Wijaya Karya Research Articles

The Role of Satisfaction and Trust in Mediating the Relationship Between Payment Method and Vendor Loyalty (Study on Construction Company PT. Wijaya Karya)

Loyalty is crucial for sustainable business relationships and long-term company success. In competitive business environments, companies must enhance loyalty by focusing on key factors. This research aims to examine how satisfaction and trust mediate the impact of payment on vendor loyalty at PT. Wijaya Karya. Using a quantitative method and questionnaire, the study targets 120 vendors who have contracts with PT. Wijaya Karya Infrastructure Division I. This research uses 5 Likert scales to measure variables when testing the validity and reliability of variables. This research was analyzed using PLS-based SEM. The research results show that (1) Payment has a positive and significant effect on satisfaction, (2) Payment has a positive and significant effect on trust, (3) Payment has a positive and significant effect on loyalty (4) Satisfaction has a positive and significant effect on loyalty (5) Trust positive and significant effect on loyalty (6) Payment has a significant effect on loyalty through satisfaction (7) Payment significantly influences loyalty through trust. Theoretically, this research develops a model linking payment, satisfaction, trust, and vendor loyalty, enhancing our understanding of vendor loyalty in business relationships. Practically, PT. Wijaya Karya should focus on improving payment, satisfaction, and trust to boost vendor loyalty. The study contributes to business relationship management literature and offers practical recommendations for PT. Wijaya Karya. Future research should consider additional factors like experience, relationship quality, and communication quality to further explore vendor loyalty.

Corporate Strategy in Merger Plans for Construction-Based Business State Owned Enterprises Case Study: (PT. Pembangunan Perumahan Tbk. and PT. Wijaya Karya Tbk)

This research discusses the ministry of SOE’s plan to take strategic steps by combining several companies in the construction sector. One of the companies that will be merged is PT. Pembangunan Perumahan Tbk and PT. Wijaya Karya Tbk. This research uses qualitative methods by using secondary data sources. This research begins by consolidating the financial statements of both companies to find out the total assets and expenses of both companies.It is known that after consolidation was carried out and linked to corporate strategy, the company was in position of retrenchment stage. The next analysis is a restructuring step using hexagonal restructuring framework. The company needs to release several of it’s subsidiaries operating in industrial, property and realty, and energy sectors. Whereas the company will maintain it’s subsidiaries in the construction, EPC, and equipment sectors.The analysis results show that the company needs to streamline it’s assets through the release of several subsidiaries that don’t support the core business.The results of the company’s financial projections show that the company will be able to gain profits in the future after restructuring was carried out.

Optimization of Staffing Levels and Personnel Budgeting Through Standardized Job Descriptions and Workload Analysis: A Case Study of Operations Director 1's Projects at PT Wijaya Karya (Persero) TBK

Optimization of Staffing Levels and Personnel Budgeting Through Standardized Job Descriptions and Workload Analysis: A Case Study of Operations Director 1's Projects at PT Wijaya Karya (Persero) TBK

Contributions of Corporate Green Space In Conserving Plant Diversity and Its Potential Usefulness: Case Study Wikasatrian Pusat Kepemimpinan

Abstract Wikasatrian Pusat Kepemimpinan, under the PT Wijaya Karya Persero Tbk management, applies sustainability principles in managing its landscape. Wikasatrian Forest is a green-forested space in the Wikasatrian that is allowed to grow and develop naturally with no or lesser management. A study on plant diversity was conducted to strengthen its conservation value. The study aimed to identify the plant variety of the Wikasatrian Forest, assess the population, and its potential usefulness for people and nature in the landscape and other needs. Data were collected using the line transect method and quadrats analysis of 10 x 10 m squares for trees, 5 x 5 m squares for saplings, and 1 x 1 m squares for ground covers, with six plots of 10 x 100 m squares, in line with the forest track. Results showed that 26 tree species from 20 families were found. On all structure levels, the Shannon’s diversity index (H) was moderate (2.53 – 2.78), and the species evenness index (E) was high (0.7 – 0.82). These showed that this area has a good ecosystem balance with diverse plant species. Most species have multiple potential uses, which are used for medicinal purposes (14) and food sources (10). Some are for materials (9) and environmental improvement (6).

Comparative Analysis of the Level of Financial Efficiency in the National Construction Services Industry Before and After the Implementation of PSAK 72 with a Two-Stage Data Envelopment Analysis Approach

This study analyzes the financial efficiency of Indonesia's national construction services industry before and after the implementation of PSAK 72 using the Data Envelopment Analysis (DEA) method. It aims to address the poor performance of contractor companies, which have negative operating cash flows and high Debt to Equity Ratios (DER). Input variables include Net Fixed Assets, Operating Expenses, and Total Employees, while output variables are Revenue and Profit Before Tax. Efficiency scores range from 0 to 1, with scores close to 1 indicating high efficiency. Prior to PSAK 72, PP Presisi Tbk and Wijaya Karya Bangunan Gedung Tbk were the most efficient companies, consistently achieving perfect efficiency scores. Total Bangun Persada Tbk was the least efficient. After PSAK 72, Bukaka Teknik Utama Tbk reached maximum efficiency in 2021, while Brantas Abipraya (Persero) was the least efficient in 2020. A Kolmogorov-Smirnov normality test showed the data was not normally distributed, leading to a non-parametric Wilcoxon signed rank test. The test indicated a significant difference in financial efficiency before and after PSAK 72, with a p-value of 0.04. This suggests a notable impact of PSAK 72 on the efficiency of construction companies.

Hazard Control Working at Height at PT Wijaya Karya Bangunan Gedung Tbk. Halim High-Speed Train Construction Project

PT Wijaya karya Bangunan Gedung Tbk. Halim High-Speed Train Project is a company engaged in construction, investment, and concessions. Engaged in the construction sector certainly has a high potential for danger and danger factors. One of them was an accident caused by working at a height. Therefore, it is important to control the danger of working at height to prevent and control the danger of height. This study uses field observation methods, literature studies, and interviews to determine how the hazard control program works at height. The hazard control program for working at height at PT Wijaya Karya Bangunan Gedung Tbk, Halim High-Speed Train Project has been by the regulation of the Minister of Manpower No. 9 of 2016, among others. Fit to work, toolbox meeting inspection, Scaffolding and Full Body Harness. At PT Wijaya Karya Bangunan Gedung Tbk, The halim high-speed train project has procedures related to the Control of work hazards at height, namely the height work safety procedure No. WIKA-BG-PDSMM-IK-26. PT Wijaya Karya Bangunan Gedung Tbk. Halim High-Speed Train Project, but there are still problems related to the lack of supervision of work safety equipment and lack of training for workers related to high-altitude work.

Effect of Product Quality and Price on Customers’ Loyalty through Customers’ Satisfaction: The Case of Selling Region II, PT Wijaya Karya Beton Tbk

This research aims to determine the impact of product quality and price on customer loyalty through customer satisfaction in the Sales Region II PT Wijaya Karya Beton Tbk. The population is customers of the Sales Region II PT Wijaya Karya Beton Tbk with a sample or respondents of 190 people using a probability sampling technique with a cluster sampler system. The data used is primary data with the method of collecting query data and secondary data taken through literature. The analysis technique used by the researchers was structural equation modeling (SEM) using the Lisrel. The results of the research show that: 1) product quality has a positive and significant impact on customer satisfaction; 2) price has a significant and positive impact on client satisfaction, 3) product quality positively and significantly affects customer loyalty; 4) price has a positive and non-significant effect on customer loyalty, 5) customer satisfaction has a positive impact and significant influence on customer loyalties.

Implementation of Data Warehouse and Star Schema for Optimizing Property Business Decision Making

The property industry is a sector that faces intense competition, so innovation is needed to plan business strategies. PT Wijaya Karya Realty faces several problems, such as determining strategic locations for its property products, such as houses or shophouses, and comparing the price of company houses with the market price of homes in specific locations. To answer these needs, it is necessary to implement a data warehouse and Extract, Transform, Load (ETL). In this research, Pentaho Data Integration (PDI) is used as a tool for managing and cleaning data that can be used as analysis material to assist in data-based decision-making. Apart from that, Mondrian can be used through the workbench scheme to improve data analysis effectively. Designing a star schema that includes a dimensional table and fact table can help optimize the analysis process better. The implementation of a data warehouse allows companies to make in-depth decisions based on critical variables. The research results show that the implementation of Star Schema can provide information for companies in decision-making and business strategy planning in the property sector.

Analisis Pemotongan, Penyetoran dan Pelaporan Pajak Penghasilan Pasal 23 pada PT. Wijaya Karya Beton Tbk PPB Sumatera Utara

One of the income taxes is Income Tax Article 23. In Income Tax Article 23 there is a process of withholding, depositing and reporting where if an error occurs in the process it can result in a shortfall in the amount of tax that should be deposited into the state treasury. Article 23 Income Tax Withholders are parties who pay income, namely government bodies, domestic corporate tax subjects, activity organizers, permanent establishments and other overseas representatives. This research was conducted at PT. Wijaya Karya Beton Tbk PPB. The aim of this research is to analyze the deduction, deposit and reporting of Income Tax Article 23 at PT. Wijaya Karya Beton Tbk PPB North Sumatra. The analytical method used is the descriptive method. Based on the research results, PT. Wijaya Karya Beton has implemented Article 23 Income Tax deductions and reporting in accordance with applicable tax regulations but PT. Wijaya Karya Beton TBK PPb North Sumatra in the implementation of income tax payment article 23 there are still things that are not on time, namely exceeding the deposit limit specified in Law Number 36 of 2008 concerning income tax article 23. In this research it can be concluded that PT. Wijaya Karya Beton has carried out its obligations properly in carrying out deductions and reporting Income Tax Article 23 and it is best that in carrying out the payment of income tax article 23 not exceed the deposit limit specified in Law Number 36 of 2008 concerning income tax article 23.

FINANCIAL RATIO ANALYSIS OF PT WIJAYA KARYA (PERSERO) TBK. DURING THE COVID-19 PANDEMIC (2020-2022) TO DETERMINE THE IMPACT OF THE PANDEMIC ON THE COMPANY'S FINANCIAL PERFORMANCE

A significant decrease in profit was experienced by PT Wijaya Karya (Persero) Tbk during the Covid-19 pandemic in Indonesia, which decreased by 33.48% in 2021 and decreased by 94.13% in 2022. However, company performance cannot be measured by profit levels alone. Descriptive analysis using financial ratios such as liquidity ratios, solvency ratios, activity ratios, and profitability ratios is the basis of this research. It is concluded that the company's performance during the pandemic is not good, if the resulting financial ratio analysis is compared to the industry average standard. Average current ratio is still far below industry standards, which is 106% compared to 200%. Average quick ratio is still far below the industry standard, which is 78% compared to 150%. Average cash ratio is still far below industry standards, which is 23% compared to 50%. Average debt to equity ratio shows a value far above the industry standard, which is 312% compared to 90%, even exceeding the maximum debt to equity ratio limit of 200%. Average debt to asset ratio shows a value far above the industry standard, which is 76% compared to 35%. Average total asset turnover is still far below the industry standard, which is 0.26 times compared to 2 times. Average fixed asset turnover is still far below the industry standard, which is 2.60 times compared to 5 times. Average NPM is still far below the industry standard, which is 1.07% compared to 20%. Average ROE is far below the industry standard, at 1.08% compared to 40%.

Optimization Selection on Deep Learning Algorithm for Stock Price Prediction in Indonesia Companies

Purpose: Share price movements after the COVID-19 pandemic experienced a decline in several sectors, especially in the share prices of the Aneka Tambang Company, which operates in the mining sector, the Wijaya Karya Company in the construction sector, and the Sinar Mas Company, which is a Holding Company. Several factors influence this, including investors' hesitation in investing their money. This research aims to predict stock price movements using a Deep Learning algorithm, which is optimized using Selection optimization at three large companies in Indonesia, namely PT. ANTAM, PT. WIKA, and PT. SINAR MAS. So that it can provide the correct information to investors to avoid losses.Method: research through collecting data from the three companies, preprocessing, and then analyzing research data with several alternatives. The combination of inputs from the three companies using the deep learning method is then optimized using selection optimization to produce the best accuracy and use the results of the RMSE evaluation.Results: The results of this research show that by using the Deep Learning method, the best evaluation results were obtained for the Company PT Wijaya Karya with an RMSE value of 0.432, an MAE value of 0.31505 and an MSE value of 1913.953. These results were then optimized using Selection optimization to obtain an RMSE increase of 0.022, namely 0.410.Novelty: The contribution of this research is to get the best combination of input variables obtained using the windowing process from the three companies, which are then processed using the Deep Learning method to produce the most accurate evaluation results from the three companies, then the results are optimized again using Selection optimization to get the more optimal results.

The Effect of Job Satisfaction, Work Motivation, Work Environment, and Training on Employee Productivity at PT. Wijaya Karya Beton Tbk in East Jakarta

This research partially aims to analyze the effect of job satisfaction, work motivation, work environment, and training on the work productivity of operating bureau employees at PT. Wijaya Karya Beton Tbk. The population in this study were all employees of the operating bureau of PT. Wijaya Karya Beton Tbk, amounting to 285 employees. Determination of the sample using probability sampling method with sampling techniques using simple random sampling, then the size of the sample in this study were 166 respondents. The data analysis method in this research is multiple regression with the help of SPSS version 24.00. The results in this study indicate that partially the influence between job satisfaction, motivation, work environment and training has a positive effect on employee work productivity.

Evaluation of the implementation an active fire protection system in production unit PT. Wijaya Karya Beton Tbk. Pasuruan

PT Wijaya Karya Beton Tbk. Pasuruan is a manufacturing company engaged in the ready-mix concrete industry. One of the potential unpredictable hazards during the concrete production process is fire. Fire is an unwanted ignition that is difficult to control, as it can result in losses of property, loss of life, and the interruption of the production process. Therefore, the objective of this research is to evaluate the compliance of the active fire protection system as a preventive and mitigating measure against the fire hazard at PT Wijaya Karya Beton Tbk. Pasuruan. The research is observational and uses a descriptive method. The research findings indicate that the level of compliance with the implementation of the active fire protection system at PT Wijaya Karya Beton Tbk. Pasuruan averages 83.33%. The evaluation of the implementation of fire extinguishers according to NFPA 10 is categorized as good (91%), the evaluation of hydrant implementation according to SNI 03-1745-2000 and Minister of Public Works Regulation No. 26/PRT/M/2008 is categorized as good (90%), and the evaluation of the implementation of fire alarms according to NFPA 72 is categorized as sufficient (68%). In conclusion, the compliance of the active protection system at PT Wijaya Karya Beton Tbk. Pasuruan is considered to be in the good category.

Factors Influencing Unsafe Work Behavior In Construction Work For The Construction Of The Upt Vertical Hospital In Surabaya By Pt Wijaya Karya, Building Division

This research has the purpose to determine the influence of knowledge, supervision, facility availability, and management commitment as moderators on unsafe behavior among workers in the Construction Project of UPT Vertical Hospital Surabaya. The research used a Structural Equation Model (SEM) approach with the measurement model using the SmartPLS version 3.2.9 program. The research results indicate that knowledge, supervision, and facilities can influence the unsafe behavior of workers, and management commitment cannot influence knowledge, supervision, and facilities on the unsafe behavior of workers in the construction of the UPT Vertical Surabaya Hospital.

Determination of Insurance Premiums to Mitigate the Risk of Company Losses Due to Supplier Failure Using Black-Scholes-Merton Model

The Micro and Small Enterprises (MSMEs) sector in Indonesia has made a significant contribution to the Indonesian economy. However, MSMEs in Indonesia face various challenges that may occur in the future, for example, supplier failure. Therefore, it is essential to determine the right form of risk mitigation to reduce the impact of supplier failure for MSMEs, and one such approach is to have insurance. This study aims to calculate the premium price using the Black-Scholes-Merton model approach. The data used is the aggregate losses experienced by MSMEs fostered partners of PT Wijaya Karya (Persero) Tbk. Data simulation was generated on lognormal distribution to determine the premium price. The application of the Black-Scholes-Merton model on the calculations showed that MSMEs have to pay a premium of IDR 4.165.061 for one year.

ANALISIS Z-SCORE PADA SUBSEKTOR KONSTRUKSI BANGUNAN DI BURSA EFEK INDONESIA

The purpose of this study is to recognize the potential for bankruptcy formation of building construction companies listed on the Indonesia Stock Exchange for the period 2018-2022. The position of construction companies listed on the Indonesia Stock Exchange between 2018 and 2022 is determined by this study using the Altman Z-Score approach. This type of research is quantitative. This study uses secondary data, namely the company's financial statements from 2018 to 2002. As a representative sample for this study, four companies selected were those that have published audited financial reports for the past five years on the Indonesia Stock Exchange. Altman Z-Score is used to estimate the likelihood of bankruptcy in this study. Calculations with the Z-Score formula can classify companies in three states, namely healthy, gray, and potentially bankrupt. The results show that the position of the four research samples is different. PT Adhi Karya Tbk, PT PP Tbk, and PT Wijaya Karya Bangunan Gedung Tbk are likely to experience bankruptcy, while PT Acset Indonusa Tbk is in a gray position.

Analisis Financial Distress pada Perusahaan Konstruksi BUMN Karya

This study aims to measure the performance and financial health of the BUMN Karya Construction Company based on an analysis of financial reports from 2019 to 2022. This research is also intended to determine increases or decreases in financial performance and even financial distress. This study examines financial problems in 5 (five) BUMN Karya companies, including PT. Adhi Karya, PT. Waskita Karya, PT. Wijaya Karya, PT. Pembangunan Perumahan and PT. Hutama Karya. Financial performance measurement analysis based on Financial Ratio Analysis and Discriminant or Financial Distress Prediction Models include the Altman Z-score Model, the Springate Model, the Grover Model and the Zmijewski Model. The research will be measured based on the individual analysis of each company and the comparative analysis of the 5 (five) BUMN Karya. The results of the research based on analysis of financial ratios and 4 (four) financial distress models obtained values of 50% to 100%, so that it can be concluded that 5 (five) BUMN Karya companies are experiencing financial distress or financial difficulties and are on the verge of bankruptcy. While the research results are based on the calculation of financial ratios where the average state-owned company works, the majority of its assets come from debt but still have sufficient cash to pay off its debts. The conclusion from the results of this study can be used as an early warning related to the company's financial condition, so that it can be planned to develop company policies and strategies for better financial performance and avoid financial distress.

Analysis of Cost of Production Calculation using Cost of Order Method at PT Wijaya Karya Industri Energi

The purpose of this research is to explore the process of calculating the Cost of Goods Manufactured by applying the cost of goods sold approach which is in line with the principles of cost accounting at PT Wijaya Karya Industri Energi. The research approach used is descrptive analysis based on quantitative data. The data collected involves information related to the calculation of the cost of production using the cost of goods ordered method. The findings from the study revealed that the calculation of cost of production has been carried out in accordance principles, resulting in variations in the method of calculating cost of good among companies adopting this approach. In the context of calculating the cost of production for a solar water heater type ST 130 SR, it can be seen that the cost-to-order method produces a smaller amount compared to the approach used by the company.

Disaster Recovery Plan Analysis Based on the NIST SP 800-34 Framework (Case Study: PT Wijaya Karya (Persero) Tbk.)

PT Wijaya Karya (Persero) Tbk. (WIKA) is a state-owned company engaged in the construction sector and EPC is currently developing its business in the mining and investment sectors both at home and abroad. Information Technology is one of the supports to achieve its goals. The use of Information Technology is urgently needed by WIKA in order to increase the effectiveness and efficiency of the company's operational activities. In this regard, it is necessary to develop procedures for managing information technology resources to support WIKA's business continuity, which includes services for internal or external users. In the use of information technology, the Disaster Recovery Plan (DRP) is an important part of IT services in efforts to prevent Data Center Fail-Over caused by disasters. With the DRP procedure, it is expected that the Information Systems Bureau as the manager of WIKA's information technology can immediately anticipate if a Disturbance or Disaster occurs that has the potential to disrupt a large number (the majority) of processes or activities that are very critical for business continuity. This Disaster Recovery Plan is guided by the NIST SP 800-34 framework which begins with identifying and assessing risk, Business Impact Analysis (BIA), identification of preventive controls and preparation of contingency strategies.

Relationship between age, water consumption and working posture with complaints of musculoskeletal disorders in concrete production workers in PT Wijaya Karya Beton Tbk Pasuruan

The human body has been designed to be able to carry out daily activities and has a large muscle mass in weight exceeding half the body weight that makes humans able to move their bodies. Data from the Statistical Office of the European Communities (Eurostat) report shows that MSDs cases are the most common cases of PAK found in workers in various fields of work, where MSDs cases account for 45% of the total PAK cases. This study included quantitative research with an analytical observational type of research. The research design used was cross sectional. The population of this study was all workers of line I production and repetition unit at PT Wijaya Karya Beton Tbk. Pasuruan with a total sample of 35 people. Respondents who had complaints of Musculoskeletal Disorders (MSDs) at a mild level of 40% were as many as 14 workers. Then respondents who had complaints of Musculoskeletal Disorders (MSDs) at a moderate level of 37.1%, namely as many as 13 workers. While respondents who had complaints of Musculoskeletal Disorders (MSDs) at a high level of 22.9%, namely as many as 8 workers. There is a significant relationship between age and complaints of Musculoskeletal Disorders (MSDs) with p-value of 0.000 with a value of r = 0.23 which shows a weak correlation. In addition, there is also a significant relationship between water consumption and complaints of Musculoskeletal Disorders (MSDs) with a p-value of 0.000 with a value of r = -0.705 which shows a strong correlation. There is a relationship between the variables of age and water consumption with complaints of Musculoskeletal Disorders (MSDs). While there was no relationship between work posture and complaints of Musculoskeletal Disorders (MSDs).