Article Per Year (5 Year)
p-Index From 2021 - 2026
3.457
P-Index
This Author published in this journals
All Journal Sosiohumaniora Journal of Business and Management EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Mirai Management Widya Cipta : Jurnal Sekretari dan Manajemen Journal of Innovation, Business and Entrepreneurship Sebatik JATI EMAS (Jurnal Aplikasi Teknik dan Pengabdian Masyarakat) Jurnal Social Library Journal of Social Science Eduvest - Journal of Universal Studies Prosiding Seminar Nasional Pengabdian Masyarakat IIJSE Journal Integration of Management Studies Widya Cipta : Jurnal Sekretari dan Manajemen
Asep Darmansyah
School Of Business And Management, Institut Teknologi Bandung
Aerospace Engineering Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Neuroscience Public Health Social Sciences Other

Published : 27 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search
Journal : IIJSE

 1 
Financial Impacts from Assignment of Supply and Distribution of Subsidized Fuel in PT Pertamina (PERSERO) Asep Darmansyah; Yezsa Bella Nugroho; Tuntun Salamatun Zen
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.5979

Abstract

The Indonesian government has been subsidizing fuel to control inflation and stabilize the economy. Although Presidential Regulation 43/2018 mandates fuel compensation, the lack of technical regulations regarding budget allocation and monitoring has led to fuel compensation being classified as long-term receivables. To address this issue, the government issued PMK No. 227 of 2019, providing certainty for Pertamina to bill and collect payments. This regulation affirms the government's commitment to pay Pertamina, as outlined in the reconciliation records between the Ministry of Finance and the company. Internal and external analyses were conducted to understand Pertamina's business challenges, including reviews of financial statements and PESTEL analysis. The lack of regulatory clarity has resulted in negative cash flows and decreased profits for Pertamina. However, the issuance of PMK 227 has facilitated financial recovery, which is expected to enhance Pertamina's profits and increase tax and dividend contributions to the government.
Optimizing Coal Reserves at Pit Muara Tiga Besar Utara (MTBU) PT Bukit Asam to Increase Production in 2025 Faiz, Ahmad Naufal; Darmansyah, Asep
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7702

Abstract

The mining sector plays a vital role in meeting energy needs and contributing to national export revenues. PT Bukit Asam is a key player in the coal supply chain. One of the primary challenges the company faces is the discrepancy between its internal work plan and budget and the government-approved annual work plan and budget for 2025. This research focuses on determining the most effective strategy to boost coal production in one of its major sites, the Muara Tiga Besar Utara (MTBU) pit. The strategic analysis began with the use of PESTEL and VRIO frameworks to evaluate external and internal conditions. Based on this evaluation, two strategic alternatives were developed. A cost-benefit analysis was then used to determine the most suitable option. The results indicate that Alternative 2 optimization of the central pit area is more financially viable, outperforming the other option in key financial indicators such as Net Operating Profit Margin (NOPM), Return on Investment (ROI), and Break-Even Point (BEP). Further evaluation through sensitivity analysis revealed that fluctuations in coal prices and changes in operating costs significantly affect Net Operating Cash Flow (NOCF). The implementation of the chosen strategy is divided into several phases: initial preparation, production optimization, and monitoring and evaluation. Risk mitigation measures include ensuring equipment availability, implementing real-time cost tracking, and managing exposure to price volatility.
Feasibility Analysis of Tanjung Enim Hotel Investment in the Tanjung Enim Mining Unit Area of PT Bukit Asam Tbk Asharyanto, Hudan; Darmansyah, Asep
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8551

Abstract

This study analyzes the investment feasibility of a proposed 4-star hotel development on idle land owned by PT Bukit Asam Tbk (PTBA) in Tanjung Enim, South Sumatra, as part of the company's strategic initiative to optimize non-productive assets and diversify beyond coal mining. Utilizing a mixed-method approach, the research integrates qualitative methods such as case benchmarking, document review, and SWOT analysis with quantitative financial modeling, including Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Profitability Index (PI). Data were collected from both internal and external sources, including macroeconomic indicators, market trends, and comparable hotel benchmarks. Findings indicate strong legal and strategic feasibility, with the project aligned with zoning regulations and backed by full land ownership, eliminating legal uncertainties. Market analysis highlights robust demand driven by PTBA's industrial ecosystem and limited regional hotel competition. Financially, the hotel is viable with a projected NPV of IDR 17.291 billion, IRR of 14.80%, Payback Period of 8.88 years, and PI of 1.27. However, sensitivity analysis reveals significant vulnerabilities to room rates, banquet pricing, and occupancy levels. Therefore, strategic pricing, demand forecasting, and risk mitigation are essential. Overall, the project demonstrates strong investment potential, contingent upon effective operational and risk management strategies.
Co-Authors A'la, Sabila Hikmatul Acip Sutardi Acip Sutardi Adam Aliya Silmi Afgani, Kurnia Fajar Ali, Kresnanda Anggoro, Yudo Annisa Rizkia Syaputri Asharyanto, Hudan Astari, Airen Widhia Athira Azalika Ayu, Athira Azalika Aulia, Hilmi Ayudiatri, Safira Cintya Nindy Nofita Dc, Achmad Furqaan Dematria Pringgabayu Desy Kharohmayani Eko Susanto Faiz, Ahmad Naufal Fernady, Dhegatala Fitria Rahayu Khaerani Fitria Rahayu Khaerani Fitria Rahayu Khaerani Fitrianda, Saldy Gilang Perdana Putra, Gilang Perdana Halim, Robbyson Hamidah - Hamidah Hamidah Hamidah Rachmat Harijanto, Steven Mikael Harisman, Taufik Indrayana, Gun Gun Kurnia Fajar Afgani Kurnia Fajar Afgani Kurnia Fajar Afgani Maruszama, Mahfidarwan Akbar Mega Fitriani Adiwarna Prawira Octaviani Ratnasari Santoso Probo Apsoro, Darjito Wahyu Purbayati, Radia Putri, Ghaissani Elsa Raden Aswin Rahadi Saiful Akbar Septyandi, Chandra Budhi Sigalingging, Mega Setia Mawarni Siti Herni Rochana Syifaa Novianti Toni Kurniawan Tuntun Salamatun Zen Umi Zuraida Wawan Gunawan Wawan Gunawan Wiguna, Giovanni Julius Yedi Purwanto Yedi Purwanto Yezsa Bella Nugroho Yunieta Anny Nainggolan