strengthen the role of FBs is in right direction. Hence, the current move to strengthen their presence in India through mergers/acquisitions, WOS and near National status is a right step that is well poised to develop the core values of Indian banking system.

Return to work with chronic pain: employers' and employees' views

The sickness certification and return to work (RTW) of people with chronic pain are important health and economic issues for employees, employers, taxpayers and the UK government. The 'fit note' and a national educational programme promoting RTW were introduced in 2010 to curb rising rates of sickness absence. To investigate employers' and employees' experiences of managing RTW when someone has taken sick leave for chronic pain and to explore the perceived efficacy of the fit note. A qualitative study, comprising semi-structured interviews with employers who had managed sick leave cases and employees who had experienced sick leave for chronic pain. Interviews were recorded, transcribed and the data analysed using constructivist grounded theory principles. Five themes were elicited. Firstly, frequent enquiry after health status was seen as intrusive by some employees but part of good practice by employers and acknowledging this difference was useful. Secondly, being able to trust employees due to their performance track record was helpful for employers when dealing with complex chronic pain conditions. Thirdly, feeling valued increased employees' motivation to RTW. Fourthly, guidelines about maintaining contact with absent employees were useful if used flexibly. Finally, both parties valued the fit note for its positive language, interrogative format and biomedical authority. The fit note was perceived to be helpful if used in combination with other strategies for managing sick leave and RTW for people with chronic pain. These strategies may be applicable to other fluctuating, long-term conditions with medically unexplained elements.

Neural network credit scoring model for micro enterprise financing in India

PurposeQuantitative methods known as scoring models have been traditionally developed for credit granting decisions using statistical procedures. The purpose of this paper is to develop a non‐parametric credit scoring model for micro enterprises that are not maintaining balance sheets, and without having a track record of performance and other credit‐worthy parameters.Design/methodology/approachMultilayer perceptron procedure is used to evaluate credit reliability in three classes of risk, i.e. bad risk credit, foreclosed risk credit and good risk credit.FindingsThe development of a neural network model for micro enterprises facilitates bankers and financial institutions in credit granting decisions in an automatic manner in the Indian context.Originality/valueThis study applies comprehensive information on parameters of financial package prepared by Indian financial institutions and banks to micro enterprises to design a credit risk model. This model, instead of categorizing borrowers in terms of their “ability to pay”, attempts a solution to the unsolved problem of credit availability to micro enterprises in an Indian context, having no past performance track record.

Tc-99m SPECT Sestamibi for the Measurement of Infarct Size

There are a variety of approaches to assess the efficacy of reperfusion therapy, and myocardial protection, in acute myocardial infarction. This review summarizes the available evidence validating the use of technetium-99m sestamibi single-photon emission computed tomography (SPECT) for this purpose. Multiple lines of evidence have validated its clinical utility. SPECT sestamibi infarct size has been used as an endpoint in multiple randomized clinical trials. A smaller number of clinical trials have used both early and later imaging with SPECT sestamibi to assess myocardium at risk and myocardial salvage. SPECT sestamibi has a number of limitations which must be recognized. Nevertheless, SPECT sestamibi infarct size is a well-validated measurement with a long track record of performance as an endpoint in multicenter, randomized clinical trials.

Board and CEO practice in modem strategy-making: How is strategy developed, who is the boss and in what circumstances?

AbstractThe interplay of the board of directors (BOD) and the chief executive officer (CEO) in strategy-making has been the subject of some debate in the literature. Some experts argue the BOD should take a strong role in strategy-making while the alternative point of view is that the CEO is the key man or woman. In a qualitative study with 16 interviews of leading Australian industry figures, the CEOisfound to be the key player in modern strategy-making. The findings identify how the BOD, individual directors and the CEO can combine to add value to the organization, in particular how these organization members can team up and interact to achieve a faster, more flexible strategy cycle. The modern organization focus needs to be on giving more emphasis to the empowerment, interaction and creativity of the CEO and top management team. The BOD should focus on questioning, criticizing, refining and enabling the strategy proposed by the professional managers. However, the study indicates these findings are subject to exception and variation in relation to factors including specialist knowledge, track record of performance, personality attributes, personal power, and political and influencing skills. The major focus of attention of the BOD and CEO is the strategic-thinking related activities in strategy-making. Strategic planning still has an important role in formalizing strategy content, usually in a regular cycle.

Board and CEO practice in modem strategy-making: How is strategy developed, who is the boss and in what circumstances?

AbstractThe interplay of the board of directors (BOD) and the chief executive officer (CEO) in strategy-making has been the subject of some debate in the literature. Some experts argue the BOD should take a strong role in strategy-making while the alternative point of view is that the CEO is the key man or woman. In a qualitative study with 16 interviews of leading Australian industry figures, the CEO is found to be the key player in modern strategy-making. The findings identify how the BOD, individual directors and the CEO can combine to add value to the organization, in particular how these organization members can team up and interact to achieve a faster, more flexible strategy cycle. The modern organization focus needs to be on giving more emphasis to the empowerment, interaction and creativity of the CEO and top management team. The BOD should focus on questioning, criticizing, refining and enabling the strategy proposed by the professional managers. However, the study indicates these findings are subject to exception and variation in relation to factors including specialist knowledge, track record of performance, personality attributes, personal power, and political and influencing skills. The major focus of attention of the BOD and CEO is the strategic-thinking related activities in strategy-making. Strategic planning still has an important role in formalizing strategy content, usually in a regular cycle.

Ship funds as a new asset class: An empirical analysis of the relationship between spot and forward prices in freight markets

Over the last decade, various new asset classes have emerged as alternatives to the more traditional investments. Although they appear attractive at a first glance, there exists hardly any historical performance track record, and experience with the return generating variables is limited. For ship funds and the valuation of shipping projects, the prevailing freight rates are important price-determining factors. Therefore, knowledge about the time series properties of spot and forward freight rates is essential for a better understanding of the return generating process of ship funds. There are, however, several peculiarities. Because shipping is a nonstorable service, forward prices need not to be linked to spot prices by any direct arbitrage relationship. We test the implications of this notion by using data for Panamax size bulk carriers and find that even in informationally efficient markets spot freight rates are highly autocorrelated. In addition, spot and forward freight rates are cointegrated, and the equilibrium is established by spot rates converging to forward rates. An extension of the standard vector error correction model reveals time-variation in the adjustment speed. Overall, our empirical findings suggest that the time series properties of freight rates need to be well understood before investing in ship funds. Another important aspect is whether ship funds should hedge their freight rate exposure in the forward market to reduce the return volatility or whether investors can achieve the same outcome by holding ship funds in a portfolio context.

Key criteria in twenty‐first century management promotional decisions

PurposeThis paper aims to determine the key criteria used by managers in rapidly changing organizations to make promotion decisions.Design/methodology/approachA survey was conducted of 311 managers from over 100 different US service and manufacturing enterprises experiencing rapid organizational change. Managers were asked to identify no more than five factors that were most critical in their organization to actually getting promoted. Results were content analyzed.FindingsTop ten factors influencing promotion decisions included: getting desired results/strong performance track record; possessing strong business networks; interpersonal/communication skills; strong knowledge‐experience base; demonstrating a strong work ethic; ability to build teams and being a team player; personality, attitude, and ego factors; solving a major problem or getting a “big hit;” demonstrating character, integrity, and trustworthiness; and, preparation and being in the right place at the right time.Research limitations/implicationsResults indicate what organizations are currently using to make decisions but it does not provide a normative guide for what organizations should be using. Also, further research should attempt to differentiate dimensions used at each level of management.Practical implicationsThe results provide a useful guide for managers who are looking for a leg up in the competitive fight for promotions. Results also suggest criteria to be considered when organizations update management assessment tools to better reflect the demands on managers working in the new global business environment.Originality/valueThe study focuses on promotions in rapidly changing organizations and uses a sample that is very familiar with how organizations actually make promotion decisions.

Leading dynamically complex projects

PurposeThe paper seeks to establish a critical role for leaders in guiding projects to higher levels of effectiveness. This role centers on using the thinking capacities associated with systems thinking, knowledge processing, action learning, and pragmatism. It is also to design systems to imbue these capacities into the operation of project teams.Design/methodology/approachThis paper presents a case study, action‐research observations, and conceptual models. Actual case studies including a medium‐sized US manufacturer and a large shipyard.FindingsThis paper includes a section that presents research findings that suggest efforts by managers to improve profits actually reduced profit in the longer term due to erroneous learning and low‐quality knowledge.Research limitations/implicationsThe research presented does not focus specifically on project teams, but rather on the interplay between project teams and the larger organizations of which they are part.Practical implicationsIn certain industries, the performance track record of project teams for operating according to schedule and within budget is dismal. Such failures have been wrongly attributed to bad staffing, poor decision making, internal politics, or external forces. This paper proposes that the more common reasons for such failures are erroneous learning caused by misperceptions of dynamic feedback, low‐quality knowledge, imbalances among system elements, and failure to account for dynamics and time delays. An approach called project management system pragmatics is proposed for use by leaders as a way to improve the effectiveness of project teams.Originality/valueThis is the first approach to project management/leadership that offers practical ways for leaders to conceive of how to deal with the ambiguities posed by the dynamics of the complex systems many project teams operate within.

Commercial Mortgage Backed Securities: How Much Subordination is Enough?

The commercial mortgage-backed security market has experienced rapid growth in recent years, but relatively little academic research has questioned the apparent success of the CMBS capital structure. In this paper, we study whether the recent growth in the CMBS market actually reflects the mitigation of a market imperfection, as some have suggested, or reflects ever thinner subordination levels, perhaps backed up by overly aggressive assumptions about future commercial real estate performance. Preliminary results from our analysis based on a multi-factor structural model of expected commercial mortage defaults indicate that, somewhat surprisingly, the optimal levels of subordination are lower than those observed in recent CMBS deals. One interpretation of these results is that, in the absence of a performance track record for securitized commercial mortgages, the subordination levels of early deals were set too high. Under this interpretation, our results imply that in the future the CMBS market will likely see further reductions in subordination and continued rapid growth. An indirect implication of this conclusion is that the CMBS capital structure does create value.

Monitoring Projects—It's More than Reading Reports

Effective monitoring involves people, the work itself, the project reviews, and-on rare (hopefully) occasions-termination. Monitoring plays major role in determining project success. We are all familiar with projects that were not completed on time, were over cost, and did not meet the expected goals. Assuming that the project choice was viable one and thorough analysis was made in the selection process, what went wrong? Successful projects are generally staffed by knowledgeable, competent and dedicated professionals and managers. The degree of success can be predicted by reviewing the past performance of the participants. Too much emphasis is often placed on such characteristics as team player, people skills, a people person, or a good communicator. Instead, the emphasis needs to be placed on high levels of professional performance, where individuals recognize that they are expected to make contribution to the business. Good people skills are essential but contribute to success only if augmented by track record of performance. What does this have to do with monitoring? The fact remains that monitoring project staffed by inadequately trained or dedicated people--people unable to face up to the fact that the expectations are high- is an exercise in futility. Project success demands timely evaluation of all activities and performance. The project manager may delegate, but he or she needs to play the role of the doubting Thomas and observe results in sufficient detail to know that the basic objectives are being met. Project monitoring is more than reading reports. It is more than monitoring schedules, cost and apparent performance. While these are necessary, project success depends on the level of involvement of the project manager. This means that the project manager plays very proactive role and participates with the assigned staff. Some may look upon this role as one of interference, but it is not; the manager's role is to meet the project objectives. Successful project monitoring requires continual sensitivity to changing conditions, focus on the project objectives, and discipline in the group to meet commitments. The monitoring process involves three major areas: 1) the people, 2) the sequence of events, activities, and directions, i.e., the actual work function, and 3) project reviews. The People It is essential that participants understand their roles, the expectations regarding performance, and how their particular contribution fits into the total scheme. Too often, assignments are made without providing the project staff with an overall understanding of the objectives as well as where the program fits in the corporate scheme. Constant communication of changes, directions, new information, and results in critical areas is essential. As projects progress, the talent required to staff the project often changes. This applies to technical professionals and managers as well. A project is living organism. It is dynamic. As the needs change and as new information becomes known, the staff must be altered and adjusted to meet those needs. The following questions are of utmost importance and require continual attention: Are assigned personnel doing what they said they would do? Are objectives being met in timely manner? If delays are encountered that go beyond the allotted time, can additional resources be brought in to fill the gap? Is the project staffed with the required level of talent? Have the requirements changed? Should new personnel be brought into the project? Sequence of Events Maintaining focus on the project objectives requires constant attention. Participants must focus on the key success factors as well as the critical problems that could preempt success. Technical problems that cannot be solved at the laboratory bench or demonstrated in experimental models are seldom solved on the factory floor. …